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Cold chain firm New Leaf raises Rs.6.15 Cr

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Delhi-based cold chain solutions provider New Leaf Dynamic Technologies has raised INR 6.15 crore in pre-Series A round from Good Ventures LLC. The funds will be used to increase and strengthen its product portfolio and make its existing product offering – a biomass-powered refrigeration unit GreenCHILL - available to a greater number of channel partners. Co-founded by Akash Agarwal, New Leaf's refrigeration technology utilizes biomass and farm waste to facilitate the increase of income for micro-enterprises by prolonging the shelf life of perishable produce. Recently, New Leaf tweaked its business model to provide access to finance to its end-users: farmers and farmer-producer companies by providing loan guarantees through various banks and financial partner institutions on behalf of the farmers.