VC Fund Investments
Horticulture-focused agri-tech co. Fasal raises funding from Beyond Capital Fund
Bengaluru-based precision agriculture platform Fasal (operated by Wolkus Technology Solutions Pvt Ltd) has raised funding from Beyond Capital Fund, with participation from TDK Ventures, British International Investment, 3one4 Capital, Omnivore Partners and others.Founded in 2018 by Shailendra Tiwari and Ananda Verma, Fasal is a platform for progressive horticulture crops providing real-time crop growing intelligence to farmers to make data-driven decisions. It claims to have helped avoid about 55K MT of GHG emissions, save about 82B liters of water, and reduce about 150K kg of chemical usage.The proceeds will be used to expand operations and to diversify to new businesses including secondary processing of farm produce and Software-as-s-Service (SaaS) intelligence.
Between Mar 2019 and Dec 2023, Fasal had raised about USD 18 M from 3one4 Capital, BII, Genting Ventures, ITI Growth Fund, Navam Capital, Omnivore Partners, TDK Ventures, Wavemaker Partners, Artesian Venture Partners and others.For FY24, Fasal had reported about INR 34 Cr in Operating Income and about INR 34.03 Cr in Net Loss.
Want to receive such news items in your inbox? Click Here to sign up for a trial.
