VC Fund Investments
Precision agri-tech firm Fasal raises $4-M from 3one4 Capital, Omnivore, others
Bengaluru-based precision agriculture platform Fasal has raised USD 4 million from investors to expand business in India and South East Asia. The company raised this amount in pre-Series A round led by 3one4 Capital with participation from existing investors Omnivore Partners and Wavemaker Partners. Other investors in the round include Genting Ventures (Malaysia), The Yield Lab Asia-Pacific, Antares Investments, and Sandeep Singhal of Nexus. Fasal is a full-stack AI-powered IoT SaaS platform for the horticulture sector. Using on-farm sensors and algorithms, Fasal claims to deliver farm and crop-specific actionable insights to farmers in regional languages.
From the Venture Intelligence PE-VC Deal Database: Between Mar-19 and Oct-19 Fasal had raised more than INR 12 crores from Mount Parker Ventures, Wavemaker Partners, Omnivore Partners, Artesian Venture Partners and Mistletoe (Subscribers to the database can login to view the valuation, deal structuring and other transaction details.)
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