Angel Investments
Urban agri-ecosystem creator Woolly Farms raises Rs.4.39 Cr from Mumbai Angels, others
Mumbai Angels Network has invested INR 4.39 crore along with other investors in Bengaluru-based Woolly Farms, an agricultural ecosystem built within and around urban areas with consumer participation. The round also saw the participation of Callapina Capital, Malabar Angels Network and Mentorous Ventures. Woolly Farms will use the funds to build its technology platform with an NFT ecosystem for consumers to participate in farm constructions built on Blockchain technologies, and IoT-driven farms that enable centralized monitoring systems to manage farms at scale, and to bolster sales and marketing. Woolly Farms' ‘consumer-first' agriculture ecosystem aims to construct sustainable farms, co-owned by the consumers, in urban areas.
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