Hyderabad based agritech startup Aqgromalin has raised Rs 2 crore from angel investors participating from the Middle East. In an official company statement Aqgromalin said that it aims to utilize the capital to set up 500 micro-farms in Tamil Nadu, Telangana, and Andhra Pradesh.

Founded in 2019 by PrasannaManogaran and Bharani C L, Aqgromalinis a farm diversification integrator. The firm works towards increasing farmer income, especially small landholders, by enabling them to diversify into Animal Husbandry and Aquaculture.

"Our company plans to utilise these funds in improving and accelerating the implementation of micro-farms that is going to uplift the living of the farmers. Additionally, our plans to strengthen the technology backed platform will drive the business forward in the domain of agri-tech,” said Prasanna Manogaran and Bharani C L, co-founders, Aqgromalin.

The company provides farmers with access to necessary inputs and all required materials to immediately start operations including-extensive training for the cultivation of crops, raising farmers awareness for the common diseases, and equipping them with expert skills to troubleshoot and increase yield, the statement said.

Through adoption of its solutions farmer can leverage ready-to-implement micro-farms at minimal investment with an ROI of 6-8 months. “Animal husbandry and aquaculture have a huge growth potential in the coming years.

With our Ready to Implement Micro Farms we are helping the small and marginal farmers also to diversify their portfolio and take advantage of the greater returns that this sector provides,” said the co-founders.