Agritech startup Ecozen Solutions secured 6Mn funding in its Series A round from Sathguru Catalyser’s Innovation in Food & Agriculture Fund (IFA Fund).

The Pune-based company had previously raised an undisclosed amount in Series A funding from Omnivore, Caspian and the Hivos-Triodos Fund in July 2019. The fresh funds received will help them expand the product range, production capacity, and enter new geographies.

Devendra Gupta, cofounder and CEO of Ecozen said, “We will also increase the deployment of our leasing based cold chain solution and scale up Eco-Connect massively,”

He further added, “Krishna Kumar, ex-MD of State Bank of India, will be joining Ecozen’s board.”

Founded in 2010 by Devendra Gupta, Prateek Singhal and Vivek Pandey, Ecozen Solutions develops technology-enabled products to strengthen the farm-to-fork value chain of perishables. The company offers irrigation and cold chain products— Ecotron and Ecofrost— which help farmers who grow perishables to increase their yields, store their produce longer and realise higher prices.

The company claims that approximately 25K farmers in India use Ecozen products. It also offers Eco-Connect, which connects farmers growing perishables with organised buyers. It claims that Eco-Connect has already grown to 200 buyers and 75 active sellers on the platform and is expended to scale exponentially in the coming year.

Commenting on their investment, Vijayaraghavan Kannan, Senior Partner at IFA Fund said: “Ecozen has focused on using technology as a differentiator and has pioneered innovative products addressing market imperfections and catering to underserved segments of agriculture and food value chain. Businesses with positive environmental externalities and livelihood impacts fit well with IFA’s investment philosophy."