It has been a lucrative week for agritech startups in India with BharatAgri, Agrix Agrotech & Freshokartz raising fresh round of funds.

On Tuesday (27th Oct), Agrix Agrotech, a Patna-based precision and digital farming startup announced that it has raised fresh capital from Maple Capital Advisors and other investors. Funded in June 2020, Agrix specializes in farming as a service and renders market linkages especially for fragmented farm owners.

Founded by Nilay Pandey, Saurav Singh and Vivek Kumar, the company currently manages over 4,000 acres land, 4,000 plus farmers and more than 20 villages in Bihar.

Speaking about the fresh round of funding, Dr Nilay Pandey said, "With this investment, we will be able to cover at least 6,000 acres of fragmented farms, providing farming services (machinery and inputs) and market linkages, and adding sophisticated technology with further scale-up”.

Soon after, BharatAgri announced

on Wednesday (28th Oct) that it has raised pre series A funding from Flipkart co-founder Binny Bansal backed 021 Capital and India Quotient. While the amount raised in the round remains undisclosed, existing investors Better Capital and Ajay Prabhu, COO, Quest Global also participated in the funding.

The Pune based agritech startup was founded in 2017 by IIT Madras graduates Siddharth Dialani and Sai Gole. The company has developed a technology solution that renders personalized agriculture and farming advisory to farmers through a paid subscription model.

Krishi Doctor, the company’s intelligent farm advisor has so far helped farmers receive over 40 percent increase in yield and significant reduction in management costs. “With the fresh infusion of funds, BharatAgri aims to reach five million farmers and provide them with meaningful solutions,” said Siddharth in a statement.

The day also saw Freshokartz, a Rajasthan based agritech startup announce that it has raised $1.4 million in Pre-Series A funding round from Rajasthan Venture Capital Fund (RVCF) and AWE (Achieving Women Equity) Funds. The firm intends to utilize the fresh funds to finance its rapid technology rollout while scaling its operations across Rajasthan and other nearby states like Haryana, Madhya Pradesh, Uttar Pradesh, and other northern states of India.

Founded in 2016, Freshokartz is developing a hybrid model for pre and post harvest advisory service for farmers. Speaking about the impact of the investment Chandrakanta, Co-founder said, “We are especially delighted with the powerful combination of our two investors who bring significant synergistic value to our company in helping us develop our organization with more than just capital.

The vast experiences of the two teams, their associated networks and their focus on not only commercial returns but also a genuine interest in improvement in lives of farmers, especially women farmers, has made this a very valuable partnership.”