Unnati Agri, an agriculture supply chain and financial services startup has entered into a strategic partnership with IPL Biologicals to focus on climate-ready products. As a part of the strategic tie-up, it has also raised Rs 28.5 crore led by the family office of IPL Biologicals, a bio-product agri firm. Other existing investors, including Incofin Investment Management, Nabventure, and Orios, have also participated in the round.

Ashok Prasad, Co-Founder of Unnati Agri, said, “After bolstering our tech infrastructure and growing its uStore network, we are set to expand our sustainable product portfolio across India. Through this partnership with IPL Biologicals, we will be able to help farmers adopt better and more sustainable farming practices backed by a range of the latest bio-products.”

Unnati aims to grow stronger by expanding its network to reach more farmers as it targets to serve 5 million farmers. The startup already serves more than 1.2 million farmers through its network of more than 75,000 'uStores'. Currently, the focus is on expanding the full suite of services across the supply chain and financial services for all the stakeholders in the agriculture ecosystem.