In a pre-IPO round led by Villgro Innovation Foundation, Caspian, RevX, and Venture Garage, BharatRohan, an agtech company specializing in drone-based hyperspectral remote sensing, has raised $2.3 million.
The company stated in a press release that the money will be utilized to develop specialized edge computing drones for accurate crop monitoring and variable pesticide application. Through franchise-based business models, these drones will be made available to rural entrepreneurs.
The business also intends to design and create multispectral and compact hyperspectral sensors for drones.
Established in 2016 by Rishabh Choudhary and Amandeep Panwar, BharatRohan provides advanced drone-based decision support system (DSS) called BharatRohan CropAssure to 50,000 farmers across 2,00,000 acres in five states.
Through early disease, pest, and nutritional deficiency detection, this system facilitates residue-free crop cultivation through integrated pest management (IPM) techniques.
By 2025, BharatRohan intends to extend its services and operations over 10 lakh acres in 15 Indian states. It states that it has demonstrated growth, with profits up 200% and revenue up three times from the previous fiscal year.
