Bengaluru: Agritech startup Vegrow has today raised $2.5 million in seed funding led by Matrix Partners India and Ankur Capital with participation from Better Capital, Titan Capital as well as a clutch of angel investors including Sanjiv Rangrass, CEO of ITC’s agri-business division, Rohit MA, Founder of Cloud 9, and others.
Founded in April this year by Praneeth Kumar, Shobhit Jain, Mrudhukar Batchu and Kiran Naik, Vegrow aims to build the world’s biggest asset-light farm by partnering with small farms on a profit-sharing model.
Vegrow helps farmers increase their net earnings by leveraging technology across different stages of the farming cycle. The company helps them in crop planning, provide access to quality inputs, monitors their adherence to best practices and ultimately sells their harvest to the right set of buyers.
