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Humus raises capital from Venture Catalysts and fund 9Unicorns

Humus, an agricultural technology startup focussed on addressing fresh produce supply chains, has raised capital from Venture Catalysts and its accelerator fund 9Unicorns.

We Founders Circle, an angel investment network co-founded by Neeraj Tyagi, a managing partner at Venture Catalysts, also invested in Humus, the startup said in a statement.

It did not disclose the amount it has raised.

The Bengaluru-based company, set up last year by Manjunatha TN and Shilpa Gopalaiah, aims to create a reliable and cost-effective logistics solution while cutting out mediators involved in supply chain processes.

Humus says that it directly sources fresh produce from farmers and focuses on aspects such as crop inputs and accurate procurement of end products for retailers in Tier-II and Tier-III cities.

Its plans include adopting sustainable practices such as a shift from chemical to natural and organic farming, focusing on eliminating the price difference between crop yields produced by the two methods.

Source
VCCircle

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