Nabventures is anchored by Nabard (National Bank for Agriculture and Rural Development). It has different buyers as nicely. The startup will primarily use the funding to gas its native and international enlargement.
“We plan to use the funding to expand our operations across India, reaching lakhs of farmers and helping them realise increased profitability and sustainability via improved soil health,” stated Sandeep Kondaji, co-founder & CEO of Krishitantra. The startup additionally plans to enter choose southeast Asian nations within the close to future.
Hyderabad primarily based Krishitantra was co-founded in 2017 by Sandeep Kondaji, Vishnuprasada Bhat, and Anand Bellan Raman. The startup offers speedy IoT-based soil testing and soil diet advisory options to farmers, Farmer Producer Organizations (FPOs), and agribusiness stakeholders. It goals to optimize fertilizer utility for farmers, growing crop yields, lowering the price of cultivation, and bettering soil well being.
Nabventures will help Krishitantra speed up the unfold of its soil testing know-how by connecting them with their community of FPOs and leveraging Nabard’s pan-India presence, stated the fund’s VP Gills John.
According to Omnivore principal Abhilash Sethi: “Indian farmers are at present unable to precisely check their soil and because of this, fail to make use of fertilizers in an optimum method. Omnivore is investing in Krishitantra to democratize precision soil testing and soil diet advisory for farmers throughout India.”