Bengaluru-based agritech startup KrishiHub has raised seed funding led by IIT Kanpur INVENT accelerator and Villgro Innovation Fund. The funding round also saw participation from few angel investors and HNIs, however, the quantum of investment was undisclosed.
KrishiHub plans to expand its operations aggressively across Delhi-NCR, add more businesses to its customer portfolio and increase its farmer base in more states.
Founded in 2016 by Bhoopendra Kumar and Jyotiska Khasnabish, AI-enabled KrishiHub is building an agricultural ecosystem with the implication of technology, design, and data science for Indian farmers. It delivers fresh vegetables to businesses like restaurants, hotels, canteens, hostels, government institutes, cafeterias etc.
KrishiHub procures vegetables from 200+ farmers across many districts in Uttar Pradesh (Hapur, Agra, Ghaziabad, Noida, Meerut etc.). The company has completed more than 7500 transactions so far on the platform and delivered over 1500 tonnes of vegetables to 70+ businesses in Ghaziabad, Noida and Greater Noida.
“Our major target is to build the entire agricultural ecosystem with the inclusion of information and decision support systems for farmers on all agricultural needs. In the coming months, we are going to put more efforts on R&D to improve our technology platform. Soon we are planning to explore possibilities to start operations in Tier-2 cities and collaborate with state governments for better outreach and export Indian agri products to the rest of the world”, said KrishiHub CEO Bhoopendra.
Innovative Ventures and Technologies for Development (INVENT) is a joint collaboration of the Technology Development Board (TDB), Government of India and the Department for International Development (DFID), Government of the United Kingdom. Through INVENT program, SIDBI Innovation and Incubation Centre (SIIC) at IIT Kanpur aims to incubate 40 start-ups working in the social enterprise.
Chennai-headquartered Villgro is a venture capital firm specialized in incubation, seed, and early-stage social startups. Founded in 2001, the firm seeks to incubate enterprises in four key sectors: healthcare, education, agri-business, and energy.