Agritech startup Fasal has raised $4 million in a pre-Series A round led by 3one4 Capital along with exciting investors Omnivore and Wavemaker Partners. Genting Ventures, The Yield Lab Asia-Pacific, Antares Investments, and Sandeep Singhal of Nexus also participated in the round.
The Bengaluru-based company will use the funds to expand their business across India and SEA, strengthen their services, and boost hiring for sales and marketing, agronomy and technology teams.
Founded in 2018 by Shailendra Tiwari and Ananda Verma, Fasal is a full stack platform for horticulture anchored on an IoT-SaaS platform that provides farm level, crop specific and crop stage specific actionable intelligence to optimise cultivation costs, increase yield and the quality of the yield.
According to the company’s website, it has helped save more than 9 billion litres of water from irrigation, reduced pesticide expenditure by around 60%, and increased yields over 40,000 acres of farmland to date.
