Agritech startup Eeki Foods has raised $6.5 million led by General Catalyst. Avaana Capital, Better Capital, Irving Fain, CEO and Founder of Bowery Farming, Subbu Palaniappan, Director & Head of Amazon Prime India, Srinivas Narayanan, former VP Engg at Facebook, Akhil Gupta, and Amit Kumar Agarwal, Co-founders of NoBroker.com also participated in the Series A funding round.
The fresh funds will be used to scale Eeki to hundreds of acres. This coming year, we will focus on building the team, technology and organisational scale to make this growth a reality, the company said in a press release.
Founded in 2018, Eeki Foods enables the farm’s climate to be controlled, allowing vegetables to be grown all year without being affected by seasonal variations, the company said.
With farms in Rangpur, Bhilwara, Talera, Nanta and Panipat, Eeki foods aims to minimise price fluctuations in the market related to staples like cucumber, chillies, and tomatoes.
Eeki farms claims that it provides 300% more yield on any barren or unused land at 50% of the growing cost using 80% less water.