Fodder ecosystem builder Cornext raises $2.2 Mn from Omnivore

Cornext, which is building a fodder ecosystem to support dairy cattle farmers, has raised $2.2 million in a seed round from Omnivore.

According to Cornext, the funds will be used to ramp up its yearly silage production to 1 million metric ton by 2026 and invest in R&D in baling technology. 

Founded in 2015 by Madhav Kshatriya and Feroz Ahmed, Cornext’s technology makes compact 50 kg silage bales, which are sold to dairy farmers through a network of village-level fodder entrepreneurs. 

So far, the startup has launched 400 fodder entrepreneurs across India and has begun exporting its silage baling machines across Asia, Africa, and Latin America. 

Hyderabad-based Cornext is serving as a member of the National Advisory Council of India’s Department of Animal Husbandry. In 2020, the startup received the national best startup award in agriculture-allied sectors from the government of India.

Its institutional clientele to date includes AMUL, SUMUL, BANAS, MILMA, KMF, and many other large dairies and cooperatives.