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Agri-tech startup Aqgromalin raises Rs 2 crore seed funding from global angel investors

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South India-based Aqgromalin, an agri-tech startup for farmers, in the present day mentioned in a press launch that it raised Rs 2 crore in funding from angel buyers collaborating from the Center East.

The corporate mentioned it dietary supplements the revenue of small landholding farmers by able to implement micro-farms primarily within the areas of animal husbandry and aquaculture (fish farming).

The corporate mentioned it might make the most of the capital in establishing 500 micro-farms within the states of Tamil Nadu, Telangana, and Andhra Pradesh.

Talking concerning the funding, Prasanna Manogaran and Bharani C L, co-founders of Aqgromalin mentioned in a joint assertion, “We’re delighted that the buyers have seen enormous development potential in our startup. Our firm plans to make the most of these funds in enhancing and accelerating the implementation of micro-farms that’s going to uplift the residing of the farmers. Moreover, our plans to strengthen the expertise backed platform will drive the enterprise ahead within the area of agri-tech.”

Parthiban Mohanasundaram, an investor, mentioned, “I imagine the enterprise mannequin of Aqgromalin can turn into viral very quick and it has scalability the world over. The quantity of groundwork and the hands-on strategy of the workforce has given us immense confidence to take a position.”

Aqgromalin mentioned it offers farmers entry to coaching for the cultivation of crops, makes farmers conscious of widespread illnesses, and equips them with skilled abilities to troubleshoot and improve yield.

The corporate has additionally designed an elective purchase coverage for the farmers at a good market worth. Furthermore, it mentioned that it really works carefully with monetary establishments to help farmers and enhance their accessibility to a proper credit score system to cut back the burden of curiosity on them.

Aqgromalin was began in 2019 and is current in Tamil Nadu, Andhra Pradesh, and Telangana. The corporate mentioned it has been related to SERP (Society for Elimination of Rural Poverty), Govt of Telangana, TANUVAS (Tamil Nadu Veterinary and Animal Sciences College), Tamil Nadu, ICAR-CIBA (Central Institute of Brackish Aquaculture).

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