AgNext Technologies, Chandigarh-based agritech startup, has raised a pre-Series A round of funding from Kalaari Capital to further expand its product portfolio and aid geographic expansion. Though, the quantum of funds raised was not disclosed, with this infusion, the startup has raised total funding of around $4 million over the last 12 months.
AgNext, which is a portfolio firm of impact venture capital fund Omnivore, is an agricultural sensing solutions startup that collects spatial, temporal and spectral data across the agricultural and food value chain. It helps growers and food processors to improve their productivity, quality and profitability.
AgNext has developed an integrated digital platform through which growers and downstream players (food processors, aggregators, commodity traders) can improve their quality, build traceability, and link payments seamlessly. It is currently focussed on horticultural, floricultural, and plantation crops, as well as select row crops, with an initial customer base across India and strong inbound interest from other geographies.