your password has been reset successfully, Please login again.

Info Edge invests $1 million in agri-tech startup Gramophone

Agri-tech startup Gramophone raises $1 million funding in pre-Series A round led by Info Edge.
BY BEx Bureau
BusinessEx
Mar 07, 2018

The Indian digital agriculture services market is expected to reach $4.55 billion by 2020, as per Accenture report. In this space, the recent development is that an Indore-based agri-tech startup Gramophones has raised $1 million funding in pre-Series A round led by Info Edge which operates several portals like 99acres, Naukri, Jeevansathi, etc.

The company Info Edge will have 35 per cent stake in the startup after this investment as per companys stock exchange filings.

In 2016, the agri-tech startup Gramophone was founded by Nishant Vats and Tauseef Khan. The startup offers inputs through its platform to farmers throughout the cropping cycle. The startup plans to use the raised funding to expand its customer base to 1 million farmers within a year and also plans to improve its product offering.

Khan said, Gramophones Agronomic Intelligence provides the best farm management solutions to farmers by leveraging the power of image recognition, soil science, smart crop selection, and personalised information-led cropping system.

Kitty Agarwal, from Info Edge, said, We have invested in Gramophone because it has a great team working on an innovative concept. They are solving problems of real India by helping farmers in improving their livelihoods and awareness. Rural India is the next frontier of the internet where the impact can be tremendous.

Last year, the startup also raised $1.5 million funding from a clutch of angel investors.

Please add your Comment
SIMILAR News
March 22, 2019
After the fresh funding round, Bjyu, the private education technology company, has become the fourth ...More
By Jaspreet Kaur
March 22, 2019
Through the current pricing, the company anticipates to garner capital up to INR 25,000 crore ...More
By Jaspreet Kaur
March 13, 2019
The decision has been taken considering the succession planning idea and owing to which, Rahul Bajaj ...More
By Jaspreet Kaur
March 08, 2019
Suven Life said that the company would be procuring assets through its partnered company, Shore Suve ...More
By Jaspreet Kaur
February 26, 2019
Gautam Thapar, leading CG Power and Industrial solutions, was in talks of selling stakes in the orga ...More
By Jaspreet Kaur
February 21, 2019
DCC, on Thursday, held a meeting to discuss the revival plan of BSNL and MTNL. ...More
By Jaspreet Kaur
February 20, 2019
Government has launched the second report of states’ ranking 2019 as per the decided framework. ...More
By Jaspreet Kaur
February 19, 2019
Union minister, Suresh Prabhu informs that the ministry has altered the definition of startups. ...More
By Jaspreet Kaur
February 15, 2019
Stocks of Bharti Infratel are trading high in afternoon NSE index. ...More
By Jaspreet Kaur
February 14, 2019
On Thursday, Nikkei slashed 0.02 per cent at 21,139.71. ...More
By Jaspreet Kaur
February 13, 2019
Ramapai is a veteran in the industry and carries up to 24 years of experience. ...More
By Jaspreet Kaur
February 11, 2019
German bank and financial services company, Deutsche bank makes the largest infusion in the country ...More
By Jaspreet Kaur