Chennai: With angel and pre-series A funding scene reaching pre-hype days in 2014, one emerging sector that has of late seen interest from investors and government, is Agritech. The sector saw close to $45.9 million in 19 rounds in 2017, shows data from Tracxn. Investments in the sector have picked up after the fall in 2015, where $6.6 million was pumped in, even as general investments hit a record high.
Entrepreneurs add that Indian investors have been mirroring the global investment sentiments. Post Softbank putting in $200 million in Indoor farms — a vertical farming startup, agri-tech startups serving the supply chain segment in the farm or dairy sector have been receiving funds.
"Eighteen months ago, mainstream partners were not interested to fund in our company. Now, we have Matrix Partners, Rajan Anandan from Google investing in agri-tech companies. Besides, we are also in talks with the Government of France to partner with them," said Ranjith Mukundan, co-founder, Stellapps Technologies....Read more
Source web page:Times of India