Hotline: 1800 102 2007
X
Search Business Opportunities
Apr, 16 2018

Impact firm Omnivore leads Investment Round in agri-analytics startup AgNext

AgNext, focused on horticulture and plantation crops, collects spatial, temporal and spectral data to provide solutions across the agriculture and food value chain.

Chandigarh-based agri-analytics startup AgNext has raised the undisclosed sum in a round led by social impact firm Omnivore.

This is the second investment from the venture capital firm’s second fund, Omnivore Partners India Fund II. Samir Kumar, a high net worth individual from Singapore, also participated in this round.

As part of this funding, Subhadeep Sanyal, principal at Omnivore, will join AgNext’s board.

AgNext, focused on horticulture and plantation crops, collects spatial, temporal and spectral data to provide solutions across the agriculture and food value chain. Its digital platform aims to improve the productivity and profitability of growers and food processors.

AgNext Technologies Pvt. Ltd (legal name of AgNext) was founded by Taranjeet Singh Bhamra, Mrigank Sharad and Deepak Jaiswal in 2016. All three co-founders are graduates from IIT-Kharagpur in agricultural and food engineering. Previously, Bhamra was with ITC Foods, Alshaya, and KPMG. Sharad is currently associated with IIT-Kharagpur as an assistant professor. Jaiswal did a PhD in agricultural and biological engineering from Penn State University, US, and conducted research in crop growth modelling at the University of Illinois at Urbana-Champaign, US, and the State University of Campinas, Brazil.

The agri-analytics startup, which was incubated at IIT-Kharagpur, received seed funds and acceleration from a-IDEA, managed by National Academy of Agricultural Research Management in Hyderabad. It has also received multiple innovation awards, including best product (TiEcon), best innovation (Confederation of Indian Industry), and the Karnataka Grand Challenge.

Comment
Related opportunities
  • Cosmetics & Beauty Product Stores
    About Us: Vega Industries Private Limited, Launched in 2000, formerly known..
    Locations looking for expansion New Delhi
    Establishment year 2001
    Franchising Launch Date 2018
    Investment size Rs. 10lac - 20lac
    Space required 50
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Delhi New Delhi
  • Competitive Exam Coaching Institute
    About Us: CAD DESK is a leading training network of India..
    Locations looking for expansion Delhi
    Establishment year 2007
    Franchising Launch Date 2007
    Investment size Rs. 10lac - 20lac
    Space required 700
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
  • Aviation & Hospitality Training Institute
    About Us:  Young chef India schools is a concept floated by..
    Locations looking for expansion West Bengal
    Establishment year 1994
    Franchising Launch Date 2018
    Investment size Rs. 20lac - 30lac
    Space required 1100
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Kolkata West Bengal
  • Degree/Diploma Colleges
    About Us: Instituto Hispania was incepted to remove language barriers, promote..
    Locations looking for expansion Delhi
    Establishment year 1997
    Franchising Launch Date 2009
    Investment size Rs. 10lac - 20lac
    Space required 1300
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
Insta-Subscribe to
The Franchising World
Magazine
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities