Hotline: 1800 102 2007
X
Loading
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
  • Furniture/Home Decor & Furnishing
    Veneta Cucine- No.1 modular kitchen brand in India inviting FranchiseesCC..
    Locations looking for expansion Karnataka
    Establishment year 1999
    Franchising Launch Date 2015
    Investment size Rs. 1 Cr. - 2 Cr
    Space required 2000 sq ft
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Bangalore Urban District Karnataka
  •   About Us        Gallantry Salon is world’s first army theme..
    Locations looking for expansion Delhi
    Establishment year 2016
    Franchising Launch Date 2018
    Investment size Rs. 10lac - 20lac
    Space required 100
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
  • Bakery & Confectionary
    we have started our brand in 2016 with 2 shops..
    Locations looking for expansion maharastra
    Establishment year 2016
    Franchising Launch Date 2016
    Investment size Rs. 5lac - 10lac
    Space required 100
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater pune maharastra
  • About:Crossbye Started one year back in 2016.Firm started by a team..
    Locations looking for expansion Chandigarh
    Establishment year 2016
    Franchising Launch Date 2017
    Investment size Rs. 30lac - 50lac
    Space required 800 - 1200 Sq.ft
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater chandigarh Chandigarh
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