Agritech Startup UrbanKisaan Raises Funding Of Undisclosed Amount From BVC
- BySheetal Sidhu | July 13, 2021
Hyderabad-based agritech startup UrbanKisaan, specialising in hydroponic cultivation, on Tuesday said it raised undisclosed funding from BASF Venture Capital GmbH (BVC). According to an official statement, the startup is looking to expand its market presence in India and deploy its farming technology to work with thousands of farmers. UrbanKisaan is looking to expand its market presence across India and work with thousands of farmers.
Vihari Kanukollu, Co-founder and CEO, UrbanKisaan, said, “Our approach in hydroponics enables us to produce our food cost-effectively and with relatively little effort. Our produce also contributes towards sustainability as it is grown in clean, hygienic farms in and around the city, thus minimising the total carbon footprint. The use of IoT-enabled technology for monitoring the farms ensures pesticide-free produce. The growing demand from our customers shows that our idea is well-received.”
Markus Solibieda, Managing Director of BASF Venture Capital GmbH said that agritech is one of its key focus areas across the globe. In fact, it aims to support innovative agricultural and food-related businesses across Asia. “UrbanKisaan, as a pioneer in the hydroponics space, has developed a unique growing method and combines this with a compelling business model for sales. We look forward to learning more about hydroponic farming and exploring its potential through a close collaboration between UrbanKisaan and BASF’s agriculture experts,” Markus added.
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