Bengaluru based agritech platform Fasal raises $4 million

• ByTejika Bajaj     |    November 23, 2021

Bengaluru based precision agriculture startup Fasal announced that it has raised $4 million in its pre-series A round of funding led by 3one4 Capital with participation from existing investors Wavemaker Partners and Omnivore. The round also saw participation from investors like Genting Ventures, The Yield Lab Asia- Pacific, Antares Investments and Sandeep Singhal of Nexus.

The company intends to utilize the freshly infused funds for expanding the existing business across India and Southeast Asia, strengthening full stack services and to ramp up hiring for sales and marketing, agronomy and technology teams.

Founded in 2018 by Ananda Verma and Shailendra Tiwari, Fasal is an AI-powered IoT SaaS platform for horticulture. The company relies on the on-farm sensors and scientific algorithms to deliver farm and crop-specific actionable insights to farmers in vernacular languages. The platform is currently working on introducing a range of new services including fruits and vegetable market linkages and crop insurance.

Talking about the company and its vision, the Co-founder of Fasal, Ananda Verma said, “As government policies are evolving to support more robust and open supply chains, there has never been a bigger incentive for horticulture farmers to grow more and grow better. Fasal’s full-stack offering will fuel a rapid transition of Indian horticulture farming from gut-based legacy operations into knowledge-led profitable businesses.”

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