We Founder Circle Invests In Three Agri-Tech Startups Deals Worth $2.5M
- ByStartupStory | July 12, 2021
We Founder Circle (WFC), Mumbai-based startup investment platform said the company had participated in three Agri-tech startup investment deals valued at $2.5 million.These Agri-tech portfolio startups include — Anveshan, an organic food startup with traceability tech; Humus, a farm to kitchen retail brand; and Hesa, a rural distribution startup that uses a physical model and last-mile connect to villages to buy and sell.However, We Founder Circle was the facilitator of the rounds, it also invested a combined amount of $282,000.
We Founder Circle was founded in Mumbai; it has invested in over 17 startups in a span of two quarters since inception in August 2020 — aims at making 40 startup investment deals by the end of fiscal 2021-22. It provides seed funding, business development, and global networking opportunities to startups as the company believes early-stage startups need a lot more than just financial support to become scalable and stable.It invests $100,000-$200,000 amount in early-stage startups that are fueled with ambition, sustainability, and strategic approach.
Speaking on the development, Neeraj Tyagi, Co-founder and CEO, We Founder Circle, said, “With the growing adoption of the internet, digitalization, and the fact that the agricultural economy in rural India cuts a thicker slice of the overall country’s growth, one can easily say that if a model gains acceptance in this sector, then there is no stopping for it.” Neeraj further added, “The market reports, too, suggest that the industry can grow to $24.1 billion in five years. In a short span, we have already invested in three Agri-tech startups, and are looking forward to making four more investments this calendar year in the vertical”.
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