Cropin, a leading agritech company has secured Rs 113 crore in fresh round funding led by Google and JSR Corporation in participation from its existing investors including ABC Impact and Chiratae Ventures.
“The funds will aid in expanding Cropin Cloud, the company’s recently launched intelligent agriculture cloud platform, to cater to the growing demand for digitization and predictive intelligence in the global agriculture sector,” the statement said.
“With the support of this funding round, Cropin will be able to further invest in its go-to-market efforts and expand the platform’s capabilities, including developing next-generation predictive intelligence solutions through Cropin AI Labs,” it added.
Cropin further plans to expand its business presence in new regions and industries, focusing on creating solutions that promote sustainable agriculture practices and address global food security challenges on a large scale
Commenting on the investment, Krishna Kumar, Co-Founder & CEO, of Cropin said, “Since its founding in 2010, Cropin has been dedicated to improving the intelligence of food production and maximizing value for all stakeholders in the agricultural ecosystem. By making farms and harvests traceable, predictable, and sustainable, Cropin aims to transform how food is grown.”
“The involvement of new strategic investors like Google and JSR Corporation, and the support of our existing investors, demonstrates confidence in our mission and impact. We are excited to partner with global technology innovators like Google. This further validates our capabilities and solidifies our position as a leader in the digitalization of global agriculture,” Kumar added.
Speaking about the funding round, Sugandhi Matta, Chief Impact Officer at ABC Impact, said, “We are pleased that Cropin’s efforts to address global food challenges through technology continue to gain traction. Our continued support alongside these investors underscores the commitment and dedication of the Cropin team to delivering impactful outcomes through their work.”
Further talking about the funding, Sudhir Sethi, Founder, and Chairman of Chiratae Ventures India Advisors, said, “I am a firm believer in technology start-ups defining new business and revenue models, innovating new products, pioneering cutting edge technology developments, and discovering new markets for growth. Cropin has always embodied these values, and they are poised to be the largest Agritech company globally with its cloud-based, SaaS business model. This investment underlines our strong belief in their growth and the impact they deliver to co-create a truly sustainable global agri-food ecosystem.”