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We Founder Circle (WFC) on Monday said, “It has successfully participated in three agri-tech startups with a total investment worth of $2.5 Million.”
“While We Founder Circle has been the facilitator of the rounds, it has also invested a combined of USD 282K,” WFC said.
The Agro tech portfolio startups includes – Anveshan, the organic food startup with traciblity tech; Humus, India’s biggest fresh farm to kitchen retail brand; Hesa, rural distribution using phygital model & last mile connect to villages to buy and sell.
Speaking on the funding, Neeraj Tyagi- Co-Founder & CEO, We Founder Circle said, “Agritech industry holds immense potential without a doubt. With the growing adoption of internet, digitalization and the fact that agricultural economy in rural India cuts a thicker slice of the overall countries growth, one can easily say that if a model gains acceptance in this sector then there is no stopping for it.”
“The market reports too suggest that the industry can grow to USD 24.1 bn in 5 years. In a short span we have already invested in 3 Agritech startup, and are looking forward to making 4 more investments this calendar year in the vertical,” Tyagi added.