Add TechGraph on Google
India based agritech startup, Mooofarm has raised €500K in series pre-Seed round funding from Navus Ventures and Rockstart.
Moofarm in its statement said, “The company plans to use the funding to strengthen their product-market fit and hire key technology talent to launch new services to farmers.”
Speaking on the investment in Mooofarm, Mark Durno, Managing Partner, Rockstart AgriFood, said, “It’s our purpose at Rockstart to empower founders who are driving positive change. Therefore, we are delighted to co-invest with a trusted partner, Navus Ventures, and we are excited to continue to work alongside the MoooFarm team, who will help enable Indian dairy farmers to have better animal health and economic opportunities.”
“MoooFarm, with its developed platform, that can link all elements needed for optimized production of milk and dairy products, can make a huge contribution to improving the availability of high quality and affordable dairy products to sustain the growing worldwide demand. By proving support to MoooFarm, Navus Ventures is excited to be able to contribute to a sustainable and profitable future for Indian dairy farmers,” Eduard Meijer, Managing Director, Navus Ventures added.
Commenting on the Fundraise, Param Singh, Founder of MoooFarm, said “We are thrilled to have both Rockstart and Navus Ventures join MoooFarm in its pre-seed round. This funding will assist us in further strengthening our product-market fit and hire key technology talent to launch new services to our farmers. Both Navus Ventures with its close ties with Lely (farming innovator) and Rockstart will help us draw from their large pool of knowledge, networks, and experience in the agriculture and dairy sector. Together we are on our mission to make farmers prosperous.”