Home / Business and Economy / AgroStar Secures $30M for AgTech Innovation
AgroStar Secures $30M for AgTech Innovation
20 Nov
Summary
- Agritech firm AgroStar raised $30 million led by Just Climate.
- Funds will fuel omnichannel expansion and AI development.
- AgroStar serves over 10 million farmers via digital platforms.
Agritech innovator AgroStar has successfully raised $30 million in a new funding round, with Just Climate leading the investment. The infusion of capital is earmarked for expanding the company's omnichannel presence, pioneering new product developments, and bolstering its artificial intelligence infrastructure.
Founded in 2013 and based in Pune, AgroStar leverages technology to deliver quality agri-inputs and vital farming knowledge to Indian farmers. The company has already established a significant reach, connecting with over 10 million farmers through a vast network of retail stores and its digital platform.
This latest funding signifies a commitment to addressing critical challenges in Indian agriculture, such as climate variability and soil degradation. AgroStar's expansion efforts are crucial for supporting the livelihoods of countless farmers across approximately 11 states.
