Monthly Archives

June 2018

A weatherman takes a long, hard look at his life’s work

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A weatherman takes a long, hard look at his life’s work

Fifteen years back, Jatin Singh started a company called Skymet Weather Services. With the belief that Indians need a better and more accurate understanding of the weather. Not just day-to-day, but about the monsoon—the lifeblood of the economy. Through all these years, Skymet and Singh have endured a lot. Grown. Raised money. Added people. Thought of different ways of survival. But now, the weatherman is a little pissed. He is also helplessly hopeful

Indigo Ag Makes Bid to Become Agtech Marketplace, Launches Ag Data Platform

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Indigo Ag Makes Bid to Become Agtech Marketplace, Launches Ag Data Platform

Indigo Agriculture, the agtech startup best known for plant microbiome technology — and raising a cool $403 million in four years — is making a bid to become an agtech product distributor and digital platform.

Indigo manufactures cotton, corn, wheat, soybean and rice seeds coated in a casing of beneficial microbes to help withstand stressors such as heat and drought and use fewer chemicals. The company buys that crop back from farmers for a premium based on its sustainability credentials.

But the company is expanding its offering into new domains, and at the end of the year it is launching Indigo Insight, a digital product offering precision agriculture decision support for agronomists and advisors, Barry Knight, Indigo’s head of commercial operations for North America, and head of the Indigo Research Partners Program, revealed to AgFunderNews.

Investors becoming more receptive to agri-tech-startups: Omnivore founders

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Investors becoming more receptive to agri-tech-startups: Omnivore founders

Impact investor Omnivore(earlier Omnivore Partners) is in the midst of an active year: it marked the first close of its second venture capital fund- Omnivore Partners India Fund II- at $46 million (Rs 296 crore), and it invested in two companies from the fund early this year- agri-analytics startup AgNext and milk delivery startup Doodhwala.

Organic, Ready-to-Cook Food Company YCook Nets $5M Series B

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Organic, Ready-to-Cook Food Company YCook Nets $5M Series B

A trio of investors – venture capital firm 021 Capital, Netherlands-based impact fund Oikocredit, and existing backer Omnivore – have funded a $5 million Series B round for Bengaluru, India -based YCook, a startup that provides range of snacks and ingredients that are boiled naturally without any additives or preservatives and can be stored at room temperature without refrigeration for up to one year.

YCook’s product line of vegetables, fruits and lentils are marketed under the brand name Ta-daa and is currently available across India and in nine other countries. YCook will use the additional financing to continue expanding its reach, accelerate product growth and innovation, and invest in marketing.