CropIn raises $8 million to accelerate its global vision of maximizing per acre value

23.11.2018

CropIn Technology Solutions Pvt. Ltd., an agriculture technology startup, has raised INR 58 crores ($8 million) in a Series B financing from Chiratae Ventures (formerly IDG Ventures India) and the Bill & Melinda Gates Foundation Strategic Investment Fund (London and Seattle).

CropIn webThe financing will scale CropIn’s SmartFarm technology platform in India and globally to expand its reach from three million acres across two million farmers to more than 10 million actively monitored acres across seven million farmers. With this capital infusion and its increasingly rich data-set, the company will further develop its machine-learning-based SmartRisk platform to achieve unprecedented levels of plot-level crop detection and yield prediction.

Headquartered in Bengaluru with 180-plus customers across 29 countries, CropIn enables businesses in the agriculture-ecosystem to adopt a data-driven approach through its ground-to-cloud technology platform. Through its product platform, CropIn addresses a global market of digital-based agriculture services that is estimated to hit $4.5 billion by 2020.

With this investment, CropIn has raised a total funding of $12 million from investors including Singapore-based venture capital firm Beenext.

More information:
www.cropin.com

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