CropIn Technology Solutions Pvt. Ltd., a Bengaluru, India-based agriculture technology startup, raised INR 58 crores ($8m) in Series B financing.
Backers included Chiratae Ventures (formerly IDG Ventures India) and the Bill & Melinda Gates Foundation Strategic Investment Fund.
The company intends to use the funds to scale its smart farm technology platform in India and globally to expand its reach from 3 million acres across 2 million farmers to more than 10 million actively monitored acres across 7 million farmers, and to further develop its machine-learning-based ‘SmartRisk’ platform.
Co-founded by Krishna Kumar, Kunal Prasad and Chittaranjan Jena, CropIn provides SmartFarm, a ground-to-cloud technology platform for farm management, which is deployed across agribusinesses’ own field agents allowing for business-to-business-to-farmer plot-level farm management.
The company has 180+ customers (including large global agribusinesses, banks, government bodies and development agencies) across 29 countries.
With this investment, CropIn has raised a total funding of $12m.