Harvesting Farmer Network, a Chandigarh, India-based provider of an agriculture technology platform, raised US$4M in funding.
The round was led by Social Capital.
The company intends to use the funds to reach the more than 120 million smallholder farmers across the country, as well as explore opportunities in rural markets to connect farmers in every single one of India’s 708 districts across the country.
Led by CEO Ruchit G Garg, Harvesting Farmer Network helps smallholder farmers in India to increase their income by empowering them with a collective bargaining platform. Through the platform, farmers are able to buy high-quality and affordable farm inputs, access financial services such as loans and insurance, as well as sell their crops to national and international customers – all luxuries typically only available to large-scale farms – enabling them to scale and grow their businesses. As of August 2022, more than 3.7 million farmers in India are connected with HFN over various digital platforms across every state in India, including farmers from far east areas like Nagaland to northern regions like Pulwama J&K as well as Kutch Gujarat.
FinSMEs
26/08/2022