BharatRohan, a Gurugram, India-based agtech startup specializing in drone-based hyperspectral remote sensing, closed a $2.3m in pre-IPO funding.
Backers included Villgro Innovation Foundation, Caspian, RevX, and Venture Garage (with a group of Ultra High Net Worth Individuals as investors), marking a strategic combination of debt and equity financing.
Founded by Rishabh Choudhary and Amandeep Panwar in 2016, BharatRohan provides a system that identifies diseases, pests, and nutritional deficiencies in the early stages, enabling Integrated Pest Management (IPM) strategies for residue-free crop cultivation. The company empowers farmers with real-time, data-driven insights for informed decision-making, optimizing resource allocation, and enhancing crop resilience against unpredictable weather patterns. It currently supports 50,000 farmers covering 2,00,000 acres in 5 states with its advanced Drone-based Decision Support System (DSS) known as BharatRohan® CropAssure®.
The company intends to use the funds to develop proprietary edge computing drones specifically for precise crop monitoring and variable pesticide application. These drones will be made available to rural entrepreneurs through franchise-based models, enabling them to offer CropAssure® Services to farmers. Additionally, BharatRohan plans to design and develop compact hyperspectral & multispectral sensors for drones.
The company is poised to expand its operations and offerings in 15 Indian states, covering 10 lakh acres by 2025. While continuing to provide its drone-based crop monitoring Decision Support System (DSS), BharatRohan also ventured into procuring residue-free farm produce grown through Integrated Pest Management (IPM) practices implemented by farmers who utilize its BharatRohan CropAssure® Services. BharatRohan aims to introduce its pesticide residue-free farm produce to global consumers, thereby expanding its reach and impact on a global scale.
FinSMEs
07/05/2024