AgroStar, which is a Pune based agro-tech startup has now secured $27 Million in the funding round of Series C to strengthen its technology platform.
The round was led by the Accel, Avishkar Bharat Fund, Chirate Ventures, and Bertelsmann India.
“We intend to invest more in data science and strengthen our technology capabilities so that we can provide better real-time and relevant information to more farmers in the country,” said Shardul Sheth, chief executive officer of AgroStar, which started operations in 2013.
The company is also looking to expand its leadership team by bringing the top executives to lead some of the various verticals like agriculture, data, and technology.
“We have achieved more than a million downloads and wish to scale it up to 10 million beneficiaries within the next two to three years,” said Sheth. The company claims to have about 400,000 monthly active users at present.
AgroStar is a platform which uses the farmer specific area to provide with the real-time solution to reduce the cost of production for farmers and improve the yields.
Picture Credits: AgroStar