Agritech startup Krishify said Tuesday it has raised an additional $3.5 million from investors to expand its business around the country.
In August last year, the company raised $2.7 million in a pre-Series A funding round led by Omidyar Network India, Ankur Capital and Orios Ventures.
The company in a statement said, “it closed $6.2 million in Pre-Series A funding with additional participation from agritech VC Omnivore fund, along with existing investors Ankur Capital. , Omidyar Network India and Orios Venture Partners.”
Gurugram-based Krishify, founded in 2019 by Indian Institute of Technology alumni Rajesh Ranjan, Manish Agrawal and Avinash Kumar, raised $2.7 million in August 2021 and ended closes the Pre-Series A round with an additional $3.5 million in funding.
“Krishify plans to use this round to drive growth across India and further refine the technology to enhance user experience in the agricultural sector. Krishify is also accelerating online monetization through services advertising, lead generation and marketing services to companies targeting rural consumers,” the statement said.
With over 6.5 million downloads and 1.3 million monthly active users, Krishify is the social network for farmers and rural communities.
On its platform, farmers, rural families, retailers, merchants and agribusiness companies can explore, interact and transact among themselves seamlessly.
Leveraging machine learning, Artificial Intelligence, and Natural Language Processing, Krishify’s app delivers a highly personalized experience for farming participants.