CIOLook’s Post

Deeptech startup Ecozen has raised $30 Mn (around INR 249 Cr) in a mix of equity and debt funding 👇 The startup plans to use the fresh capital for product development and innovation. Founded by Devendra Gupta, Prateek Singhal and Vivek Pandey, Ecozen offers solar-powered systems to small and marginal farmers. The startup claims that two of its products – Ecotron and Ecofrost – have transformed the agricultural irrigation and cold chain industries, respectively. Ecozen claims to have grown 5X over the last two years with profits growing 3X as well. It expects to double the revenue in the current fiscal year. #startup #fundraising #growth

A $1.2 million seed funding round was completed by the producer of trenching, grass, and construction machines Autocracy Machinery Pvt Ltd. The company intends to use the funds raised to increase the scope of its domestic and international distribution network, make research and development (R&D) investments, and create a cutting-edge industrial facility to improve and expedite manufacturing. The round was led by the Indian early-stage investment company Venture Catalysts. Individual investors joined HEM Angels, Grid.vc, and S Four in the round as well as Polycab India Limited's Nikhil Jaisinghani & Bharat Jaisinghani, IndiQube's Meghna Agarwal, Seeders' Abhishek Rungta, upGrad's Srikanth Iyengar and Stanford Seed Network's Abhishek Modi. Autocracy Machinery Private Limited (Autocracy), founded in 2020 by IITian Santhoshi Buddhiraju and serial entrepreneur Vallakati Laxman, specialises in cutting-edge machinery solutions for industries like agriculture, telecommunications, landscaping, irrigation, civil engineering and infrastructure development. The startup claims that its machinery is three times more efficient and reasonably priced to ensure accessibility for both farmers and contractors, harnessing technology for increased efficiency. Autocracy said that their goal is to redefine heavy-duty precision engineering using effective, locally designed and reasonably priced gear in order to support India's "Make in India" and "Make for the World" missions. Trenchers, lawn mowers, and adaptable host-vehicle independent attachments are among the startup's product offerings. It has worked with a variety of clients over the last 18 months, including large industrial companies like Sterlite and L&T as well as small-scale farmers and contractors. Over the previous few years, its revenue has increased threefold, and by the fiscal year 2025, it hopes to reach revenues of Rs 60 crore. #funding #fundraising #fundingnews #businessnews #startups #Autocracy #startupindia #thestartuptrends

(NEW POST) Identifying viable pre-seed funding sources in the agritech startup space is a crucial first step in building your startup. Agritech or agricultural technology is the technique of leveraging technology to produce more food with fewer resources. If you’ve been developing concepts in the agrotech space, know that this is the opportune time for a startup. Experts estimate that the worldwide agritech market to grow at a CAGR of 12.14% from 2021 through 2027. The market size will be valued at $21,879M in 2021 and will likely reach $43,500M by 2027. By 2032, the market will touch the $75872.5M mark. #entrepreneurs #entrepreneurship #entrepreneur #business #success #venture #venturecapital #investment #invest #investors #tech #technology #innovation #leanstartup #leanstartups #inspiration #startup #startups https://lnkd.in/e2R-jjVp

FSG's new report, `India’s Unfolding Agri-Tech Story: Updates and Emerging Themes in India’s Agricultural Technology Sector’, unpacks the changing dynamics in the county’s agri-tech sector. Keep an eye out for the complete report. We’ll share it here soon! https://lnkd.in/drsxUwsH #agritech #agriculture #farming #sustainableagriculture #sustainablefarming #climatesmartagriculture #sustainability #climatetech #climatesolutions #climateadaptation #climatresilience #startups #farmers

New accelerator program GRDC GroundUp aimed at accelerating technologies to benefit Australia's grains sector #startups #startupnews #scaleups #scaleupnews #accelerator #acceleratorprogram #agtech #technology #tech #agriculture Agtech and Logistics Hub Grains Research and Development Corporation #GroundUp #innovation

(NEW POST) Securing early-stage funding for startups in the agritech space is steadily becoming streamlined as agriculture undergoes radical transformations. The sector is witnessing a shift toward sustainable techniques for producing food and serving the ever-burgeoning human population. Moving forward, experts estimate that the agritech market will grow at a compound annual growth rate (CAGR) of 12.33%. The time frame for this growth is 2022 to 2028, and the industry will touch $49,211.55M in 2028. By 2032, this figure is expected to cross $75,872.5M. If you’re considering building an agritech startup in 2024, this year is an excellent time to pitch for funding, expertise, and know-how. You’ll address the need for technology in the agricultural sector by providing innovative solutions. Read ahead for an overview of how to make that happen. #entrepreneurs #entrepreneurship #entrepreneur #business #success #venture #venturecapital #investment #invest #investors #tech #technology #innovation #leanstartup #leanstartups #inspiration #startup #startups https://lnkd.in/ecnyXSBq

Interesting development. I wonder if this will spawn a move towards global operations? If so, we'd be there to assist. #technology #future #startups #economy #sustainability #business #smallbusiness #socialentrepreneurs #strategy #networking #innovation #agribusiness #agritech #UNFAO #foodsecurity #kalera #lactucaholdings https://lnkd.in/edxte9wC

Not only are startups and scale-ups, but also established companies in #technology and #greenhouse construction and even nurseries, are increasingly receiving funding from investors who see merit in their company or product. #FarmsCloseBy #DefineLocal #hyperlocal #local #franchise #franchiseopportunity #EndAlz #VC #invest #investment #investor #hydrogen

Smart Watering is a Serbian #agtech #startup on its way to global expansion 🌎 👉 Lazar Jovanovic, startup founder and CEO shares insights on company development, challenges, successes, and future plans, in an interesting conversation we had a couple of months ago. We're sharing Lazar's story, and we hope you'll be inspired and motivated to work even harder on developing your businesses 😊 ------ Swiss EP is financed by SECO Economic Cooperation and Development #startups #entrepreneurship #entrepeneurlife #businessdevelopment