Unnati raises $1.7 mn from Nabventures Fund

Ag-tech start-up Unnati has elevated $1.seven million in pre-series A funding from Nabventures Fund, the business explained on Monday.

The start-up programs to use the cash to scale up its tech system and raise its geographical and crop footprint by placing up more partner suppliers, explained co-founder Ashok Prasad, in a statement.

Unnati has a strong community of partner suppliers for selling agri-inputs and getting generate in Japanese, Central and Western India. Besides offering competitively-priced inputs to farmers, Unnati employs its get to to allow farmers to get remunerative rates for their generate by enabling them to entry improved marketplaces in a fair and clear fashion. It also offers money companies to the farmer other than place-of-invest in farm advisories.

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“Unnati has produced a system to digitalise the big elements in the food and agribusiness price chain. The predictive abilities of the details captured by the system boosts efficiencies though its clear procedures help in setting up have confidence in amid farmers and FPOs.” explained GR Chintala, Chairman, NABARD and NABVENTURES.

“The Unnati workforce is fixing some of the crucial troubles faced by farmers like deficiency of entry to good quality inputs at clear rates and deficiency of last-mile industry linkage to promote generate at competitive rates. The amalgamation of a fintech layer has resulted in customer stickiness. We value the agri enter selling and industry linkage proposition of the Unnati system and are pleased to help it on its onwards and upwards journey,” explained Manikumar S, Main Operating Offier, Nabventures.

Unnati has previously received funding from angel buyers, which include Vijay Shekhar Sharma (Paytm), KRS Jamwal, latest and former Paytm senior executives Vikas Garg, Shankar Nath, Renu Satti, Gemba Funds, and Ajay Lakhotia. The latest expenditure transaction has also been supported by Sumeet Seraf who acted as advisor for the transaction, the business explained.