Agritech startup Eeki Foods brings $6.5 million up in Series A round drove by General Catalyst.
Abhay Singh, prime supporter and CEO, Eeki Foods expresses that the startup intends to involve the venture to extend the group, developing the innovation and enlarging the association scale. The startup is hoping to fashion organizations with corporates, HNIs, and other retail ranchers in Rajasthan, Delhi-NCR, and Maharashtra to spread its impression the nation over.
Series A round additionally seen cooperation from a lot of different financial backers like Avaana Capital; Better Capital; Irving Fain, CEO and organizer of Bowery Farming (a GC portfolio organization with $2.3B in valuation); Subbu Palaniappan, chief and head of Amazon Prime India; Srinivas Narayanan, previous VP-designing at Facebook; Akhil Gupta, and Amit Kumar Agarwal, fellow benefactors of NoBroker.com.
Set up in 2018 by Abhay Singh and Amit Kumar, Eeki Foods plans to construct enormous scope developing chambers, which will develop buildup free, new and healthy Indian staple veggies utilizing IoT (Internet of Things) component.
The organization asserts that its IoT instrument supports 300 % more successful utilization of fruitless land at half of the developing expense , utilizing 80%less water. The organization’s innovation empowers the ranchers to develop veggies over time, regardless of the environment.
Source URL: https://startupstorymedia.com/agritech-startup-eeki-foods-raises-6-5-million-in-series-a-funding-led-by-general-catalyst/