Agri-tech startup KrishiHub raises seed funding from IIT Kanpur INVENT Accelerator, others

Bengaluru based agri-tech startup KrishiHub has raised seed funding from IIT-Kanpur INVENT accelerator and Villgro Innovation Fund. The current funding round also saw participation from a few angel investors and HNIs, however, the investment amount was undisclosed.

With this investment, KrishiHub plans to expand its operations aggressively across Delhi-NCR, add more businesses to its customer portfolio and increase its farmer base in more states.

Krishihub was founded in 2016 by Bhoopendra Kumar and Jyotiska Khasnabish. Bhoopendra, CEO, is an alumnus of IIT Guwahati and has more than 6 years of industry experience across MNCs and startups such as Taxi For Sure, HP Enterprise, DataWeave etc. Jyotiska, CTO, is an alumnus of IIIT Bangalore and has more than 4 years of experience in research and product development across MNCs, startups and research institutes like GSN Games, DataWeave, Univ of Illinois etc.

With the implication of technology, design, and data science, KrishiHub is building an agricultural ecosystem for Indian farmers. Through a demand-driven platform, KrishiHub delivers fresh vegetables to businesses like restaurants, hotels, canteens, hostels, government institutes, cafeterias etc.

Also Read: Agritech startup Farm Taaza raises Series A funding led by Epsilon Venture Partners

KrishiHub procures vegetables from 200+ farmers across many districts in Uttar Pradesh (Hapur, Agra, Ghaziabad, Noida, Meerut etc.). The company has completed more than 7500 transactions so far on the platform and delivered over 1500 tonnes of vegetables to 70+ businesses in Ghaziabad, Noida and Greater Noida.

“Our major target is to build the entire agricultural ecosystem with the inclusion of information and decision support systems for farmers on all agricultural needs. In the coming months, we are going to put more efforts on R&D to improve our technology platform. Soon we are planning to explore possibilities to start operations in Tier-2 cities and collaborate with state governments for better outreach and export Indian agri products to the rest of the world”, said KrishiHub CEO Bhoopendra.

The vision of the company is to empower farmers across the country by improving their socio-economic status and providing agri-inputs for better farming productivity.

Innovative Ventures and Technologies for Development (INVENT) is a joint collaboration of the Technology Development Board (TDB), Government of India and the Department for International Development (DFID), Government of the United Kingdom. Through INVENT program, SIDBI Innovation and Incubation Centre (SIIC) at IIT Kanpur aims to incubate 40 start-ups working in the social enterprise.

Also Read: Indian Government launches AGRI UDAAN accelerator programme for agriculture startups

Chennai-headquartered Villgro is a venture capital firm specialized in incubation, seed, and early-stage social startups. Founded in 2001, the firm seeks to incubate enterprises in four key sectors: healthcare, education, agri-business, and energy.