Vegrow is a tech platform partnering with farmers, aggregating supply and selling to organised demand through partnership.
Basic Information
Vegrow is a Bengaluru-based agritech startup focussed on aggregating small farms. Founded by four IITians Praneeth Kumar, Shobhit Jain, Mrudhukar Batchu, and Kiran Naik, Vegrow is building an asset-light farm by partnering with small farms on a profit-sharing model. It increases the net earnings of partner farmers by leveraging technology across different stages of the farming cycle – it helps in crop planning, gives them access to quality inputs, monitors their adherence to practices, and ultimately sells their harvest to the right set of buyers. They are partnering with farmers and building value chains for identified commodities. They are also investing in farm tech and supply chain tech to help realise a higher value for farmers, as all of this is rallied around a single point agenda which is to build and serve India’s largest farmer community. In July 2020, the startup raised $2.5 million in seed funding from Matrix Partners India and Ankur Capital.
Legal Name
:
Chifu Agritech Pvt. Ltd.
Headquarters
:
Hyderabad, Telangana, India
Founding Date
:
2020
No. of Employees
:
11 to 20
Core Team
:
1.
Praneeth Kumar
Co-Founder
2.
Shobhit Jain
Co-Founder
3.
Mrudhukar Batchu
Co-Founder
4.
Kiran Naik
Co-Founder
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Funding
Total Funding
$2.5M
Investors
:
1.
AngelList
2.
Better Capital
3.
Titan Capital
4.
Ankur Capital
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