Agritech startup Fasal has secured Rs 100 crore from investors to fuel its business expansion.
In an official statement, the startup revealed that it has achieved Rs 100 crore in its series-A funding round, with TDK Ventures and British International Investment (BII) leading the investment, along with contributions from the ITI Growth Opportunities Fund, Navam Capita and Aureolis Ventures.
The funding round witnessed the participation of all existing investors, including 3one4 Capital, Omnivore, Wavemaker Partners, Genting Ventures and The Yield Labs Asia Pacific.
The company’s focus on growth extends to its B2B brand, Fasal Fresh, aiming to expand and diversify by sourcing sustainably grown, fully traceable and high-quality produce from its extensive network of growers, covering more than 75,000 acres of farmland.
Established in 2018, Fasal uses AI, crop sciences and the Internet of Things (IoT) to deliver farm-level, crop-specific and crop-stage-specific intelligence, optimising resources and increasing farm productivity.
