Agritech Startup Fasal Rakes In $1.6 Mn Investment To Scale Up AI

Date posted: Friday 1 November 2019

Agritech startup, Fasal, raised seed funding of $1.6 Mn led by Omnivore and Wavemaker Partners. The IoT-SaaS platform will use the funding to build AI capabilities for each horticulture value chain where the company is focused. “We are going to expand our B2B sales force, engineering and product teams, which will partner with aggregators, exporters, and processors in each horticulture value chain to access their networks of farmers. Very shortly, we plan to launch a low-cost and instantly installable version of our field sensor array. The long term plan is to be an end-to-end platform for horticulture,” said cofounder and CEO of Fasal Ananda Prakash Verma.

(Inc42)