CropIn raises USD 20 mn from investors to expand business

Date posted: Thursday 7 January 2021

CropIn, which is an artificial intelligence and data-led agri-tech organisation, has raised USD 20 million (around Rs 145 crore) in a Series C funding round led from investors including ABC World Asia to expand business. Existing investors Chiratae Ventures, Invested Development and Ankur Capital also participated in this funding round. Other new investors in this round include CDC Group and Kris Gopalakrishnan”s family office Pratithi Investment Trust. “CropIn will use this capital infusion to focus on its global expansion, while continuing to innovate on its machine learning-based predictive analytics platform, SmartRisk to further strengthen its artificial intelligence capabilities,” the statement said. CropIn is also investing to penetrate deeper in its target markets globally.

(Outlook India)