Agritech startup Fasal raises $4M

Fasal, an agritech startup, has secured $4 million in a Pre-Series A round headed by 3one4 Capital, with current investors Omnivore and Wavemaker Partners joining in.

Fasal is an AI-powered IoT SaaS platform that employs on-farm sensors and scientific algorithms to give farmers with actionable farm and crop information in vernacular languages.

The platform is also developing a number of new services, such as market linkages for fruits and vegetables and parametric crop insurance. The company claims to have saved more than nine billion litres of water through irrigation, cut pesticide spending by more than 60%, and enhanced yields across 40,000 acres of farmland.

Commenting on the investment Fasal founders Ananda Verma and Shailendra Tiwari said, “As government policies are evolving to support more robust and open supply chains, there has never been a bigger incentive for horticulture farmers to grow more and grow better. Fasal’s full-stack offering will fuel a rapid transition of Indian horticulture farming from gut-based legacy operations into knowledge-led profitable businesses.”

Mark Kahn, Managing Partner of Omnivore, commented, “Fasal has proven the fact that farmers are eager to adopt precision agriculture technologies. In the years to come, we foresee Fasal playing an important role in driving sustainable agriculture and becoming a valued brand in the global horticulture space.

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