Agrihawk Technologies, the Bengaluru-based startup that operates agri-tech platform Fyllo, has raised $400,000 (about Rs 3 crore) in a seed round of funding led by Indian Angel Network.
Other investors included Titan Capital, Lead Angels, according to a statement.
Fyllo will use the fresh capital to accelerate research and development efforts and expand into new markets, the statement added.
Founded in 2019 by Sudhanshu Rai and Sumit Sheoran, Fyllo’s 360-degree view dashboard -- backed with real-time farm data -- uses IoT, AI, and agronomy to provide farmers actionable insights aimed at improving the quality and quantity of their produce as well as reducing the overall cost of production.
Previously, they had raised an undisclosed sum from 100X.VC.
“We believe Fyllo will help farmers to improve production by 25% and the total cost of production will also reduce by $700. Plus, there will also be an improvement in export quality by up to 81%, thereby fetching double the price on increased export produce,” the co-founders said following the latest fundraise.
Lenskart founder Amit Chaudhary, others back CORA Health
Bengaluru-based health and wellness marketplace CORA Health on Monday said it has secured an undisclosed sum in a fresh round of funding.
The round was led by multiple marquee angels, including Lenskart founder Amit Chaudhary; Pidilite Industries’ executive director Apurva Parekh; Tata Industries’ executive director KRS Jamwal; Everstone Group vice chairman Dhanpal Jhaveri; Nomura MD Kushagra Pant; Visa director Neha Saraf; Flipkart director Anusuya Roy; All E technologies founder Ajay Milan and Headstart investor circle.
The startup said it plans to use the funds to improve its technology back-end, hire fresh talent and expand the network of experts and categories on the marketplace.
“We are very excited to have the biggest industry names back us on our vision and this has fuelled us to be even more relentless in our obsession of improving everyday health and wellness,” Snigdha Kumar, co-founder of CORA Health, said in a statement.
“We see ourselves as being synonymous with health and to be able to transform the pantry of 20mn households with healthier options by 2023,” she added.
Kumar founded CORA with Shrijit Venkatesh in a bid to offer healthy food choices to its consumers. The company was a part of 100X.VC’s Class 03 portfolio and launched in May 2020.
The marketplace is witnessing 200% month-on-month growth and aiming to hit Rs 100 crore ARR by the end of next year, according to the statement.
Blaer Motors secures $360,000 from The Chennai Angels
NIT-Trichy incubated auto startup Blaer Motors on Monday said it has secured $360,000 (Rs 2.61 crore) from The Chennai Angels (TCA).
The Chennai-based company develops hybrid and electric drivetrains for two-wheelers and three-wheelers. It plans to deploy the fresh funds to further develop its infrastructure, strengthen the R&D team, and focus on developing clean, smart, and efficient technology solutions for the transportation and mobility space.
“We are thankful to our investors for believing in Blaer and we value their expertise in the automotive industry, which will help us to further our products and business strategies and strengthen our position in the market,” Abinesh Ekambaram, the co-founder of Blaer, said.
“Our focus now is to further optimize our hybrid technologies for motorcycles and expand our product portfolio into 3-Wheelers and LCVs. We want to establish Blaer as an indigenous technology provider in the automotive industry, which is dominated by European companies.” he added.
The company, founded in 2014, currently offers Blaer Hybrid Solution for green mobility, LPG two-wheeler solutions, and an electric bicycle called Pedaleze. It has also been working with multiple OEMs to commercialize these technologies.