Unnati raises $1.7 mn from Nabventures Fund

Ag-tech begin-up Unnati has elevated $1.seven million in pre-sequence A funding from Nabventures Fund, the enterprise claimed on Monday.

The begin-up designs to use the funds to scale up its tech platform and increase its geographical and crop footprint by setting up a lot more companion outlets, claimed co-founder Ashok Prasad, in a assertion.

Unnati has a robust network of companion outlets for selling agri-inputs and paying for generate in Jap, Central and Western India. Aside from furnishing competitively-priced inputs to farmers, Unnati takes advantage of its access to permit farmers to get remunerative prices for their generate by enabling them to access improved markets in a truthful and clear method. It also gives economic services to the farmer besides place-of-purchase farm advisories.

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“Unnati has established a platform to digitalise the main parts in the food stuff and agribusiness value chain. The predictive abilities of the data captured by the platform boosts efficiencies whilst its clear procedures aid in building trust between farmers and FPOs.” claimed GR Chintala, Chairman, NABARD and NABVENTURES.

“The Unnati crew is resolving some of the crucial complications faced by farmers like absence of access to high-quality inputs at clear prices and absence of last-mile market linkage to offer generate at competitive prices. The amalgamation of a fintech layer has resulted in consumer stickiness. We value the agri enter selling and market linkage proposition of the Unnati platform and are joyful to aid it on its onwards and upwards journey,” claimed Manikumar S, Main Operating Offier, Nabventures.

Unnati has beforehand received funding from angel buyers, together with Vijay Shekhar Sharma (Paytm), KRS Jamwal, latest and previous Paytm senior executives Vikas Garg, Shankar Nath, Renu Satti, Gemba Cash, and Ajay Lakhotia. The latest expenditure transaction has also been supported by Sumeet Seraf who acted as advisor for the transaction, the enterprise claimed.