Agritech startup Fyllo has secured $4 million in a fresh funding round, with IndiaQuotient and SIDBI Ventures leading the investment. Existing investors, including Triveni Trusts, IAN, and KIAORA, also participated in the round.
Fyllo plans to utilize the funds to expand into new geographies, diversify its crop offerings, and develop more precision agriculture products. Through its AI-based prediction models, Fyllo assists over 8,000 farmers across 50,000 acres, consistently achieving 25% higher yield, 80% export-quality produce, and 30% increased income.
The Indian agricultural sector, which accounts for about 58% of the population and 14% of the GDP, is witnessing a surge in the adoption of precision agriculture. Fyllo’s technology aims to address uncertainties related to weather and crop wastage, enhancing productivity and output quality
Disclaimer: This story is auto-aggregated by a computer program and has not been created or edited by agrikunba. Publisher: Economic Times
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