Nutrifresh, an agritech startup, announced on Tuesday that it has raised $5 million (Rs 38.8 crore) in funding for expansion and growth. Hydroponically grown, residue-free, and chemical-free vegetables are the company’s objective.
Theodore Cleary, Archer Investments; Sandiip Bhammer, Managing Partner – Green Frontier Capital; Sky Kurtz, CEO & co-founder of Pure Harvest UAE; Mathew Cyriac, Florintree Advisors & ex-managing director of Blackstone India; Soumitra Dutta, Dean Elect – Sad Business School, University of Oxford; Shaishav Dharia, Regional chief executive officer, CEO Lodha Group; Karan Gos.
“The funding will be used to scale up farm operations, implement complete traceability and transparency of produce, marketing, and creation of an integrated Farm-tech platform,” Nutrifresh said in a statement.
From seed procurement to germination, nursery, harvesting, packaging, and finally delivery of the product to the end-user, the entire process is under control. Within 24 hours of harvest, the food reaches the consumer.
“Team Nutrifresh is extremely committed to bringing focused Hydroponic Farming which is robust, tech-enabled, IOT based and gives consistent production,” Mehta said.
“With the current round of funding, Nutrifresh aims to enhance the production capacities and bring in standardization in the production process thus, scaling the farms with requisite SOPs to gain a higher competitive edge,” he added.
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