Agritech startup Nutrifresh raises $5 mn to scale up chemical-free farm ops

Nutrifresh, an agri-tech start-up that specialize in residue-free, and chemical-free produce, has attracted $5 million as pre-series seed investment. The investment is led by means of Theodore Cleary (Archer Investments), Sandiip Bhammer (managing spouse – Inexperienced Frontier Capital), Sky Kurtz (CEO and co-founder of Natural Harvest AE) and Mathew Cyriac (Florintree Advisors and ex MD of Blackstone India). Different buyers come with Dr Soumitra Dutta (Dean Elect – Saïd Industry Faculty, College of Oxford), Shaishav Dharia (Regional CEO, Lodha Workforce) and Karan Goshar (Samarthya Funding Advisors LLP).

The investment will probably be used to scale up farm operations, put in force whole traceability and transparency of produce, and advertising and advent of an built-in Farm-tech platform. Co-founded by means of two Agripreneurs’ Sanket Mehta and Ganesh Nikam, Nutrifreshs’ imaginative and prescient is to supply constant pesticide-free hydroponic produce this is nutrient-rich for the Indian client all 12 months spherical.

“Group Nutrifresh is very dedicated to bringing targeted Hydroponic Farming which is strong, tech-enabled, IoT (Web of Issues) based totally and provides constant manufacturing,” stated Sanket Mehta, co-founder, Nutrifresh Farm Tech Farms Pvt Ltd. “The investment in Ag-tech area is the evidence of thought encircling the truth that residue-free and high quality veggies are most crucial in city way of life and Nutrifresh is concerned with bringing high quality meals safety.”

Nutrifresh has an current facility beneath safe cultivation which makes use of high quality seeds from Israel and US, the place the air is provided in managed measures, water is RO purified and vitamins are water-soluble. All of the manufacturing is managed proper from procurement of seeds, germination, nursery, harvesting, packaging and in any case supply of the product to the end-user. The produce reaches the patron inside of 24 hours of harvest. Boasting over 42 SKUs (stock-keeping gadgets), Nutrifresh is supplying its merchandise to over 100 plus B2B aggregators within the Indian marketplace. Those come with companions like Nature’s Basket, Giant Basket, Swiggy, Kissan Konnect and Zomato Hyperpure.

Throughout the implementation of centralised nutrient and pumping programs and an in depth looped irrigation technique, Nutrifresh makes use of 90 in keeping with cent much less water than a standard farm. Over 80 in keeping with cent in their farm staff is girls and Nutrifresh goals to talent them with probably the most fashionable tactics and succeed in whole self-sustenance.

“Agri tech and Meals tech are each giant center of attention spaces for our Local weather Mitigation-focused challenge fund and we’re repeatedly having a look to discover and put money into leading edge companies run by means of dynamic marketers with compelling industry fashions,” stated Sandiip Bhammer, Managing Spouse of Inexperienced Frontier Capital. “Nutrifresh is all of those and extra.

Nutrifresh is at once promoting to nearly 15,000 families within the dual towns of Mumbai and Pune.

“With our robust enjoy within the Ag-Tech sector, we imagine there may be unmet call for within the wholesome produce phase, and we’re satisfied to steer Nutrifresh in its adventure to turn out to be the most important precision farming participant in India and bringing hydroponically grown produce to shoppers throughout India,” stated, Sky Kurtz, Natural Harvest, UAE.

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