In a significant boost to agro-tech innovation, Kisankonnect, a fully integrated farm-to-fork fresh produce startup, secures Rs 31 crore in a pre-series A funding round. The investment, spearheaded by leading climate tech-focused fund Green Frontier Capital (GFC), marks a key milestone for Kisankonnect’s mission to revolutionize the agro supply chain.
Kisankonnect’s Unique Agro Ecosystem: A Pioneering Approach
Founder and CEO Vivek Nirmal highlights the transformative impact of Kisankonnect’s farm-centric approach, emphasizing the benefits reaped by consumers through a safer produce consumption experience. The startup’s tech-enabled, temperature-controlled, and fully traceable supply chain sets it apart in the industry. This innovative model ensures that sorted and graded fresh produce from farmers swiftly reaches consumers in Mumbai and Pune, minimizing transit time and reducing wastages significantly. Vivek Nirmal emphasizes the dual impact of fair prices for farmers and consumers, coupled with a positive environmental footprint by reducing carbon emissions in the agricultural supply chain.
Diverse Investor Support: Dhanuka Agritech Limited Joins the Cause
Green Frontier Capital led the funding round, with participation from notable investors such as Dhanuka Agritech Limited, VC Grid, and various family offices. The diverse investor support underscores the industry’s recognition of Kisankonnect’s potential to reshape the agro landscape.
Expanding Horizons: Utilizing Funding for Climate-Smart Agriculture
With a strategic vision, Kisankonnect plans to leverage the raised capital to amplify its engagement in climate-smart agriculture initiatives involving its network of 5,000 farmers. The startup aims to bolster its fresh-produce supply chain technology, ensuring efficiency and sustainability. Additionally, the funds will facilitate the establishment of new farm stores, complementing the existing ones in Mumbai and Pune.
Navigating Growth: From Mobile App to Farm Stores
Co-founder and Business Head Nidhi Nirmal sheds light on Kisankonnect’s evolution, emphasizing the expansion beyond the mobile app to farm stores. This transition enhances the customer experience by offering even fresher produce directly through physical outlets.
