Agritech startup CropIn raises $20Mn in Series C round led by ABC World Asia

AI and data-led agritech startup CropIn has raised $20 Mn in a Series C round led by private equity fund ABC World Asia to expand its business. Existing investors Chiratae Ventures, Invested Development, and Ankur Capital also participated in this funding round.

In a statement, the company said, "CropIn will use this capital infusion to focus on its global expansion, while continuing to innovate on its machine learning-based predictive analytics platform, SmartRisk to further strengthen its artificial intelligence capabilities."

Krishna Kumar, Founder and CEO of CropIn, said, The industry is capturing more data than ever, on everything from agronomy, weather and logistics to market price volatility, which has helped reduce acute data gaps throughout the value chain.

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