Agriculture technology startup Gramophone raised Rs 25 Cr in funding led by Siana Capital, a deep tech investor. Existing investors Info Edge, Asha Impact, and Better Capital also participated in this round. This brings the total capital raised by Gramophone till date to Rs 55 Cr.
Gramophone helps building an intelligent farming platform enabing more than 550,000 Indian farmers to increase their income based on improved farming practices. The platform also acts as a doctor and a pharmacy to the farmers. The farmers get access to a wide range of inputs and implements, including seeds, fertilisers, nutrients, pesticides, and farming equipment.
"We have seen strong farmer adoption with a Y-o-Y 15-20 percent increase in the wallet share of the customers. We will invest in customer acquisition and building the full-stack platform for the farmers to provide a holistic solution for ‘maximising farmer’s income’ by enhancing expertise around Agronomic Intelligence for Input business and building capabilities to provide market linkages and access to credit to the farmers,” said Tauseef Khan, Co-founder and CEO, Gramophone.