Agrix Agrotech — a Patna-based precision and digital farming startup — has raised an undisclosed fund from various investors, including Maple Capital Advisors.Agrix plans to use the funds to scale existing operations and further strengthen its operations and technology platform.
The startup focusses on farming-as-a-service (covering farm machinery and agri input services) and provides market linkages, especially for fragmented farm owners.
Pankaj Karna, Managing Director of Maple Capital Advisors, said, “We are delighted to partner with Dr. Nilay and the team at Agrix. Their passion and commitment to contribute back to the fragmented farmer and vision on technology motivated us to partner, invest, and help accelerate their business plan. We believe the market is huge and a few have the lineage and motivation to make a difference at the ground level, as we have seen in this team. The business has very sound unit economics at the cluster level too.”