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Agritech Startups: This development comes when venture capital-backed agriculture technology startups are struggling to scale margins on mainstay business and have pared workforces to cut costs.
The agritech startup had raised debt of about ₹95 crore from Trifecta Ventures and ₹195-200 crore from Alteria Capital, and currently owes them nearly ₹100 crore.
Agritech startups: Think beyond organic, think hydroponics The Pelican had just begun to take off when Cyclone Fani struck the eastern coast of India in 2019. Haraprasad Mohapatra, a retired master mariner from Teisipur in Odisha, had started Pelican Aeroponic Farms just a year ago to grow exotic vegetables such as lettuce, kale, basil, cherry
The government will promote investment in post-harvest activities including aggregation, modern storage, efficient supply chains, primary and secondary processing and marketing and branding, finance minister Nirmala Sitharaman said.
Startup Bangladesh Limited, a government-backed venture capital firm, is set to inject Tk 100 crore into 46 selected startups, aiming to strengthen the country's startup ecosystem. Since its establishment in 2020, the company has actively approved investments totaling Tk 73.50 crore across 28 companies, dispersing Tk 64 crore. These investments span critical sectors such as