Agritech startup Cropin has raised approximately $14 million in funding from Google and JSR Corporation in a round that saw participation from its existing investors.
This comes at a time when the agritech sector has seen funding pouring in on the back of investors’ optimism in the nascent sector’s potential to grow on rising demand for quality food post-pandemic, supported by macro tailwinds like climate change and food security concerns.
“We will use most of the funds for the international expansions that we are doing like we recently entered into the United States and Europe. So we are going deep into those markets. We will sit closely with the customer because we want to go deep with them, expand with them as well,” said Krishna Kumar, co-founder and chief executive officer (CEO) of Cropin.
Founded in 2010 by Krishna Kumar, Cropin is an agritech company that has developed an industry cloud for agriculture – Cropin Cloud.
Cropin Cloud enables stakeholders in the agri-ecosystem to leverage digitization and predictive intelligence to make decisions that help increase farming efficiency, scale productivity, manage risk and environmental changes, and enhance sustainability, the company said.
Kumar said the newly raised fund will also help in expanding the Cropin Cloud, which was launched in September 2022.
According to the company, Cropin Cloud’s intelligence platform has provided predictive intelligence for over 200 million acres of farmland worldwide, to date.
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