Agritech startup Pepper Farms has raised USD 1 million (round Rs 7.39 crore) from traders to develop its enterprise. The startup helps farmers organise vegetable manufacturing lifecycle beginning with plantations till harvest and gross sales.
In an announcement, Pepper Farms mentioned it has secured USD 1 million in a seed funding spherical led by AxilorVentures and Himanshu Aggarwal, Co-founder of Aspiring Minds.
Others who additionally participated within the spherical included Tarun Khanna (Harvard Enterprise College), Raman Uberoi (ex-COO CRISIL), Sunil Kalra (Through Initiatives), Rahul Jain (Co-Founder Epigamia).
“The corporate goals to make use of the capital to strengthen its operations through superior expertise and agronomy stack,” it mentioned. Gurugram-based Pepper Farms was based by Saurabh Singla, an alumni of IIT Guwahati and Shalini Aggarwal, Chartered Accountant, an alumni of SRCC.
Pepper Farms is organising vegetable manufacturing by constructing a community of farms with end-to-end digital administration, customised agronomy, and direct market linkages.
The startup is immediately working with farm house owners, farmers, and others concerned within the worth chain of vegetable manufacturing. The corporate has been in a position to develop its enterprise within the nation’s high agricultural geographies, together with Punjab, Haryana, Uttarakhand, Himachal Pradesh managing dozens of farms.
Saurabh Singla, Co-Founder and CEO Pepper Farms, mentioned, “rising because the quickest rising community of protected farms in India, we purpose to convey manufacturing of one other 1,000 acres beneath Pepper Farms within the subsequent 12 months.” The corporate goals to disrupt the farming trade with its agronomy, operations, and advertising and marketing methods, he added.
“The concept was to cut back inefficiencies plaguing the farming ecosystem. With structuring small, fragmented farms, we’re in a position to affect the lives of tons of of farmers, expert and unskilled workforce whereas delivering high quality manufacturing for the plenty,” mentioned Shalini Aggarwal, Co-founder and COO, Pepper Farms.
The startup is promoting the produce each day throughout mandies, eRetail, trendy retail, and eating places by way of its sturdy provide chain, the assertion mentioned.
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