How Much Did Krishify Raise? Funding & Key Investors

Krishify has successfully raised funding through three rounds, attracting investment from notable backers such as Ankur Capital and Omnivore. The platform serves as a social network for farmers, enabling them to discuss and solve their agricultural input needs.

Keep reading to explore the intricacies of Krishify's fundraising journey and the investors backing this innovative platform.

What Is Krishify?

Krishify, headquartered in Gurgaon, Haryana, India, is a prominent player in the Agriculture Technology (AgriTech) industry. The company operates as a social network for farmers, enabling them to discuss and solve their agricultural input needs. With a workforce of 51-100 employees, Krishify is dedicated to digitizing agricultural value chains and enhancing farm management, advisory, and marketing for farmers and agri-businesses.

Founded with the mission to build digital communities and provide personalized advisory, Krishify leverages both digital and physical (phygital) technologies, as well as remote sensing for crop monitoring. The platform partners with various stakeholders in the agriculture sector to offer quality, affordable, and sustainable inputs and services to farmers, serving over 25 brands across the country.

How Much Funding Has Krishify Raised?

1. Seed Round (2019-09-01)
   • Amount Raised: Not publicly disclosed
   • Date: September 2019
   • Lead Investors: APPYHIGH, Orios Venture Partners
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: Initial funding to support the early stages of the platform's development and growth.
2. Seed Round (2021-08-03)
   • Amount Raised: USD 2,700,000
   • Date: August 2021
   • Lead Investors: Ankur Capital, Omidyar Network India, Orios Venture Partners
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To expand Krishify's user base and create robust monetization channels.
3. Seed Round (2022-02-22)
   • Amount Raised: USD 3,500,000
   • Date: February 2022
   • Lead Investors: Omnivore
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To support Krishify's growth and development as a social network for farmers.

Total Amount Raised: USD 6,200,000. Current Valuation: Not publicly disclosed.

Key Investors

• Omnivore
  • Details: Omnivore is a venture capital firm that invests in startups from the agriculture and food sectors. They focus on companies that drive agricultural innovation and sustainability.
  • Investment Focus Areas: Agritech, food processing, sustainability.
  • Notable Investments: Not publicly disclosed.
• Ankur Capital
  • Details: Ankur Capital is an early-stage venture capital firm that invests in transformative technologies and business models. They aim to support startups that address critical issues in agriculture, healthcare, and education.
  • Investment Focus Areas: Agritech, healthcare, education, fintech.
  • Notable Investments: Krishify, CropIn, Niramai.
• Omidyar Network India
  • Details: Omidyar Network India is an investment firm that supports innovative solutions to social, economic, and environmental challenges. They focus on creating opportunities for individuals and communities in India.
  • Investment Focus Areas: Agritech, education, financial inclusion, governance.
  • Notable Investments: Krishify, Aspiring Minds, 1mg.
• Orios Venture Partners
  • Details: Orios Venture Partners is an early-stage venture capital firm that invests in technology-driven startups. They focus on companies that have the potential to disrupt traditional industries and create new markets.
  • Investment Focus Areas: Agritech, fintech, consumer internet, SaaS.
  • Notable Investments: Krishify, Pharmeasy, GoMechanic.
• APPYHIGH
  • Details: APPYHIGH is a startup accelerator that provides growth support to early-stage tech startups. They focus on helping startups scale their operations and reach new markets.
  • Investment Focus Areas: Tech startups, mobile applications, digital platforms.
  • Notable Investments: Krishify, Not publicly disclosed.

What's Next for Krishify?

Krishify stands at the cusp of significant growth, with opportunities to expand its user base to 100 million and unlock a gross merchandise value (GMV) potential of over $10 billion in the next few years. The platform's focus on addressing information asymmetry and providing comprehensive advisory services positions it well to become India's largest farmer-centric network.

Future fundraising rounds are likely as Krishify scales its operations and demonstrates value to investors. The rapid growth and ambitious targets suggest that additional capital will be essential to support its expansion and technological advancements.

However, challenges such as overcoming the digital divide in rural areas and ensuring the accuracy of personalized services remain. Competing with other agritech startups and maintaining a robust technological infrastructure will be critical as Krishify navigates its path forward.

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