Bengaluru-based agritech firm Cropin Technologies has raised Rs 113 crore from Google and JSR Corporation, along with existing investors ABC Impact and Chiratae Ventures.
The funding will help expand Cropin Cloud, the company’s recently launched intelligent agriculture cloud platform, to address the growing demand for digitization and predictive intelligence in the global agriculture sector, as per reported by BW Disrupt.
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Commenting on the investment, Krishna Kumar, Co-Founder & CEO, Cropin said, “Since its founding in 2010, Cropin has been dedicated to improving the intelligence of food production and maximizing value for all stakeholders in the agricultural ecosystem. By making farms and harvests traceable, predictable, and sustainable, Cropin aims to transform how food is grown. The involvement of new strategic investors like Google and JSR Corporation, and the support of our existing investors, demonstrate confidence in our mission and impact. We are excited to partner with global technology innovators like Google, which further validates our capabilities and solidifies our position as a leader in the digitalization of global agriculture”.
Krishna Kumar founded The Cropin in 2011. The world’s first industry cloud specifically designed for agriculture, called Cropin Cloud, was developed by a global leader in agtech. In collaboration with more than 250 B2B clients, Cropin has digitised 16 million acres of farmland, enhancing the livelihoods of nearly 7 million farmers.
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Sugandhi Matta, Chief Impact Officer at ABC Impact, said, “We are pleased that Cropin’s efforts to address global food challenges through technology continue to gain traction. Our continued support alongside new investors underscores the commitment and dedication of the Cropin team in delivering impactful outcomes through their work.”
Cropin AI Labs aims to bring predictive intelligence to every acre of arable land in the world. In addition, Cropin plans to expand its business presence into new sectors and industries with a focus on promoting sustainable agricultural practices and addressing global food security challenges in a big way.
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Commenting on the development, Sudhir Sethi, Founder and Chairman Chiratae Ventures India Advisors, said, “What we liked the most about Cropin in their quest for innovation, passion for solving critical global challenges and leveraging technology to transform the fundamental fabric of agriculture. I am a firm believer in technology start-ups defining new business and revenue models, innovating new products, pioneering cutting-edge technology developments, and discovering new markets for growth. Cropin has always embodied these values, and they are poised to be the largest Agritech company globally with its cloud-based, SaaS business model. This investment underlines our strong belief in their growth and the impact they deliver to co-create a truly sustainable global agri-food ecosystem.”
About Cropin
The first specifically designed industry cloud for agriculture was created by Cropin, a leading global Agtech company, in 2010. This cloud is called Cropin Cloud. With the help of Cropin Cloud, multiple agri-ecosystem stakeholders may use digitization and predictive intelligence to make smart decisions that improve sustainability, scale productivity, manage risk, and improve agricultural efficiency.
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