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Agritech startup MapMyCrop has raised Rs 15.7 crore ($1.8 million) in seed funding, led by YourNest Venture Capital, with support from angel investors like Eaglewings Ventures.
The company plans to use the funds to grow its operations, complete pilot orders, strengthen its sales and operations teams and improve its platform technology.
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As part of its growth plan the company aims to expand into emerging markets in Africa, Latin America and Southeast Asia, while also strengthening its presence in the United States and Europe. It will develop local solutions to address agricultural challenges specific to each region.
"Our plan is to scale our cutting-edge solutions, delivering unparalleled accuracy and impact to drive sustainability and productivity," MapMyCrop founder and CEO Swapnil Jadhav said.
About MapMyCrop
Founded in 2021 by Neil Jadhav, MapMyCrop uses satellite imagery and AI to offer crop monitoring services that help farmers track crops, predict yields, and improve supply chains.
The company plans to launch new tools, including an AI-based farm credit score and a forest monitoring system.
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