[Funding News] FAAD Capital Invests in Four Agritech Startups

FAAD Capital has made investments in four agritech firms, namely Godaam Innovations, VedaFit Foods, Aqin Biotech, and Mkelly Biotech, with the intention of assisting their expansion strategies.

FAAD Capital, a Sebi-registered angel fund categorized as Category 1, with its headquarters in Gurugram, has announced a strategic investment in four agritech firms as part of their AgriManch Accelerator program.

FAAD has invested more than $121,000 in four enterprises. In addition to providing pre-seed capital, FAAD Capital will also provide post-funding assistance. This includes facilitating connections between companies and relevant stakeholders to create revenue and establish networks within the agriculture industry, thereby enabling an efficient go-to-market strategy.

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Aqin Biotech is launching a proprietary mix for aquaculture and livestock feed that enhances animal survival rates by 20-25% and decreases mortality by 60-70%.

Aditya Arora, CEO at FAAD Capital, said: "Our investment goes beyond just financial backing; we are committed to providing the necessary resources and connections to help these startups thrive and make a significant impact in the ever-growing agriculture sector. Each of these innovative companies will drive sustainability and technological advancement."

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