[Funding alert] New Leaf raises Rs 6.15 Cr pre-Series A round

Company New Leaf Dynamic Technologies, a provider of cold chain solutions situated in New Delhi, has raised Rs 6.15 crore in a pre-Series A financing from Moskovitz's company Good Ventures LLC.

The GreenCHILL refrigeration machine, made by New Leaf, uses farm waste and biomass as fuel. Recently, the company began providing loans that were insured by several banks and financial partners to its end users, farmers, and farmer-producers.

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New Leaf's GreenCHILL refrigeration unit runs on biomass and farm waste for fuel. Recently, the business started giving its customers, farmers, and farmer-producers loans that were backed by multiple banks and financial partners.

"We will be utilising the capital raised through this round majorly to strengthen India’s cold chain infrastructure—reducing post-harvest losses by replacing conventional compressor technologies with New Leaf’s biomass-powered Made-in-India refrigeration technology which is affordable, sustainable and reliable", Co-founder Akash Agarwal said.

About New Leaf Dynamic Technologies

New Leaf Dynamic Technologies is the inventor of biomass powered refrigeration technology. New Leaf expertise's in establishing end-to-end cold supply chain from farm to fork and guide farmers on post-harvest management practices to handle harvested produce for reducing supply chain losses.