An agricultural supply chain and financial services platform Unnati agro secured INR 28.5 crore with the help of the family office of bioproduct agro enterprise IPL Biologicals. Additionally, it has partnered strategically with IPL Biologicals to concentrate on climate-ready goods.
The round also included participation from other current investors such Incofin Investment Management, Nabventure, and Orios. The business intends to use these recently received funds to concentrate on environmentally friendly and climate-ready products, as per reported by Entrepreneur.com.
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“After bolstering our tech infrastructure and growing its uStore network, we are set to expand sustainable product portfolio across India. Through this partnership with IPL Biologicals, we will be able to help farmers adopt better and more sustainable farming practices backed by a range of latest bio-products,” said Ashok Prasad, co-founder, Unnati Agri.
They created a comprehensive ecosystem for farm entrepreneurs by getting farmers onto a single digital platform that fosters farm entrepreneurship. From Unnati finance to crop-specific advising, the brand works with farmers across the farming lifecycle to achieve a sustainable future.
“IPL Biologicals has been at the forefront of sustainable and climate ready farming in India. IPL Biologicals’ strong technology driven approach to sustainable products coupled with Unnati’s distribution reach will accelerate the adoption of bio-products in India. We look forward to aggressively expanding across India through this partnership”, said Harsh Vardhan Bhagchandka, president, IPL Biologicals.
About Unnati
Unnati is a fintech-based agriplatform that reduces farming risks and increases transparency. The founders of Unnati seen how farmers struggle with predictability and access to agricultural inputs and expertise. Digital technologies could solve this quickly.
