CropIn Technology solutions raises USD 2 mn in Series A funding

CropIn Technology Solutions raises USD 2 Million in Series A Funding, led by Denmark Based Sophia Investment ApS An Agriculture Farm Management, Monitoring and Traceability Solution Provider is on a Spree to Invest Extensively in its Existing Technical Prowess, Data Sciences and Expand its Market Potential After Having Completed Six Years into the Business of Acre by Acre Farm Digitization Cropin Technology Solutions , a Bangalore-based startup has formally declared its investment deal with Sophia Investment ApS, Denmark. This series A investment of USD2 million, upswings the scalability of the company and provides it a sizeable balance required to increase its operation on the technical front and market expansion. The deal is a shot in the arm for CropIn Technology considering the avenues available in the agricultural sector and the CAGR of farm management software industry (ICT) growing at a pace of over 17percent in India. "A robust growth chart, faith of our existing investors and continued traction in the agri business space for penetration made it ideal for us to raise this investment with an intent of expanding our belief of serving 20 million farmers by 2020. CropIn uses data science to help farms become more efficient businesses and respond to the challenges and opportunities of the future. In the next 3 years, CropIn plans to invest USD15 to USD20 million to bring cutting-edge technology for every acre of farm and provide access of it to every farmer possible," said Mr. Krishna Kumar, CEO, CropIn Technology, Bangalore.