BigHaat raises $2 million from Beyond Next Ventures
The agritech startup will use the money to strengthen data and technology offerings as well as its supply chains.
August 11, 2020 / 01:43 PM IST
Agriculture-technology startup BigHaat has raised $2 million in its Series A round of funding led by Japanese investor Beyond Next Ventures. The round also saw participation from Rockstud Capital and existing investor Ankur Capital and few angel investors.
The Bengaluru-based startup intends to strengthen its data and technology offerings, scale up its marketing team and also strengthen its supply chains to support the next round of growth. It has set a target of reaching 10 million farmers in the next two years.
“The traditional agri-inputs supply-chain is a broken experience, causing financial distress for the farmer. Technology can address this serious problem and transform a farmer’s pre-harvest journey into a profitable one,” CEO and co-founder Sateesh Nukala said.
Founded in 2015 by Nukala and Sachin Nandwana, the startup aims to digitise the agricultural input ecosystem by providing farmers with information through technology and data science.
The company also provides technology-led inputs to agro-manufacturers about demand-supply issues, market feedback and new business opportunities.