Venkatasen will work alongside the company's current CFO Balasubramanian S, who will be with the startup till the end of March.
In a statement shared on November 30, AgFunder and Omnivore said the deal activity for agri-foodtech startups also increased to 234 deals in FY22 compared to 189 deals in FY21.
Other members of the newly formed board are Prakash Bakshi, former chairman of National Bank For Agriculture And Rural Development (NABARD), and Anand Sinha, retired deputy governor of the Reserve Bank of India
The startup will use the funds to expand to new markets and cover more crops
The Bengaluru-based firm will make seed investments in startups, entrepreneurs and tech innovators who present unique, sustainable and tech-enabled solutions.
Last December, Flipkart India and Walmart invested $145 million in the Bengaluru-based company.
In October last year, Walmart and Flipkart Group had pumped in an undisclosed amount of funding in the Bengaluru-based company.
A digital agriculture mission has been initiated for 2021-25 by the government for projects based on new technologies like artificial intelligence, block chain, remote sensing and GIS technology, use of drones and robots etc.
The companies, however, did not disclose the amount being invested.