The company will utilize the fund to expand its tech platform and set up more partner stores
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Agritech startup Unnati on Monday announced that it has raised USD 1.7 million in Pre-Series A round from NABVENTURES fund, an agriculture, food and rural businesses focused fund.
Founded in 2017 by Ashok Prasad and Sinha, Unnati’s app gives access to agri finance, knowledge support, choice of inputs, tracking farm lifecycle and access to buyers.
The company’s predictive farming model helps farmers to make well-informed decisions on plant protection, weed management, nutrient usage and also predict market conditions. Through its repository network partner, the startup provides financial assistance such as creating saving accounts, securing loans, purchasing farming inputs, among others.
The Department for International Trade (DIT) organised a virtual workshop to explore opportunities in Agricultural Technology in Costa Rica last week alongside the British-Costa Rican Chamber of Commerce and the Costa Rican Chamber of Agriculture.
The event, “Costa Rica: Opportunities in Agri-Tech” offered an exclusive opportunity for participants to learn about Costa Rica’s current initiatives to increase the productivity of the agriculture and fisheries sectors, and the specific opportunities available for UK companies. British Ambassador to Costa Rica, Ross Denny, welcomed participants to the workshop, highlighting that:
The UK has one of the most highly regarded agricultural technology sectors in the world. Its fully integrated agricultural supply chain, combined with world-class scientific advances and the country’s natural vibrant business environment, make it an excellent match for Costa Rica’s growing Agritech sector. The UK has pioneered new approaches to farming in areas such as animal science, plant genetics and reproduction, as