Agritech startup Vegrow raises $2.5M led by Matrix Partners India

Founded by four IITians Praneeth Kumar, Shobhit Jain, Mrudhukar Batchu, and Kiran Naik, Vegrow is building an asset-light farm by partnering with small farms on a profit-sharing model.

The startup said it increases the net earnings of partner farmers by leveraging technology across different stages of the farming cycle – it helps in crop planning, gives them access to quality inputs, monitors their adherence to practices, and ultimately sells their harvest to the right set of buyers.

This Banglore based agritech startup focussed on aggregating small farms, on Monday announced it has raised $2.5 million in seed funding from Matrix Partners India and Ankur Capital

The round also saw participation from Better Capital, Titan Capital, as well as angel investors including Sanjiv Rangrass – CEO of ITC Ltd Agri Business Division, Rohit MA – Founder of Cloud 9, Ramakant Sharma – Founder of Livsapce and Amit Lakhotia – Founder of Park+.

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