Main Highlights
- Aqgromalin, a tech-driven farm diversification platform, has raised Rs 5.5 crore in seed funding led by Zephyr Peacock India Growth fund, an Indian startup growth capital provider.
- Aqgromalin, founded in 2019 by Prasanna Manogaran and Bharani C.L, is a platform that helps farmers diversify into animal husbandry and aquaculture.
- Aqgromalin intends to use the funds to expand its team, develop new technology, add new categories, and expand geographically.
- Their mission is to democratize access to live inputs for our farmers, particularly small landholders, allowing them to easily diversify into animal husbandry and aquaculture.
Aqgromalin, a tech-driven farm diversification platform that allows farmers to diversify into animal husbandry and aquaculture, has raised Rs 5.5 crore in seed funding led by Zephyr Peacock India Growth fund, an Indian startup growth capital provider.
IndigramLabs Foundation and other notable angels from the agri-startup ecosystem also participated in the round.
In India, the value chain for livestock farming activities is fragmented and opaque. Poultry farming, cattle farming, aquaculture, insect farming, and other activities are among them. Indian livestock farmers face difficulties in obtaining inputs and selling output products, resulting in the unpredictability of income.
Aqgromalin is a forerunner in the delivery of tech-enabled services to this industry. The company offers farmers tech-driven solutions to help them supplement their farm income by organizing input supply and marketing output.
Aqgromalin, founded in 2019 by Prasanna Manogaran and Bharani C.L, is a platform that helps farmers diversify into animal husbandry and aquaculture. Over 40,000 livestock farmers have been reached by the company in Tamil Nadu, Andhra Pradesh, Karnataka, Telangana, Assam, West Bengal, Orissa, and Kerala. By the end of 2021, the company hopes to have reached over 100,000 farmers.
“The animal husbandry and aquaculture sector in India is underserved and highly fragmented,” said Prasanna Manogaran, Co-founder and CEO of Aqgromalin. Livestock farmers face a variety of challenges, including limited availability of quality inputs, a lack of quality feed, and a lack of market access. At Aqgromalin, we are developing a one-stop end-to-end solutions platform to assist farmers in overcoming these challenges.”
Aqgromalin intends to use the funds to expand its team, develop new technology, add new categories, and expand geographically.
“The livestock industry plays a critical role in the Indian economy,” said Pankaj Raina, Managing Director of Zephyr Peacock. It contributes more than 4% of the GDP and employs millions of Indians. The industry, however, is highly unorganized, and farmer income is low. Aqgromalin is deploying technology to address pain points throughout the livestock value chain and improve access to inputs and markets for the ecosystem.”
Aqgromalin, founded in 2019, claims to be India’s first company to provide farmers with live input material delivered at the farm gate for animal husbandry and aquaculture. The agritech firm is organizing the protein value chain and assisting farmers in increasing their income by allowing them to diversify.
Aqgromalin uses technology to improve customer reach and engagement via its mobile and web platforms. With AI deep learning inference, the startup is developing IoT monitoring solutions for animal husbandry and aquaculture. In addition, it is developing a blockchain-based traceability platform for animal husbandry and aquaculture produce.
The company, headquartered in Chennai, has reached over 40,000 livestock farmers in Tamil Nadu, Andhra Pradesh, Karnataka, Telangana, Assam, West Bengal, Odisha, and Kerala. By the end of 2021, the company hopes to have reached over 100,000 farmers.
Bharani CL, Co-founder and COO of Aqgromalin, stated, “Our mission is to democratize access to live inputs for our farmers, particularly small landholders, allowing them to easily diversify into animal husbandry and aquaculture.” We intend to build the sourcing and supply infrastructure necessary to deliver a wide range of live inputs at the farmgate over the next few years.”
