- CropIn provides SAAS, crop diagnostics to small farmers.
- It collects data from 4 million farms covering 13 million acres.
- Krishna Kumar founded CropIn in 2010.
CropIn is an artificial intelligence and data-led agriculture technology startup. it has raised $20 million in a Series C funding round. This brings its total funding to $33.1 million. The third round of fundraising was led by ABC World Asia, an Asia-centric private equity fund. Chiratae Ventures, Invested Development, and Ankur Capital are it’s existing partners. CDC Group, Kris Gopalakrishnan’s Pratithi Investment Trust were among the new investors to participate in this round.
Melinda and Bill Gates foundation is also supporting CropIn. With this capital inflow, the Bangalore-based startup will focus on its global expansion. The funding will help the startup innovate on its predictive analytics platform. The SmartRisk platform is based on artificial intelligence and machine learning. It is a suitable time for global expansion due to the current scenario. Due to the ongoing pandemic, the adoption of digital technologies in farming has accelerated manifolds.
About CropIn:
Krishna Kumar founded the startup in 2010. He belonged to a family of farmers. And, quit his job to work for resolving widespread rural suicides in India. CropIn provides software-as-a-service (SAAS) products to farms. It also develops organizations globally to improve the predictability, efficiency, and sustainability of crops. The startup analyzes data from aerial imagery, ground scouting, hyper-local weather, and market price fluctuations. It collects this information from 4 million farms totaling about 13 million acres worldwide. The data is used to monitor risks for thousands of variants of crops and predict the productivity of crops.
Kumar points out that COVID-19 has disrupted food supply chains, food safety, and food security around the world. To tackle this every agricultural business in the world is looking to remotely monitor and safeguard its supply chain. CropIn provides warning to small farmers about crop diseases or potential climate calamity based on its analysis. The startup has customers and partners in over 50 countries. Some of them are Basel-headquartered Syngenta Corp., the World Bank, Canada-based McCain Foods Ltd., and Germany’s BASF SE. Tech startups like CropIn are working to provide crop diagnostics and farm automation technologies.
