Agritech idea startup Gramophone raises funding $10 mn from Z3 Partners

Agritech idea startup Gramophone raises funding $10 mn from Z3 Partners
27/10/2021 No Comments Business Anshul

company of Agstack Technologies Pvt. Ltd, which is an Agritech idea startup Gramophone raises funding $10 mn from Z3 Partners

Gramophone is an AgTech platform that helps farmers achieve better yields by providing information and input planning.

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Agritech Gramophone Company profile and startup Gramophone raises funding :

  • Founded – Date  2016
  • The company, founded by Tauseef Khan, Nishant Vats Mahatre and Harshit Gupta, offers one-stop solutions for farmers.
  • Legal Name =  Agstack Technologies Pvt. Ltd.
funding dateFunding roundtotal investment Key investing Partner 
Oct 2021Series B $10 MZ3Partners
Dec 2020Series B $3.4MSiana Capital Management
Aug 2019Series A$3.5MInfo Edge
Mar 2018Seed Round $1MInfo Edge
May 2017Pre Seed Round
May 2017Seed Round

The company provides agronomy services and input and output products in Madhya Pradesh, Chattisgarh, Maharashtra, and Rajasthan by way of an ecommerce marketplace. 

“We have seen a huge shift in the adoption of technology solutions by the new-age farmers. With this investment, we will double down on investing in technologies that lower costs, improve transparency, and empower the local community of agri entrepreneurs with more earning opportunities in rural areas,” Tauseef Khan, co-founder & CEO, Gramophone, said. 

Top 5 best agritech Startups In India :

1. Ninjacart:

Founded by Thirukumaran Nagarajan, Kartheeswaran K K, Ashutosh Vikram, Sharath Loganathan and Vasudevan Chinnathambi in June 2015, Ninjacart started as a B2C hyperlocal food delivery startup. It was transformed into a B2B agritech startup in order to solve the fresh agricultural produce supply chain problem for the farmers and the retailers. So far, Ninjacart has raised $164.2 million from Tiger Global Management, Accel, Qualcomm Ventures and Steadview Capital.

2. WayCool:

Founded by Karthik Jayaraman and Sanjay Dasari in July 2015, WayCool offers a B2B agritech platform that uses technology to control end-to-end agriculture supply chain right from farming inputs to last-mile distribution to help the farmers to sell their produce through multiple distribution channels. Till date, WayCool has raised $60.8 million.

3. AgroStar:

Founded by brothers Shardul Sheth and Sitanshu Sheth in 2013, AgroStar offers an online marketplace for farmers to buy agricultural inputs. This agritech startup also helps farmers by providing real-time advice from experts on how to manage their crops and boost their yield. AgroStar has raised $42 million.

4. DeHaat:

Founded by Shashank Kumar and Amrendra Singh in 2012, DeHaat offers agricultural services like access to agricultural inputs like seeds and fertilizers at affordable prices, personalized assistance, soil testing, weather reports, micro-finance, and insurance. DeHaat has raised $19.3 million to help Indian farmers.

5. Stellapps:

Founded by Ranjith Mukundan, Ravishankar G. Shiroor, Praveen Nale, Ramakrishna Adukuri and Venkatesh Seshasayee in 2011, Stellapps helps dairy farmers and cooperatives to maximize their profits by digitizing and optimizing Milk Procurement & Coldchain Management through its IoT-based SmartMoo platform.

Agritech idea startup Gramophone raises funding $10 mn from Z3 Partners

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