India Accelerator s iAngels Invests In Agri tech Startup BioVeda
Summary
BioVeda plans to allocate the majority of funds into business expansion and technologyBioVeda Agro Ventures, Indias online platform for farmers secures an undisclosed amount of seed funding from India Accelerators Angel Investors network iAngels.Incepted in February 2022, the Agri-tech platform brings a wide range of Agri- services for farmers to sell their Agri-produce, buy Agri-inputs and avail credit facilities at lower interest rates on a single Digital Platform.BioVeda plans to infuse the majority of funds for business expansion and technology.Delighted with the fundraising, Mahua Hazra, Co-founder and CEO of BioVeda Agro Ventures said, We are delighted to have completed the seed funding round. with this, we are ready to dive into financial inclusion and rural ecommerce. We believe that our business model will play a crucial role in easing the farmers access to better credit facilities.Commenting on the investment, Deepak Nagpal, Managing Partner and Business Head for iAgri (IAs Agritech Vertical) said, With an increasing number of farmers looking to foster stable and continuous production, BioVedas will actually add moolah in the farmers pocket.