[Funding alert] Agritech startup Aibono secures $2M in pre-Series A round
Summary
Swiss impact investor Lesing Artha, a subsidiary of Rianta Capital (UK), also participated in the round. The startup uses data to match demand-supply synchronisation, farm analytics, etc., to prevent food wastage, improve agricultural efficiency, as well as stabilise livelihoods of farmers, specialising in perishable vegetables. Takeshi Ebihara, Founding General Partner of Rebright Partners, said, “With India’s retail demand for fresh farm produce going through the roof, very few players are concentrating on solving pain-points at the ground level for seamless movement of perishables across the value chain. With the government’s focus on opening up farm-gate infrastructure in recent times, we are seeing startups such as Aibono who make full-stack agri-businesses lucrative to invest in. It’s inspiring to see their sustained first, middle, and last-mile E2E operations during the pandemic delivering essential premium and perishables, while demonstrating the best financials among fruit and vegetable platforms.”