Cropin Cloud was launched in September 2022.
Indian agritech startup Cropin has secured Rs 113 crores in funding from new investors Google and JSR Corporation, as well as existing investors ABC Impact and Chiratae Ventures. The funds will be used to expand the startup’s agriculture cloud platform Cropin Cloud.
Further, the funding will also be utilized to cater to the growing demand for digitization and predictive intelligence in the global agriculture sector, the agritech startup said in a blog on Monday. The Bengaluru-based company plans to further invest in its go-to-market efforts and expand the platform’s capabilities, including developing next-generation predictive intelligence solutions through Cropin AI Labs.
“By making farms and harvests traceable, predictable, and sustainable, Cropin aims to transform how food is grown. The involvement of new strategic investors like Google and JSR Corporation, and the support of our existing investors, demonstrates confidence in our mission and impact,” the company’s co-founder, and chief executive officer Krishna Kumar said.
“We are excited to partner with global technology innovators like Google, which further validates our capabilities and solidifies our position as a leader in the digitalization of global agriculture,” he added.
Talking about Cropin Cloud, it was launched in September last year and is claimed to be the world’s first industry cloud for agriculture. It aids various stakeholders including government and businesses make “informed decisions” that increase farming efficiency, improve productivity, manage risk and environmental changes, and enhance sustainability through the use of digital technologies and predictive intelligence.
The Indian startup has partnered with over 250 B2B customers and has digitized 16 million acres of farmland, benefiting over seven million farmers. Cropin Cloud’s intelligence platform has already provided predictive intelligence for over 200 million acres of farmland worldwide, the company said.