AgroStar, a Pune-based agro-tech startup has raised $27 million (Rs.188 crore) in Series C funds led by Bertelsmann India Investments.
This round of funding will mainly help expand its operations. Moreover, the funds will also strengthen its technology platform. This will, therefore, help more farmers by providing them relevant information as needed.
The agro-tech startup also plans to invest in the leadership team and bringing top executives to various scales of operations.
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Founded in 2008, AgroStar is the first and the largest direct-to-farmer mobile commerce platform for agriculture where farmers can procure quality agri inputs at a fair price just by using a mobile phone. It simplifies the whole Agri-Business experience of farmers in Rural India. They do this by providing real-time solutions to farmers. This further reduces the cost of production and increases their yields.