BharatAgri, a Bangalore-based digital agricultural consultancy firm, revealed on Thursday that it has secured $6.5 million in a Series A round headed by Omnivore, with current investors India Quotient and 021 Capital also participating.
BharatAgri, founded in 2017 by IIT Madras grads Sai Gole (COO) and Siddharth Dialani (CEO), provides farmers with a paid subscription-based app-based platform for AI-based agronomy services, increasing agricultural earnings through systematic use of scientific farming techniques.
Siddharth Dialani, Co-Founder and CEO of BharatAgri, said, “Even three years ago, it was unimaginable that rural Indians would be paying monthly subscription fees to Netflix and YouTube, which is normal today. BharatAgri has demonstrated that the same is possible with farmers, who see so much value in our advisory platform that they willingly pay subscription fees. In the next few months, we will be expanding our platform to provide other agricultural services, starting with direct-to-farmer agri input supply.”
Commenting on the investment, Mark Kahn, Managing Partner at Omnivore, stated, “BharatAgri is the only agritech startup in India to successfully monetise a purely digital product for farmers. Making agronomy services widely accessible at an affordable price can help make the dream of doubling farmer incomes a reality.”