Agricultural supply chains should efficiently deliver produce from farmers to consumer. However, when these complex systems do not function effectively, it can make or break agricultural business and affect communities around the world.
That’s why Agri-Tech East member KisanHub is digitising agri supply chains for the world’s largest food and beverage companies, thanks to £3.4M investment from venture capital firm Sistema_VC alongside venture capital firms Notion and IQ Capitalwho.
KisanHub’s core technology brings together public and private data and the platform is built to connect farmers with the rest of the supply chain. This round of funding will build on their 2018 progress by signing deals with two out of the five largest global food and beverage companies in the world.
KisanHub’s CEO, Dr Sachin Shende, said: “KisanHub’s existing clients are looking to scale the implementation across tens of thousands of farmers growing crops on millions of hectares of land spanning their global supply chain. This is a massive undertaking and also a massive opportunity for KisanHub with a big positive impact on sustainability.
“The Series A round will help KisanHub to scale the team to scale the platform with focus on enhancing Data Insight capabilities of the platform. We are excited to have Sistema_VC joining us on this journey and it is great to have our existing investors, Notion and IQ Capital, backing us again.”
How the KisanHub platform works
- Connects multiple actors in the supply chain including farmers, agronomists and procurement managers.
- Collects a multitude of data sources and process them using its own IoT and aerial image processing cloud.
- Algorithms provide the insights which make the supply chain and procurement process more reliable and predictable.
The investment will be used to continue the development of the platform and implementation of it across multiple geographies for global brands. KisanHub currently has 14 enterprise clients using its platform to bring together supply chain data to help simplify complex decisions. This helps to make agriculture predictable and profitable, helping enterprises and farmers move from intuition-based decision-making to analytical decision-making.