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Cropin Raises Rs 113 Crore Funds From Investors Including Google, JSR Corporation

The company raised $8 million in a Series B venture round led by Bill and Melinda Gates Foundation SIF in 2018

Cropin Raises Rs 113 Crore Funds From Investors Including Google, JSR Corporation
POSTED ON January 09, 2023 4:10 PM

 Agritech company Cropin has raised Rs 113 crore funding from new investors Google and JSR Corporation, as well as existing investors ABC Impact and Chiratae Ventures.

 The funds will aid in expanding Cropin Cloud, the company's recently launched intelligent agriculture cloud platform, to cater to the growing demand for digitization and predictive intelligence in the global agriculture sector, the company said in a statement.

"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," said Cropin co-founder and chief executive officer (CEO) Krishna Kumar.

Founded in 2010, Cropin has partnered with more than 250 business-to-business (B2B) customers and has digitized 16 million acres of farmland, benefiting over 7 million farmers.

 Previously, the company raised $8 million in a Series B venture round led by Bill and Melinda Gates Foundation Strategic Investment Fund (SIF) in 2018 and $20 million in a Series C venture round in 2021.

Cropin Cloud's intelligence platform has already provided predictive intelligence for over 200 million acres of farmland worldwide.

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