India overtakes China as agrifoodtech startups raise record $4.6 bn in FY22
Downstream startups raised $3.8 billion in FY22, a 115% increase from $1.77 billion in FY21. They continue to boost overall funding into the agrifoodtech space.
Downstream startups raised $3.8 billion in FY22, a 115% increase from $1.77 billion in FY21. They continue to boost overall funding into the agrifoodtech space.
Five start-ups joined the $1-billion club in two weeks.
Investment activity flourished even as Covid-19 raged, the private capital market showing remarkable vitality.
With the latest $52 million fresh funding, the Bengaluru-based startup has raised a total of $244 million in funding this year.
The meat and seafood brand is aiming for more than ₹1000 crore in revenue by 2023.
The fund will be utilised to ramp up its presence, boost its product portfolio, and strengthen its supply chain. Licious had raised $25 million in September, too.
The Bengaluru-based startup plans to enter Mumbai and Pune markets by the end of 2018.