Comments
SmartFarms Agritech is in discussions with a clutch of investors to raise $1.5 million in a pre-Series A round, even as the company has raised an undisclosed amount from a number of angel investors.
The company intends to raise its pre-Series A round by the end of this year, it said in a statement. New Delhi-based SmartFarms Agritech is an agricultural products distribution platform.
Leading the investment was Sunkara Subba Rao, a Delhi-based angel investor, while Renous Consulting was the adviser to the deal. The company intends to use the funds for operations and expansion purposes, and hiring senior management personnel.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.