Emerging Entrepreneurs

Aibono raises ₹17 crore in pre-Series A round

| Updated on March 18, 2019

Bengaluru-based Aibono, an AI-powered fresh food aggregator platform, has raised about ₹17 crore ($2.5 million) in a pre-Series A round led by impact investor Menterra, Artha Initiatives, Milliways Ventures, Rebright Partners and 3One4 Capital.

The company will use the money to scale its Seed-to-Plate platform in fruits and vegetables. The platform blends artificial intelligence-powered precision farming with real-time demand sync and just-in-time harvesting.

Aibono’s platform helps small farmers leverage farm analytics, IoT and data science to increase output and yield. It plans to expand its reach to more tier-1 and tier-2 cities, rope in over 1,000 standalone retailers, strengthen logistics, increase the team size and bring on board more fruits and vegetables farmers.

Published on March 18, 2019

Follow us on Telegram, Facebook, Twitter, Instagram, YouTube and Linkedin. You can also download our Android App or IOS App.

This article is closed for comments.
Please Email the Editor