Agri-Tech Startup Aibono Raises Rs 15 Cr For Business Growth, Expansion
Published on 5th Sept, 2020 | 1 min read
Agri-tech startup Aibono has raised USD 2 million from investors to fund expansion plan and growth of the business, its founder Vivek Rajkumar said on Friday. With the help of its AI powered full-stack farm services and demand-supply syncing technology, Aibono helps farmers from the Nilgiris and surrounding villages in Tamil Nadu to grow premium perishable and herbs with better yields. After procuring farm produce from farmers, the company sells it to retailers in Bengaluru city. “Aibono leverages data science driven demand-supply synchronisation, farm analytics and”just in time engines to prevent food wastage, improve agricultural efficiency as well as stabilise livelihoods of farmers specialising in perishable. “In Aibono, we see a balance of scale and profitability, with equal emphasis on farmer and retailer growth alongside a sustainable business model.” Audrey Selian, director of Lesing Artha associated with Rianta Capital said: With this infusion of funds, agri-tech enablers like Aibono with experience in JIT harvest and demand-supply synchronisation will make significant social impact for farmers possible.
