Unnati Agri Secures Rs 28.5 Crore Funding, Forms Strategic Alliance with IPL Biologicals

An agritech supply chain and fintech platform Unnati Agri has raised Rs 28.5 crore with the support of the family office of bioproduct agro enterprise IPL Biologicals. The startup has also partnered strategically with IPL Biologicals to concentrate on climate-ready goods. 

The round also saw participation from Incofin Investment Management, Nabventure, and Orios. The startup plans to use the raised capital to concentrate on environmentally friendly and climate-ready products. 

Unnati said it reduces farming risks and increases transparency. The startup created a comprehensive ecosystem for farm entrepreneurs by getting farmers onto a single digital platform that fosters farm entrepreneurship

“After bolstering our tech infrastructure and growing its uStore network, we are set to expand sustainable product portfolio across India. Through this partnership with IPL Biologicals, we will be able to help farmers adopt better and more sustainable farming practices backed by a range of latest bio-products,” said Ashok Prasad, co-founder, Unnati Agri.

“IPL Biologicals has been at the forefront of sustainable and climate ready farming in India. IPL Biologicals’ strong technology driven approach to sustainable products coupled with Unnati’s distribution reach will accelerate the adoption of bio-products in India. We look forward to aggressively expanding across India through this partnership”, said Harsh Vardhan Bhagchandka, president, IPL Biologicals.

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