Google Funds Indigenous Startup Cropin in its Latest INR 113Cr Funding Round
Google has funded Cropin, a homegrown agritech startup, in its latest Rs 113 crore round, which also included JSR Corporation and existing investors ABC Impact and Chiratae Ventures, according to the platforms.
Cropin Cloud, the company's intelligent agriculture cloud platform, will be expanded with the funds to meet the growing demand for digitisation and predictive intelligence in the global agriculture sector.
"By making farms and harvests traceable, predictable, and sustainable, Cropin aims to transform how food is grown. We are excited to partner with global technology innovators like Google, which further validates our capabilities and solidifies our position as a leader in the digitalisation of global agriculture," said Krishna Kumar, Co-Founder and CEO, Cropin.
Cropin Cloud, which was launched in September of last year, has quickly become a leading platform in agriculture's digital transformation.
Cropin will be able to further invest in its go-to-market efforts and expand the platform's capabilities with the help of this funding round, including the development of next-generation predictive intelligence solutions through Cropin AI Labs.
"Cropin is poised to be the largest agritech company globally with its cloud-based, SaaS business model. This investment underlines our strong belief in their growth," said Sudhir Sethi, Founder and Chairman Chiratae Ventures India Advisors.
Cropin AI Labs' goal is to bring predictive intelligence to every acre of cultivable land on the planet.
Cropin also intends to expand its business presence in new regions and industries, with a focus on developing solutions that promote sustainable agriculture practises and address large-scale global food security challenges.
Cropin has collaborated with over 250 B2B customers to digitise 16 million acres of farmland, thereby benefiting over 7 million farmers.
According to the startup, Cropin Cloud's intelligence platform has already provided predictive intelligence for over 200 million acres of farmland worldwide.