Deep Rooted gains $12.5 million in its Series A funding round

AgriTech startup, Deep Rooted has raised $12.5 million in its Series A round.

AgriTech startup, Deep Rooted has raised $12.5 million in its Series A round. The funding was led by IvyCap Ventures. Its existing investors Accel, Omnivore, and Mayfield also participated in the funding round. 

Currently available in Bengaluru, Chennai, and Hyderabad, the startup plans to utilize the funds to expand its operations in Southern India, strengthen its technology pipeline, and hire across its marketing, sales, and technology teams in the next 12 months. 

The Bengaluru-based startup is a D2C farm-to-fork business that sells fresh and quality fruits and vegetables to its urban customers directly from farms. It has partnered with farmers to craft the experience of ‘Eating Fresh’ and ‘Eating Clean’. The startup uses contamination-free farming methods for growing fruits and vegetables.

Founded in 2018 by Avinash BR, Gururaj Rao, Arvind Murali, and Santhosh Narasipura, Deep Rooted uses zero pesticides to add to its USP. They claim to offer more than 200 varieties of fruits and vegetables. 

There are 1,557 AgriTech startups in India. According to a report, India’s AgriTech startups have cumulatively secured $1 billion in funding between 2014 and 2021. Last year, AgriTech startups raised around $684 million through 47 funding activities.

Tags : #Funding #Funds #Startup #Agritechstartup #Deeprooted #IvyCapVentures #Fundingalert #Medicircle #SmitaKumar

Related Stories

Loading Please wait...

-Advertisements-




Trending Now

FDA Confirms Bird Flu Virus Remnants in Pasteurized Milk: Safety and Regulatory InsightsApril 24, 2024
Sarvodaya Hospital Redefines Total Knee Replacement Surgery with Augmented Reality April 23, 2024
Fateh Education announces partnership to expand educational opportunities for Indian studentsApril 23, 2024
10 Strategies to counter disinformation for the healthcare digital ecosystemApril 23, 2024
Is Selling Over-the-Counter (OTC) Drugs in General Stores A Step Towards Affordable Healthcare in IndiaApril 23, 2024
Student Health Crisis: Food Poisoning Incident Strikes Pune Coaching CentreApril 23, 2024
The Impact of Diabetes on Kidney Health: Diabetic Nephropathy ExplainedApril 23, 2024
Toddler Hospitalized After Consuming Expired Chocolates: Health Concerns RaisedApril 23, 2024
After months of diagnostic delay, a migrant worker could access TB services only when a community health worker met himApril 22, 2024
Indian Spices Contaminated with Cancer-Causing Chemical: Hong Kong Food Regulators Issue WarningApril 22, 2024
FTCCI organised a Workshop on Rooftop Kitchen GardeningApril 20, 2024
Children in Cities Exposed to Elevated Lead Levels: Study Reveals Urgent Health ConcernApril 20, 2024
Biocon Ventures into Weight-Loss Drug Market with Semaglutide DevelopmentApril 20, 2024
Innovative AI Assistance Empowers Moscow Doctors to Detect Cervical Spine Issues through MRI ScansApril 20, 2024
Air India Express ties up with AISATS for AeroWash Automated Aircraft Exterior Cleanings April 19, 2024
IndoSup raises strategic funding led by CCI group promoters Naresh Sharma and Satish Sharma; investors include Yatra.com’s Rohan Mittal April 19, 2024
10 compelling reasons why choosing right media platform Is important in healthcareApril 19, 2024
Protecting Public Health: Proposed Guidelines for Pharmaceutical Product DistributionApril 19, 2024
What is Haemophilia: A Genetic Bleeding Disorder that has Affected 1,36,000 IndiansApril 19, 2024
Climate Change and Stroke Risk: Exploring the Impact of Temperature Fluctuations on Your Body April 19, 2024