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100X.VC Team
Written by various collaborators within Team 100X.VC
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May 13, 2022
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The funding round was led by Triveni Trust, Ninjacart, and Indian Angel Network (IAN) and new investors Venture Catalyst, StarAgri, Kia Ora Ventures, Singualrity Ventures, Mastermind Capital, and angel investors. 

Mumbai, May 13, 2022

: Fyllo, an agri-tech startup, raised $2 million in a funding round led by IAN, Triveni Trusts, Ninjacart, and new investors Venture Catalysts, StarAgri, Kia Ora Ventures, Singualrity Ventures, Mastermind Capital, and angel investors.

Fyllo was founded in 2019, Fyllo brings certainty to the quality and quantity of agricultural produce through its data-driven Agri-science platform. Their IoT system understands and measures precise requirements of plants on a real-time basis and then the Agri-science platform backed by AI provides timely advice to farmers. The startup has developed crop-specific models for irrigation, nutrients, diseases, pests, and weather management for each physiological stage of crop and soil.

Talking about the funding, FoundersSudhansu Rai and Sumit Sheoran in a joint statement said, "Farmers have seen the impact of technology and the adaptability has increased. Having received the funding, we are looking to invest in expanding our brand to new markets and more crops,"

Ninad Karpe

, Partner, 100X.VC said “Fyllo will have a deep impact on the agriculture sector and farmers in India with the use of AI and IoT devices. At 100X, we are delighted to be the first investor in Fyllo”

The AI-based platform had raised a cheque from 100X.VC as part of the fund’s Class 02 portfolio earlier in the year


 

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