Bharat Rohana Gurugram, India-based agtech startup specializing in drone-based hyperspectral remote sensing closed $2.3 million in pre-IPO financing.
Backers included Villgro Innovation Foundation, Caspian, RevX and Venture Garage (with a group of ultra-high net worth individuals as investors), representing a strategic combination of debt and equity financing.
Founded in 2016 by Rishabh Choudhary and Amandeep Panwar, BharatRohan provides a system that detects diseases, pests and nutrient deficiencies at early stages, enabling integrated pest management (IPM) strategies for residue-free crop cultivation. The company provides farmers with real-time, data-driven insights for informed decision making, optimizing resource allocation and improving crop resilience to unpredictable weather conditions. Currently, the company supports 50,000 farmers across 2,000,000 acres across 5 states with its advanced drone-based decision support system (DSS), known as BharatRohan® CropAssure®.
The company plans to use the funds to develop proprietary edge computing drones specifically for precise crop monitoring and variable pesticide application. These drones will be made available to rural entrepreneurs through franchise models, allowing them to provide CropAssure® services to farmers. In addition, BharatRohan plans to develop compact hyperspectral and multispectral sensors for drones.
The company is all set to expand its operations and offerings to cover 10 lakh acres across 15 Indian states by 2025. While BharatRohan continues to provide its drone-based Decision Support System (DSS) for crop monitoring, it also ventures into sourcing residue-free agricultural products through Integrated Pest Management (IPM) practices implemented by farmers using BharatRohan CropAssure® services. BharatRohan aims to introduce its pesticide residue-free agricultural products to consumers around the world, thereby expanding its reach and impact on a global scale.
FinSME
July 5, 2024
Comments are closed.