Agritech startup Unnati Agri raises Rs 28.5 crore, enters strategic partnership with IPL Biologicals

Unnati Agri aims to use the fresh funds to expand its product line by having a joint go-to-market arrangement with IPL Biologicals. IPL Biologicals has a range of patented microbial and biological nutrition, biocontrol and soil and plant stimulants.

Since its inception, Unnati has been committed to minimizing the risks in agriculture through the use of the latest in agriculture and digital technologies. The combination of latest in agriculture technology and adoption of its digital technology will help farmers improve farm productivity and also mitigate risks emanating from the effects of climate change and help drive more sustainable farming.

Ashok Prasad, co-founder of Unnati Agri, said, “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 the latest bio-products.”

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

Unnati aims to grow stronger by expanding its network to reach more farmers as it targets to serve 5 million farmers. The start-up already serves more than 1.2 million plus farmers through its network of more than 75,000 ‘ustores’. Currently the focus is on expanding the full suite of services across the supply chain and financial services for all the stakeholders in the agriculture ecosystem.

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