Greenhouse agritech startup Clover recently announced that it has raised $5.5mn in Series A funding round from Omnivore. The funding round also saw participation from existing investors Accel and Mayfield.
In a press release Avinash BR the Co-founder of Clover, said “We are thrilled to partner with Omnivore, Accel, and Mayfield as we scale our operations across multiple metro areas. This additional funding will help to accelerate the growth of our managed farm network, support our entry into new cities, and diversify our B2B and B2C fresh produce offerings.”
Clover was founded by Avinash BR, Gururaj Rao, Arvind Murali, and Santhosh Narasipura. The company is an agritech platform that collaborates with farmers across the country and markets green-house grown produce through Business to Business or Business to Consumer models. The company plans to use these new funds to grow its farm network and for the diversification of its offerings.
Talking about the investment Mark Kahn, Managing Partner of Omnivore, said: “We believe that Clover is building India’s first fresh produce supply chain adapted to the challenge of climate change. By leveraging peri-urban greenhouses, Clover can deliver the highest quality vegetables and fruits to B2B and B2C consumers in India’s largest metro areas. Omnivore is excited to support Clover in the coming years as they scale to new heights.”
Existing investors Accel and Mayfield had earlier in December 2018 invested in Clover’s seed round funding while the company was still in stealth mode.
Prashanth Prakash, Partner at Accel, said, “Clover is transforming the perishables supply chain to better serve the new-age Indian consumer who values high-quality produce. We look forward to the journey with a team that has a deep understanding of this space.”
Thanking the investors, Co-Founder Avinash said, “We are thrilled to partner with Omnivore, Accel, and Mayfield as we scale our operations across multiple metro areas. This additional funding will help to accelerate the growth of our managed farm network, support our entry into new cities, and diversify our B2B and B2C fresh produce offerings.”
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