Qzense Labs, an agri-tech startup building the next-generation IoT solution for fresh food quality assessment and management, has raised Rs 4.5 crore in seed capital led by Venture Catalysts.
Other participants in this round include 9Unicorns, the accelerator fund set up by Venture Catalysts, The Chennai Angels, Entrepreneur First, and Lumis Partners.
Founded in 2019 by Rubal Chib and Srishti Batra, Qzense provides an end-to-end internet-of-things (IoT)-based solution that provides quality assessment through a grading process. It also offers clients a web dashboard to offer real-time insights and alerts regarding the produce being scanned.
The company will use the capital it has raised to invest in its expansion by scaling its team and accelerating marketing efforts, Chib said.
The investment marks the latest bet by Venture Catalysts as the year draws to a close. The incubator and accelerator was set up in 2015 by Apoorva Ranjan Sharma, Anuj Golecha, Anil Jain and Gaurav Jain. It invests between $250,000 and $1.5 million in early-stage startups and provides networking opportunities and mentoring to portfolio companies.
HrNxt.com Newsdesk has researchers and writers with an excellent domain knowledge about the talent ecosystem, and the business environment. The team keeps a tab on the latest happenings in the ecosystem to bring most relevant news and insights for our readers. You can connect with our newsdesk at newsdesk@hrnxt.com.