An Agri-tech startup, Humus that aims to solve the complex supply chain problems in the agricultural sector has raised undisclosed funds from integrated incubator and accelerator Venture Catalysts, 9Unicorns Accelerator fund and We founder’s Circle.
“On behalf of Humus, we welcome the team at Venture Catalysts & We Founders Circle to join us in our journey to disrupt the agri-fresh supply chain in India with our ground-breaking offerings, business model and business ideas. Our concept has already been recognized by market leaders and our scalable business model is setting the trend for industry standards. Our team members come with deep domain knowledge and out of the box thinking and are committed to providing solutions for any size of scaling,” a spokesperson of Humus, said on the investments.
“Humus aims to provide a full stack supply chain solution by connecting the stages of production, procurement, processing and marketing of fresh produce. This will not only maintain a consistent and fair market price for both the farmers and the consumers but will also minimize everyday wastage of quality produce. The start-up’s vision to promote sustainable agricultural practices for better produce addresses the some of the most pressing need-gaps in the agricultural sector. We sincerely hope that funds help the founding team in creating a brighter and more successful future for their company,” said Dr. Apoorv Ranjan Sharma, Co-founder & President – Venture Catalysts & 9Unicorns.
Neeraj Tyagi, Co-founder, CEO, WeFounder Circle, said, “Agriculture is a big segment which is all set for disruption in India. But to make an impact, it needs matured founders like Manjunath who is perfect blend of farming background, is a technology expert & engineering teacher turned successful entrepreneur. I had personally been big fan of Manjunath & Shilpa from their last successful venture Royal Brothers & we have always been sharing ecosystem updates with each other. I am sure with their committed vision & strong execution strength, they will create Humus as one of the biggest impact company in agriculture domain.”
Established in 2019 by Manjunatha T N and Shilpa Gopalaiah, the startup seeks to disrupt the supply chain of the Indian agricultural sector. With the help of technology, it addresses the pain points involving logistics of fresh produce.
–AK
Arya has been a part of the Content & Research Team at Hrnxt.com. She is a keen observer of economic developments, emerging businesses, people in business and keeps a tab on latest happenings in the business environment.