QuantoAgro has announced raising funds through angel/HNI round co-led by SANangels Network with participation from HNIs from UAE and the USA and opened the round for institutional investors. ReHive.Org was the advisor to this round.
With circular economy initiatives that generate additional revenue streams and reduce operating costs, QuantoAgro aims to create a sustainable and economically resilient agricultural sector in India and improve smallholder farmer livelihood. It is committed to reducing environmental impact of agriculture, transitioning to chemical-free, regenerative, and commercial-scale farming of aromatic crops to make specialty ingredients like essential oils for pharma, home & personal care, food & beverage, and aromatherapy industries, according to the statement.
“We are delighted by the response we are getting from our customers and are rapidly expanding farming and processing capacity to meet their demands. We will use this funding to increase production capacity, diversify product mix, and hire talent to deliver value to our customers,” said Dushyant Gupta, the CEO of QuantoAgro.
Recently, QuantoAgro acquired 400+ acres of farmland in Maharashtra for expanding its operations and is setting up a world-class essential oil plant including isolate extraction capabilities, a statement said.
“We believe QuantoAgro’s ability to streamline a highly fragmented farming and processing value chain, deliver consistently on product quality, and focus on sustainability will be a game changer in the essential oils industry. We are excited with the overwhelming response from our angel investors and look forward to supporting QuantoAgro in their institutional round,” said Sanjay Shukla, Co-Founder and CEO of SANangels Network.
With its innovative approach to sustainable agriculture, QuantoAgro is well-positioned to take advantage of this growing demand. The company’s focus on reducing environmental impact of agriculture while delivering high-quality products has caught attention of customers worldwide, the statement said.
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.