Y Combinator-backed agritech startup Kisan Network recently announced that it has raised $3million in a seed funding round. Led by Atsushi Taira at Milestone, the round saw participation from Y Combinator, the Thiel Foundation, Venture Highway, FundersClub, Lynett Capital, Gokul Rajaram, and others.
Kisan Network was founded by a father-son duo, Aditya and Sanjay Agarwalla in 2015. The Gurugram-based startup has an integrated supply chain for farmers to sell their produce directly to buyers without involving middlemen. The company claims to have over 55k farmers from over 6k villages in India in its supply chain. The company also claims that 100% of its products are directly procured from the farmers.
The company plans to use these funds for expansion into new regions and to add support for more crops across the country. The company also said that a portion of these funds will be used towards introducing new farmer-centric products and services.
“We see immense value in Kisan Network’s focus in providing market linkages directly to farmers, and their progress so far in building out each aspect of their tech-enabled supply chain is highly promising,” said Atsushi Taira, managing director, Mistletoe Singapore.
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