Aqgromalin, an agri-tech startup, raised Rs 2 crore

Agri-tech company Aqgromalin said on 29 December that it has raised Rs 2 crore from Middle East participating angel investors.

In developing 500 micro-farms in the states of Tamil Nadu, Telangana, and Andhra Pradesh, the company aims to use the capital, it said in a statement.
Aqgromalin supplements small farmers’ income by being ready to introduce micro-farms, especially in the areas of animal husbandry and aquaculture.

Aqgromalin’s co-founders, Prasanna Manogaran and Bharani C L, said: “Our company plans to utilise these funds in improving and accelerating the implementation of micro-farms that is going to uplift the living of the farmers. Additionally, our plans to strengthen the technology backed platform will drive the business forward in the domain of agri-tech.”

The business was founded by Prasanna Manogaran in 2018. It addresses Agri-Tech, Agricultural Utilities, and Aggregators for Small Farm Holders.

Aqgromalin is a Farm Diversification Integrator that helps farm owners to diversify into aquaculture and animal husbandry. By supplementing their revenue with creative growth ideas and helping them execute them.

Established in 2019, Aqgromalin has operations in Tamil Nadu, Andhra Pradesh, and Telangana. It aims to supplement the income of small landholding farmers by micro-farms that are ready for implementation. For various agricultural implements and technology, this makes access easier.

The company designed an optional procurement strategy at a fair market price for the farmers. In addition, it works closely with financial institutions to help and enhance the accessibility of eligible farmers to a structured credit system in order to reduce the burden of interest on them.