fbpx

New Leaf raises Rs 6.15 Cr pre-Series A round

Enterprise New Leaf Dynamic Technologies, a provider of cold chain solutions situated in New Delhi, has raised Rs 6.15 crore in a pre-Series A financing from Moskovitz’s company Good Ventures LLC.

Previously, the company had received a $50,000 grant from Villgro, a $100,000 grant and technical support from Water Energy for Food (WE4F) South and Southeast Asia, as well as grants of $5,000 each from CEEW, Ikea Foundation, and CEEW.

The business intends to broaden and expand its product offering in the near future and make its current product, the GreenCHILL refrigeration unit powered by biomass, available to more channel partners.

By extending the shelf life of perishable products, New Leaf’s refrigeration technology—which Akash Agarwal helped co-found—enables microbusinesses to generate more cash.

By offering loan guarantees through multiple banks and financial partner organisations on behalf of the farmers, New Leaf recently modified its business model to give access to credit to its end-users: farmers and farmer-producer businesses.

According to New Leaf, it currently supports about 15,000 farmers, and after raising money, it hopes to improve the livelihoods and income of more than 2 lakh small and marginal farmers over the course of the following three years.

About New Leaf Dynamic Technologies

New Leaf Dynamic Technologies is the inventor of biomass powered refrigeration technology. New Leaf expertise’s in establishing end-to-end cold supply chain from farm to fork and guide farmers on post-harvest management practices to handle harvested produce for reducing supply chain losses.

A Green Way of Preserving

Perishable foods comprises of fresh meat, vegetables, natural products, foods from chilled pantries, and freshly cooked food that is stored for later use. These sorts of foods are put away in cold capacity or fridge for increasing their life.

Lowers Deterioration Rate of Perishable Foods

One of the great benefits of using a cold storage is that the low temperature helps in lowering the rate of chemical changes and growth of microorganism enzymes in foods. In simple words, the rate of food spoiling is lowered down to a great extent.

Temperature Controls

There are different areas in the refrigerator that are being operated at different temperatures. In older cold storages, the upper shelves used to be controlled at slightly colder temperature as compared to lower shelves. In modern refrigerators, the temperatures are relatively uniform thoroughly.

When was New Leaf Dynamic Technologies founded?

New Leaf Dynamic Technologies was founded in 2012.

Who is the founder of New Leaf Dynamic Technologies?

Anurag Agarwal is the founder of New Leaf where he developed GreenCHILL, a refrigeration system that is powered by Biomass or Farm Waste instead of electricity. Bachelor’s and Master’s degree in Mechanical Engineering from Indian Institute of Technology Kanpur, India and Tennessee Technological University, USA. 39 years industry experience in management and engineering delivering engineering to the worlds largest Mechanical engineering companies including Bosch Rexroth, Parker Hannifin, Eaton Corp.

Is New Leaf Dynamic Technologies hiring?

Currently New Leaf Dynamic Technologies is not hiring.

What is the team size of New Leaf Dynamic Technologies?

As per the popular social media site LinkedIn, New Leaf Dynamic Technologies has 6 employees.

Where is the head office of New Leaf Dynamic Technologies?

New Leaf Dynamic Technologies headquarters is in 23, Block B1, Block E, Mohan Cooperative Industrial Estate, Badarpur, New Delhi, Delhi 110044.

How much is the revenue of New Leaf Dynamic Technologies?

New Leaf Dynamic Technologies’s operating revenues range is INR 1 cr – 100 cr for the financial year ending on 31 March, 2019.

New Leaf Dynamic Technologies seems to be a fascinating startup with a motivating turn of events on environmental services platform. This startup would continue to prosper in the future. Wishing this startup good luck in all its future endeavors.

Shishir Gupta, Founder and CEO, StartupLanes
Cold Chain Solutions - Assan Panel

Don’t keep wondering about funding, you can also raise funds. Learn how to raise funds here: Yes I want to raise funds.

If you are an emerging startup and are looking for investors to raise funds, StartupLanes has its own angel network and investment banking services and is connected to angel investors and VCs in 15 countries that ensure that our member startups have easy access to external funds to scale up constantly.

You can subscribe to our news posts by entering your email in the box on the right side of this page.

Check out our YouTube channel for insightful content from the Indian startup ecosystem.

Or join our Whatsapp group to interact with other founders: Yes, I want to join the Whatsapp group.

The right investment is key to beating inflation and growing your wealth. Do you wish to become an angel investor? Yes, I want to be an angel investor.

Are you a startup and facing challenges in your business? Do you want to grow your business? It is not as difficult as it sounds. Learn how to grow your business here- Yes, I want to grow my business.

For Editorial/Rectification please email aditi@startuplanes.com

Tags

top