Subscribe to our newsletter and stay informed

Check out our list of top companies

Check out our carefully compiled lists of the most relevant and impactful companies within their fields.

Check out our list of top unicorns

Read and learn about the biggest companies that various countries have produced, how they made it, and what the future looks like for them.
December 28, 2023

Fasal Sprouts Success with $12M Funding, Taking Agriculture Beyond Boundaries

Fasal emerges as the seed of change, announcing a triumphant funding round that bloomed into a lush $12 million

In a green revolution for agritech, Fasal blooms with vitality as it announces a significant funding milestone, cultivating a $12 million infusion in a funding round led by TDK Ventures and British International Investment (BII). The fertile ground of investment also sees the participation of ITI Growth Opportunities Fund, Navam Capital, and Aureolis Ventures, along with a reunion of support from existing investors 3one4 Capital, Omnivore, Wavemaker Partners, Genting Ventures, and The Yield Labs Asia Pacific. Nestled in Bengaluru, Fasal propels its vision of sustainable agriculture, empowering horticulture farmers with groundbreaking Internet-of-Things-crop intelligence technology across vast expanses of 75,000 acres.

Fasal, a stalwart in agritech, is not just a startup; it's a cultivation of transformative technology spanning 75,000 acres. With a mission to empower horticulture farmers, Fasal deploys patented IoT-crop intelligence, fostering the growth of grapes, pomegranates, bananas, apples, chili, and cardamom. The impact is profound, with Fasal boasting significant achievements – a reduction of 82.8 billion liters in irrigation water consumption, a decrease of 127,426 kilograms in pesticide usage, a cutback of 54,965 metric tons in greenhouse gas emissions, and an increase in yields and quality by up to 30%.

This funding infusion serves as a catalyst for Fasal's ambitious plans. From the existing 75,000 acres, Fasal sets its sights on expanding its presence to a sprawling 500,000 acres. The mission doesn't stop there – Fasal envisions providing farmers access to sustainable crop inputs, farm-level crop insurance, and working capital at lower interest rates. Shailendra Tiwari, founder and chief executive of Fasal, articulates this vision, marking a commitment to not just cultivation but a sustainable transformation in agriculture.

As Fasal welcomes this $12 million funding harvest, it's not just a financial milestone; it's a testament to the belief in revolutionizing agriculture. TDK Ventures and British International Investment (BII) join hands with other investors, acknowledging Fasal's full-stack approach in combining sensors and technology with a marketplace to uplift farmer earnings and create a sustainable impact. Fasal's journey is not just a tech evolution; it's a story of growth, innovation, and a greener future for agriculture. As Fasal plants the seeds of transformation, the fields of sustainable agriculture stretch beyond horizons. Stay tuned for a harvest of impact and a future where technology transforms the roots of agriculture.

Josefina Dipaolo
Josefina Dipaolo
Content writer at TechNews180
Back to top

Related articles

chevron-down linkedin facebook pinterest youtube rss twitter instagram facebook-blank rss-blank linkedin-blank pinterest youtube twitter instagram