Desai acts on $1.5m Kalaari pre-Series A in AgNext

Pre-Series A round investment by Kalaari in AgNext Technologies by subscribing to equity shares and cumulative compulsorily convertible participatory preference shares, according to reports.

Early-stage venture capital firm Kalaari Capital has bet on a startup in the agricultural technology segment, a person privy to the development told VCCircle. The VC firm has invested in Mohali, Punjab-based agri-analytics startup AgNext Technologies Pvt. Ltd, the person said, asking not to be named. — VCCircle

Desai & Diwanji advised Kalaari Capital Partners III, LLC led by a team of partner Siddharth Mody senior associate Rahul Deodhar and senior associate Prerana Chaudhari.

2018-12-17

Deal value: Approx $1.5m - $2 million

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