Krishitantra, a soil-tech platform, has raised $1 million (Rs 7.6 crore) in its seed round of funding from agritech-focused venture capital investor Omnivore and Nabventures. Nabventures is anchored by Nabard (National Bank for Agriculture and Rural Development). It has other investors as well. The startup will primarily use the funding to fuel its local and foreign expansion.

— The Economic Times

With the fresh capital, Nabventures shall assist Krishitantra accelerate the spread of its soil testing technology by connecting them with their network of FPOs and leveraging Nabard’s pan-India presence.

IC Universal Legal advised Krishitantra led by a team of partner Sameena Chatrapathy, senior associate Alpna Arya, senior associate Ashtawadh Balan, associate Pooja Shree.

Acuity Law acted as the legal advisor to Nabventures,.

BDO LLP assisted as the financial and tax advisor to Krishitantra in the deal.

2020-08-01

Deal value: INR 7.6 crores (USD 1 million)

This deal report is based on a firm's press release and may be only partially complete. Some firms or names of advisers may be therefore be missing.