With the gradual penetration of digitalization in tier 2 and tier 3, a lot of entrepreneurs have been exploring the rural space to re-engineer the existing models and make them finer to uplift the regions.
We Founder Circle (WFC) – a startup investment platform, has successfully participated in 3 aritech startup investment deals with a total worth of USD 2.5 mn. While We Founder Circle has been the facilitator of the rounds, it has also invested a combined of USD 282K. The Agro tech portfolio startups includes – Anveshan, the organic food startup with traciblity tech; Humus, India’s biggest fresh farm to kitchen retail brand; Hesa, rural distribution using phygital model & last mile connect to villages to buy and sell.
With the gradual penetration of digitalization in tier 2 and tier 3, a lot of entrepreneurs have been exploring the rural space to re-engineer the existing models and make them finer to uplift the regions.
“ Agritech industry holds immense potential without a doubt. With the growing adoption of internet, digitalization and the fact that agricultural economy in rural India cuts a thicker slice of the overall countries growth, one can easily say that if a model gains acceptance in this sector then there is no stopping for it. The market reports too suggest that the industry can grow to USD 24.1 bn in 5 years. In a short span we have already invested in 3 Agritech startup, and are looking forward to making 4 more investments this calendar year in the vertical,” said Mr. Neeraj Tyagi- Co-Founder & CEO, We Founder Circle.
Following a fast paced growth trajectory, We Founder Circle invested in over 17 startups in a short period of 2 quarters since inception in August 2020 . Growing rapidly as an investment platform with the backing of a huge community of angels, the brand aims at making 40 startup investment deals by the end of fiscal 2021-22.
Source: Business World
