Unnati Agri raises Rs 28.5 crore from IPL Biologicals, others

Unnati agriAgricultural Supply Chain & Financial Services has entered into a strategic partnership with IPL Biologicals to focus on climate-ready products. It has also raised ₹28.5 crore led by the family office of IPL Biologicals, a leading agro-biological company.

Other existing investors, including Incofin Investment Management, Nabventure, and Orios, also participated in the round. The company said in a statement that Onati aims to use the newly raised funds to focus on sustainable and climate-ready products.

The startup will expand its product line through a co-marketing arrangement with IPL Biologicals, which has a patented suite of microbial and biological nutrition, biocontrols, soil and plant stimulants; and other products.

Also read: Onati launches academy to train agricultural retailers

Ashok Prasad, Co-Founder of Unnati Agri, said, “After strengthening our tech infrastructure and growing the uStore network, we are determined to expand our range of sustainable products across India. Through this partnership with IPL Biologicals, we will help farmers adopt better and more sustainable farming practices.” , backed by a suite of the latest vital products.”

“IPL Biologicals’ strong technology-driven approach to sustainable products, along with the reach of Unnati distribution, will accelerate the adoption of bioproducts in India. We look forward to aggressively expanding across India through this partnership,” said Harsh Vardhan Bhagchandka, President, IPL Biologicals. .

Unnati aims to become stronger by expanding its network to reach more farmers. Aiming to serve five million farmers, this startup already serves more than 1.2 million farmers through its network of more than 75,000 ‘ostori’. Currently, the focus is on expanding the full suite of services across the supply chain and financial services to all stakeholders in the agro-ecosystem, the statement said.