[Portfolio News] Aqgromalin raises $5.25 million in funding
Zephyr Peacock invests in small and medium sized enterprises operating across financial services, food and agriculture, and infrastructure ancillaries sectors. The Fund has invested in Aqgromalin, a tech-driven provider of services related to animal husbandry and allied activities.
Click here to read the full article on ‘The Times of India’
Below is an excerpt from the post that first appeared on The Times of India on 27 January 2022:
Agritech platform Aqgromalin has raised $5.25 million in a pre-Series A funding round that saw participation from Sequoia Capital India’s – Surge programme and VC firms Omnivore Partners India and Zephyr Peacock India. The round was said to be oversubscribed with large inbound investor interest.
The startup plans to use the funds to strengthen its market expansion, farmer base, technology and product categories. Aqgromalin is building a full stack platform that helps farmers diversify into animal husbandry and aquaculture. The Chennai-based startup provides data-backed, traceable, supply chain to farmers, butchers, meat companies and exporters for their poultry, seafood and livestock needs. It claims to have recorded a 10X revenue growth in the last six months and has over 300,000 farmers and micro-entrepreneurs on their platform.
