<article><p>Agtech startup Aibono, IoT startup EroNkan, and automobile parts marketplace SparesHub are among the latest Indian startups to have raised funding.</p></article>

<p>Agtech startup Aibono, IoT startup EroNkan, and automobile parts marketplace SparesHub are among the latest Indian startups to have raised funding.</p>
<h3>Menterra leads $2.5m round for Aibono</h3>
<p>Artificial intelligence-powered fresh food aggregation platform Aibono has raised $2.5 million in a pre-Series A funding round led by social impact investor Menterra Venture Advisors.</p>
<p>The round also saw the participation of Silicon Valley-based Milliways Venture, Zurich-based Artha Ventures, Japanese fund Rebright Partners and venture capital firm 3one4 capital.</p>
<p>The startup will use the funds to power its next phase of growth, wherein it plans to expand its market reach to more cities, rope in 1,000+ standalone retailers, strengthen logistics and ramp up its headcount. The company has more than 400 farmers on its network currently.</p>
<h3>GVFL backs IoT startup EroNkan</h3>
<p>Venture capital firm GVFL has invested an undisclosed amount in a Series A funding round for IoT startup EroNkan Technologies Pvt. Ltd, per an announcement.</p>
<p>EroNkan, which is headquartered in Ahmedabad with a product development centre in Bangalore, provides the infrastructure that enables IoT technology for applications across various industries including food and beverages, pharmaceuticals and discrete manufacturing verticals.</p>
<p>The startup plans to use the funds for technology development and to scale its operations.</p>
<h3>Indian Angel Network invests in SparesHub</h3>
<p>Indian Angel Network has invested Rs 3.5 crore in Pune-based automobile parts marketplace SparesHub.</p>
<p>The funding was led by Indian Angel members Neeraj Garg, Harsh Gandhi and Ankur Agarwal. The startup&#8217;s existing investor Holomua Group also participated in the round.</p>
<p>SparesHub will utilise the funds for geographical expansion and strengthening its technology capabilities.</p>


AI-powered fresh food aggregation platform Aibono has raised $2.5 million in a pre-Series A round led by social impact investor Menterra Venture Advisors.

India Dealbook: Aibono, EroNkan, SparesHub secure funding

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India Dealbook: Aibono, EroNkan, SparesHub secure funding

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