India Deal Monitor: Aibono raises $2m from Rebright Partners, others

Bengaluru-based agritech startup Aibono has raised $2 million funding from Rebright Partners, Mitsui Sumitomo Insurance Venture Capital and Lesing Artha, a subsidiary of Rianta Capital.

“With this round of funding, we will now invest to scale capacity and increase supply to our existing Kirana businesses, expanding to institutional retail, as well as making possible direct-to-home supply of super perishables via modern delivery platforms like Swiggy, Dunzo, and Amazon in the next phase of our growth,” the startup’s founder and CEO Vivek Rajkumar said.

With the help of its AI powered full-stack farm services and demand-supply syncing technology, Aibono helps farmers from the Nilgiris and surrounding villages in Tamil Nadu to grow premium perishable vegetables and herbs with better yields.

Currently, Aibono is working with more than a thousand farmers and 800 retailers. It is targeting to double the number of farmers on its platform to 2,000.

INDIA DEAL MONITOR

Here are 15 prominent venture capital transactions in India from September 1-6, 2020.

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