Founded in 2018, Agro2o claims to offer urban millennials an intelligent and advanced indoor hydroponics system, which automates the process of growing fresh herbs, vegetables, medicinal plants and flowers. Its product, called Smart Garden, allows for quick nutrient infusion, water refill reminders, and comes with features such as automated lighting and water and air quality detectors.
The startup’s founder Yash Vyas said the investment would help the company offer robust and sustainable solutions for better living.
INDIA DEAL MONITOR
Here are some prominent venture capital transactions in India between June 12 and June 16, 2020.
|Startup||Headquarter||Investment Size (USD)||Investment Stage||Lead Investor(s)||Other Investor(s)||Industry||Verticals|
|Concinnity Agro2o Pvt. Ltd||New Delhi||-||-||Mumbai Angels Network||-||Agribusiness||AgTech|
|Jai Kisan||Mumbai||3.9 million||Pre-Series A||Arkam Ventures||NABVENTURES Fund I, Blume Ventures, Prophetic Ventures, Better Capital, The Chatterjee Group (TCG), Rajiv Sahney of New Vernon Capital LLC and Sanjay Mariwala of OmniActive Health Technologies||Financial Services||Fintech|
|SARVA||Mumbai||-||-||Shikhar Dhawan||-||Travel & Leisure||Fitness & Wellness|
|Binah.ai Ltd||Israel||-||-||Artha India Ventures||-||Heatlhcare IT||HealthTech|
|Sai Estate Management & Skills Institute||Chembur||-||-||Suniel Shetty||-||Education/Training||EdTech|
|Edvizo||Bengaluru||150,000||Seed||Inflection Point Ventures (IPV)||-||Education/Training||EdTech|
|Halaplay Technologies||Bengaluru||1.9 million||-||Nazara Technologies||-||Travel & Leisure||eSports|
|WarmOven||Bengaluru||-||Seed||Jyoti Bansal||Anuj Srivastava, co-founder of Livspace, Abhishek Goyal, founder of Tracxn, Nitin Gupta, former CEO of Ola Financial Services, Harpreet Grover and Vibhore Goyal, co-founders at CoCubes||Food||Foodtech|
|Jimmy’s Cocktails||Gurugram||350,000||Seed||Ekcle Ventures||Vidur Talwar, Chairman T&T Motors, Angad Bhatia, CEO Indiatimes Lifestyle Network||Food||E-commerce|
|Quolum||Bengaluru/US||2.75 million||Seed||Sequoia's Surge, Nexus Venture Partners||-||Software||SaaS|
|LetsTransport||Bengaluru||1.3 million||Debt||Stride Ventures||-||Logistics & Distribution||Ridesharing /Transport|