Just Climate has led a $30-million equity funding round in Indian agritech startup AgroStar. Separately, Yubi Group has secured Rs 411 crore in new funding.
AgroStar raises $30m led by Just Climate
Environment-focused investment firm Just Climate has led a $30-million equity funding round in Indian agritech startup AgroStar.
Existing investors Aavishkaar India, Bertelsmann, Evolvence India, Chiratae Ventures, and Hero Enterprises also participated.
The company said it will use the corpus to expand its operations across India and strengthen its product offerings. A portion of the funding will also go towards ramping up its investment in AI for the platform.
AgroStar, founded in 2013, operates a platform that helps farmers buy supplies, get farming advice, and sell their crops.
The company claims to be working with over 10,000 retail stores and says its app and online channels reach over 10 million farmers.
Yubi secures fresh funding in debt, equity
Yubi Group, a Chennai-headquartered debt marketplace, has secured Rs 411 crore in new funding, per an announcement. Of this, Rs 75 crore came in the form of equity from its founder and CEO, Gaurav Kumar.
The funding round also features a combination of debt and equity totalling up to Rs 336 crore, provided by EvolutionX Debt Capital, a platform specialising in growth-stage debt financing.
According to a media statement issued by the company, the funding will be used to develop proprietary AI products, which in turn will help Yubi deliver end-to-end debt lifecycle.
There are four specialised companies under the Yubi umbrella—Yubi, Accumn, Spocto X, and YuCollec. They provide services across lending, risk assessment, and collections.
Established in 2020, Yubi also counts Peak XV, Insight Partners, Lightspeed, B Capital Group, Dragoneer, and TVS Capital, among its backers.
