Bengaluru-based agritech robotics startup TartanSense has raised $5 million in its Series A funding round led by FMC Ventures and Omnivore, the firm announced on Wednesday.
The financing also saw participation of existing investor Blume Ventures. This brings the total funds raised by the company to $7 million.
Founded in 2015 by Jaisimha Rao, an alumnus of Carnegie Mellon University, TartanSense builds small agricultural robots, equipped with AI-assisted computer vision, for all major farming activities – sowing, spraying, weeding, and harvesting – which simultaneously drive down cultivation costs while improving crop yields.
“Our mission is to make smallholder farmers wealthier by shipping monetisable robots. TartanSense will have the world’s largest fleet of agriculture robots in the next 18 months,” Rao said.
In a statement, TartanSense said, India is the largest grower of cotton in the world with 33 million acres under cultivation and an average weeding spend of $100 per acre. The market potential only for weeding in cotton is over $3 billion annually. The company aims to focus on cotton as well as several other crops with high cost of weeding.
INDIA DEAL MONITOR
Here are prominent venture capital transactions in India announced between August 25-26, 2021.
