Synopsis
AgriTech Startup Cropcoin Technologies (Pehle Jaisa) on Monday said it has raised Rs 12 crore in a pre-series A funding round led by venture capital firm Unicorn India Ventures, with participation from Climate Angels.The funds raised will support the firm's expansion into Bihar and Jharkhand. The company intends to scale its activities from 10 districts to all 66 districts in the two states.
"With an aim to build a decentralised supply chain model, the company will focus on capturing the entire 66 districts in Bihar and Jharkhand from the current 10 district presence and will further strengthen its presence in the North East over the next 3 years," the company said in a statement.
The capital will also be utilised to fund research and development in bio-category products to enhance soil health and cut reliance on chemical inputs.
Cropcoin, founded in 2022, converts animal waste into organic fertiliser and bio-stimulants directly at the source. To date, it claims to have managed over 4,000 tons of waste and supports a community of 70,000+ farmers across Bihar, Jharkhand, and Manipur.
