Supply chains are one of the most complex and least efficient components in the business of delivering goods from farmers to consumers. And when they don’t function effectively, whole communities around the globe suffer.
That’s why KisanHub is taking a Series A round of funding to build upon 2018’s progress signing deals with two out of the five largest global food and beverage companies in the world.
KisanHub helps global food and beverage companies manage their supply chains efficiently by connecting directly with their farmers to collect information and by revealing supply-chain insights.
How it works
The investment round was led by venture capital firm Sistema_VC who have previously invested in a number of European deep tech startups. The Sistema investment is alongside venture capital firms Notionand IQ Capitalwho followed their investment from the seed round.
The investment will be used to continue the development of the platform and implementation of it across multiple geographies for global brands. KisanHub currently has 14 enterprise clients using its platform to bring together supply chain data to help simplify complex decisions. This helps to make agriculture predictable and profitable, helping enterprises and farmers move from intuition-based decision-making to analytical decision-making.
KisanHub’s CEO, Dr Sachin Shende
“KisanHub’ existing clients are looking to scale the implementation across tens of thousands of farmers growing crops on millions of hectares of land spanning their global supply chain. This is a massive undertaking and also a massive opportunity for KisanHub with a big positive impact on sustainability.”
“The Series A round will help KisanHub help scale the team to scale the platform with focus on enhancing Data Insight capabilities of the platform. We are excited to have
Sistema_VC joining us on this journey and it is great to have our existing investors, Notion and IQ Capital, backing us again.”
Sistema_VC’sManaging Partner, Dmitry Filatov
“Supply chain is one of the most complex and least efficient components in the business of delivering goods from farmers to consumers. Algorithms by Kisanhub make the supply chain more reliable and the procurement process predictable.”
“Supply chain is always at seasonal risk, which machine learning helps to reduce. Optimisation of such a complicated process appears to be at a strong demand in agriculture.”
AB InBev’s Chief Procurement and Sustainability Officer, Tony Milikin
“After KisanHub’s strong pilot performance in our 100+ Accelerator in the APAC region, we are very pleased to see them go on and raise a substantial Series A investment round.”
“Over the last year, we worked together to implement their technology to improve the sustainable farming practices of thousands of farmers in India, as part of our journey to hit our 2025 Sustainability Goal as well as the UN’s Sustainable Development Goals, said Tony Milikin, Chief Sustainability and Procurement Officer at AB InBev.”