Unnati raises USD 1.7 mn from Nabventures Fund

Agritech startup Unnati has raised USD 1.7 million (about Rs 12.5 crore) in pre-series A funding from Nabventures Fund.

"Unnati has created a platform to digitalise the major components in the food and agribusiness value chain. The predictive capabilities of the data captured by the platform enhances efficiencies while its transparent processes help in building trust among farmers and FPOs (Farmer's Producer Organisations)," Nabard and Nabventures chairman G R Chintala said in a release.

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A subsidiary of Nabard, Nabventures is a venture growth equity fund that invests in agritech, food, agri/rural fintech and rural healthtech/edutech. It has an asset under management of USD 75 billion.