Agtech startup Fyllo has raised $2 million in funding led by Triveni Trust, Ninjacart and existing investor Indian Angel Network (IAN), the Bengaluru-based company said on May 13. The round also saw participation from new investors, including Venture Catalysts, StarAgri, Kia Ora Ventures, Singularity Ventures and Mastermind Capital.

“Farmers are already seeing the impact and enhanced adaptability of this technology. With the funding, we are looking to invest in expanding our brand into new markets and more crops,” said founders Sudhanshu Rai and Sumit Sheoranand.

Founded in 2019, Fyllo’s data-driven agricultural science platform develops crop-specific models for irrigation, nutrition, disease, pest and weather management for each physiological stage of crops and soils. The company says its Internet of Things (IoT) system understands and measures the precise needs of plants in real-time. Then an AI-driven agricultural science platform provides farmers with timely recommendations.

“Fyllo’s specific, precise and AI-driven advice for farmers helps them improve crop productivity, reduce input costs and 100 per cent customer retention, reflecting farmers’ confidence in Fyllo products. This will help transform farming in India. We are in Fyllo,” MK Dhanuka, managing trustee of Triveni Trust.

Ninjacart co-founder and CEO Thirukumaran Nagarajan said, “Fyllo delivers actionable insights through a combination of technology, science and data. We look forward to working with the Fyllo team to expand their distribution through Ninjacart’s network of farmers across the country.”

In June 2021, the startup raised Rs 3 crore from IAN, Titan Capital and Lead Angels. Padmaja Ruparel, the co-founder of IAN, said: “IAN invests in transformative startups like Fyllo, whose businesses continue to grow. The founders bring passion and leadership, and we are excited to be a part of Fyllo’s journey.” Fyllo has expanded its services to more than 2,000 farmers and more than ten companies on 20,000 acres in four US states.