Early stage venture capital fund FAAD Capital has made a strategic investment of $121,000 in four agritech startups through its AgriManch accelerator program. The startups receiving the investment in this pre-seed round are Godaam Innovations, VedaFit Foods, Aqin Biotech, and Mkelly Biotech.
FAAD Capital, known for its support of early-stage ventures, will also provide post-funding support to these startups. This includes connecting them with key stakeholders to enhance revenue generation and build networks within the agriculture sector, aiding their go-to-market strategies.
Godaam Innovations, a leader in smart storage solutions, aims to reduce post-harvest losses and improve supply chain efficiency. Previously, Godaam Innovations secured $180,000 in external funding.
Aqin Biotech focuses on enhancing the survival rates of aquaculture and livestock feed. The company’s formulations promise to increase survival rates by 20-25% and reduce mortality by 60-70%.
Mkelly Biotech offers a premix powder combining millets and mushrooms to boost the nutritional value of flour and related products, catering to all age groups.
VedaFit Foods, based in Delhi, is committed to eliminating artificial ingredients by providing genuinely healthy and natural food products enriched with essential nutrition.
Gurugram-based FAAD Capital collaborates with a variety of industry stakeholders to support agritech startups through its initiative. The firm invests between $100k and $500k, ranging from Pre-Seed to Series A stages. FAAD Capital manages a portfolio of over 100 startups and boasts more than ten successful exits.