nutrifresh: Agritech startup Nutrifresh raises $5 million funding from investors

New Delhi: Agritech startup Nutrifresh on Tuesday said it has raised $5 million (Rs 38.8 crore) from investors for expansion and growth. The company focuses on hydroponically grown, residue free and chemical free products.

Funding is led by Theodore Cleary, Archer Investments; Sandeep Bhamer, Managing Partner – Green Frontier Capital; Sky Kurtz, Chief Executive Officer (CEO) and Co-Founder of Pure Harvest UAE; Matthew Siriac, Florintry Advisors and former Managing Director of Blackstone India; Soumitra Dutta, Dean Elect – Said Business School, Oxford University; Shaishav Dharia, Regional Chief Executive Officer, CEO Lodha Group; Karan Goshar, Samarth Investment Advisors LLP, and others.

“The funding will be used to scale up agricultural operations, fully trace production and implement transparency, marketing and building an integrated farm-tech platform,” Nutrifresh said in a statement.

Sanket Mehta and Ganesh Nikam are the cofounders of Nutrifresh.

The entire production is handled from seed procurement, germination, nursery, harvesting, packaging, and finally delivery of the product to the end user. The product reaches the consumer within 24 hours of harvesting.

Mehta said, “Team NutriFresh is highly committed to bring focused hydroponic farming which is robust, tech-enabled, IoT based and delivers consistent production.”

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“With the current round of funding, NutriFresh aims to increase production efficiencies and standardize the production process, thereby scaling up farms with the required SOPs to achieve a higher competitive edge,” he added.

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Originally published at Pen 18