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Gurugram-based early-stage venture capital fund FAAD Capital has announced that it has made a strategic investment of US$ 121,000 in four agritech startups as part of its AgriManch accelerator program.
Startups receiving pre-seed funding include Godaam Innovations, VedaFit Foods, Aqin Biotech, and Mkelly Biotech. Godaam Innovations has already raised $180,000 in external funding. The funding is aimed at supporting these startups in their mission to revolutionize the agriculture industry.
Godaam Innovations offers smart storage that reduces post-harvest losses and increases supply chain efficiency, Aqin Biotech’s patented feed improves animal survival by 20-25% and reduces mortality by 60-70%, Mkelly Biotech’s premix powders add millet and mushroom to wheat flour to increase nutritional value and VedaFit Foods offers truly healthy and natural products.
Vatsal Lunawat, investment team at Faad Capital, said, “It has been a rewarding journey securing funding under AgriManch for these agritech startups, spanning agrifintech, horticulture, mushroom, aquafeed and more, and showcasing their potential to the right stakeholders. In doing so, we are not only backing these startups but also opening the door to driving the next wave of agritech in the country. We strongly believe in the vision and capabilities of these startups and look forward to supporting their progress at every step.”
In addition to providing pre-seed funding, FAAD Capital also provides post-funding support, including connecting startups with the right parties to generate revenue and helping them build networks within the agriculture sector for effective go-to-market strategies.
“Our investment goes beyond just funding. We are committed to providing these startups with the resources and connections they need to grow and make a significant impact in the growing agriculture sector. Each of these innovative companies will drive sustainability and technological advancements. At FAAD Capital, we believe in backing the next generation of agritech pioneers and we are proud to be a part of their journey as they transform the future of agriculture,” said Aditya Arora, CEO of FAAD Capital.
FAAD Capital is a SEBI registered Category 1 Angel Fund with a capital of $40 million and invests between $100,000 to $500,000 across sectors from pre-seed to Series A. With a portfolio of 100+ startups and 10 successful exits since 2019, FAAD Capital has been driving innovation and delivering high returns.
