KisanHub

History

2020: The investment attraction in the amount of 1.12 million pounds sterling

In the middle of November, 2020 the British company KisanHub attracted 1.12 million pounds sterling to development of the platform of digital transformation of the agrofood industry. The platform of supply chain management KisanHub uses Big Data and machine learning to help farmers, to agricultural technicians, purchasing managers and management teams to make reasoned decisions.

The funds were deposited by Low Carbon Innovation Fund 2 with assistance of Future Fund and the existing investors, such as IQ Capital, Notion Capital and Sistema VC AFK "Sistema" fund. The cloud KisanHub corporate platform provides analytics of crops, supply chains, data integration about cultures, shops, sending loads and information from field sensors. All this should help the agrotechnical enterprises to fulfill contractual commitments.

The AFK "Sistema" fund invested 1.12 million pounds sterling in KisanHub agrotechnical-company

Target clients of KisanHub are the agricultural enterprises delivering products to retail dealers and processors who work with network of contract farmers and/or possess own farmlands. Among the existing clients of a startup there is a world giant on production of ABInBev drinks and large British suppliers, such as Spearhead, Burgess Farm Produce, Manor Fresh, Jupiter Group.

As the head of Sistema VC Dmitry Filatov noted, KisanHub technologies increase transparency and efficiency of process of purchases thanks to their digitization. The pandemic only increased demand for such solutions as now security of supply of food became more important, than ever. The cofounder and the CEO of KisanHub Sachin Shende added that the received investments will allow the company to develop business in Great Britain and Europe and to strengthen relations with the local and national governments.^[1]

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