Supply chains are one of the most complicated and least efficient components in the business of delivering goods from farmers to consumers. When they don’t function effectively? As whole communities around the globe suffer.
By connecting supply chains with growers and collecting the data, based out of Cambridge, KisanHub is a SaaS platform that provides insights for more efficient processes across the supply chain for the agri-food industry.
Raised £1.12M funding
Recently, the agritech company raised £1.12M funding to help the company accelerate its business in the UK and Europe. The company intends to use part of the funding to promote the values of sustainability in food supply chains with support from government investors.
Who backed KisanHub?
Talking about the investors, the Future Fund round was led by Low Carbon Innovation Fund 2 (LCIF2) with backing from the Future Fund and was supported by the existing investors, including IQ Capital, Notion Capital, and Sistema_VC.
Sachin Shende, co-founder and CEO of KisanHub, added: “We are delighted to welcome LCIF2 as an investor in KisanHub. This investment will enable us to grow the business in the UK and Europe and strengthen our links with local and national governments”.
It’s worth mentioning that LCIF2 is funded by the European Regional Development Fund, with the UK Ministry of Housing, Communities and Local Government as the Managing Authority. The fund is managed by Turquoise, the London-based merchant bank that specialises in energy, environment, and efficiency.
Axel de Mégille, director at Turquoise (managing LCIF2), commented: “KisanHub helps keep everyone in the supply chain aware of the state of each batch of produce they are growing, aggregating or retailing so that they can plan better and reduce waste. This investment fits well into LCIF2’s strategy of investing in technologies that help to reduce greenhouse gases (GHGs)”.
Crop Intelligence Platform
Founded by Giles Barker, and Sachin Shende in 2013, KisanHub is a Crop Intelligence Platform and was borne out of a desire to give farmers everywhere a sophisticated, meaningful yet, simple decision-support.
KisanHub makes use of precision agriculture, big data, cloud computing, machine learning, and mobile to deliver clear decision points to agri-enterprises and their farmers.
The company’s cloud-based enterprise platform focuses on crop intelligence, supply chain intelligence, integrating data from crops, stores, load dispatches, satellites, and field sensors to help businesses meet contractual obligations on quality and quantity of the produce.
Further, it translates raw and complex food supply chain data sets into actionable insights that provide transparency and improves the flow of information within the supply chain.
Partners with major companies
The company targets agricultural enterprises supplying retailers and processors that work with a network of contract farmers and/or own their farmland. Right now, major companies like ABInBev, Spearhead, Burgess Farm Produce, Manor Fresh, and Jupiter Group, have partnered with KisanHub to get full visibility of the quality and quantity of the products in their supply chain.