Bengaluru-based agritech startup Aibono raises $2 million to fund expansion plans

- Advertisement -

Agri-tech startup Aibono, a Bengaluru-based end-to-end aggregator platform, has raised $2 million from investors to fund expansion plans and growth of the business.

“We have raised a further round of $2 million from Japanese and Swiss investors in the midst of COVID-19 economic crisis,” its founder Vivek Rajkumar said. “The company had raised a total of USD 4.5 million since inception in 2015.”

The current funding round was led by Rebright Partners and Mitsui Sumitomo Insurance Venture Capital based out of Tokyo and Singapore respectively and Swiss Impact Investor Lesing Artha.

With the help of its AI-powered full-stack farm services, the startup helps farmers to grow premium perishable vegetables and herbs with better yields.