- FAAD Capital invested $121,000 in four agritech startups through their AgriManch accelerator program, including Godaam Innovations, VedaFit Foods, Aqin Biotech, and Mkelly Biotech.
- Godaam Innovations raised an additional $180,000 to further their mission of reducing post-harvest losses with smart storage solutions.
- FAAD Capital’s support extends beyond funding to include post-funding support and connecting startups with stakeholders to generate revenue and build networks.
- FAAD Capital, with a $40 million corpus, has supported over 100 startups and achieved ten successful exits since 2019, emphasising their commitment to fostering innovation and delivering strong returns.
Indian-based early-stage venture capital fund, FAAD Capital, has strategically invested $121,000 in four agritech startups as part of their AgriManch accelerator program.
The investment in the pre-seed round goes to Godaam Innovations, VedaFit Foods, Aqin Biotech, and Mkelly Biotech. Godaam Innovations has also raised an additional $180,000 in external funds. This financial boost aims to empower these startups in their mission to revolutionise the agriculture industry.
- Godaam Innovations: Offers smart storage solutions to reduce post-harvest losses and boost supply chain efficiency.
- Aqin Biotech: Patented feed improves animal survival rates by 20-25% and reduces mortality by 60-70%.
- Mkelly Biotech: Produces premix powder that enriches flour with millets and mushrooms.
- VedaFit Foods: Provides genuinely healthy, natural products.
Vatsal Lunawat from FAAD Capital stated, “Securing funds under AgriManch for these agritech startups and presenting their potential to the right stakeholders has been a rewarding journey. We are opening doors to propel the next wave of agricultural technology in the country and strongly believe in the vision and capabilities of these startups.”
Beyond pre-seed funding, FAAD Capital will offer post-funding support, including connecting the startups with the right stakeholders to generate revenue and help build networks within the agriculture sector for an effective go-to-market strategy.
Aditya Arora, CEO of FAAD Capital, emphasized, “Our investment goes beyond financial backing; we are committed to providing the necessary resources and connections to help these startups thrive and make a significant impact in the agriculture sector.”FAAD Capital, a SEBI-registered Category 1 Angel Fund with a $40 million corpus, invests $100k–$500k across diverse sectors from pre-seed to Series A. Since 2019, it has built a portfolio of over 100 startups and achieved ten successful exits, fostering innovation and delivering strong returns.
