Home » FAAD Capital Invests $121,000 in Four Agritech Startups to Revolutionise Agriculture

FAAD Capital Invests $121,000 in Four Agritech Startups to Revolutionise Agriculture

by Kehinde Giwa
4 minutes read
  • 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.

Related Posts

Agritech Digest seeks to provide the latest agricultural news, technology, innovations, and insights to promote awareness of agritech startups. It is dedicated to empowering Agritech startups, investors, policymakers, farmers, and agri-enthusiasts by offering knowledge and resources, helping them succeed in the evolving world of agritech and entrepreneurship in agriculture. Agritech Digest aims to showcase the vast potential of the agricultural technology industry by attracting investors and young talent through highlighting technology and innovations in the agritech industry.


Agritech Digest seeks to provide the latest agricultural news, technology, innovations, and insights to promote awareness of agritech startups. Agritech Digest aims to showcase the vast potential of the agricultural technology industry by attracting investors and young talent through highlighting technology and innovations in the agritech industry.

Agritech Digest seeks to provide the latest agricultural news, technology, innovations, and insights to promote awareness of agritech startups. Agritech Digest aims to showcase the vast potential of the agricultural technology industry by attracting investors and young talent through highlighting technology and innovations in the agritech industry.

Agritech Digest is your gateway to a fascinating world where agriculture meets technology.

FOLLOW US ON SOCIAL

©2023 Agritech Media, All Right Reserved. Designed and Developed by KubuniX