Agritech Startup Expansion: Nutrifresh Collects $5M Funds

The funds will be utilised to expand farm operations, establish total traceability and transparency of products, sell products, and build an integrated Farm-tech platform,” according to the Agritech Startup Nutrifresh Press Release Statement.

Nutrifresh, an agritech firm, announced on Tuesday that it has raised $5 million (Rs 38.8 crore) in funding for expansion and growth. Hydroponically grown, residue-free, and chemical-free vegetables are the company’s objective.

The Investment is led by Theodore Cleary, Archer; Sandiip Bhammer, Managing Partner – Green Frontier Capital; Sky Kurtz, CEO & co-founder of Pure Harvest UAE; Mathew Cyriac, Florintree Advisors & ex-managing director of Blackstone India; Soumitra Dutta, Dean Elect – Sad Business School, University of Oxford; Shaishav Dharia, Regional chief executive officer, CEO Lodha Group; Karan Gos

Nutrifresh was founded by Sanket Mehta and Ganesh Nikam.

From seed procurement to germination, nursery, harvesting, packaging, and finally delivery of the product to the end-user, the entire process is under control. Within 24 hours of harvest, the food reaches the consumer.

“Team Nutrifresh is dedicated to offering targeted hydroponic farming that is robust, tech-enabled, IOT-based, and produces consistent results,” added Mehta.

“With this round of funding, Nutrifresh aims to grow production capacity and standardise the manufacturing process, as well as extend farms with the appropriate SOPs to gain a competitive advantage,” he added.