CropIn, an agritech company, is establishing two foreign branches in the United States and Singapore to tap into the region's markets. CropIn established a company in the Netherlands last year to market its agri-tech solutions in the European Union.
CropIn's Founder and CEO, Krishna Kumar, stated that the two new subsidiaries would be active in the next months. The Singapore subsidiary will target Asia-Pacific regions, including Japan and Australia, where the company sees a lot of potential for technology adoption in the Agri ecosystem.
CropIn, a B2B agritech platform, uses digitization, predictive intelligence, and data sciences, as well as artificial intelligence and machine learning technologies, to boost farm efficiency and output.
Farming firms, agri-input providers, food processing companies, merchants, financial service providers, governments, and development agencies are among the companies that the Bengaluru-based firm works with to assist them to make more effective decisions, increase predictability, and limit risk.
Overseas Operations
CropIn has over 250 customers and has digitized 16 million acres of farmland, benefiting over seven million farmers, according to Krishna Kumar. In 56 nations, the business has generated data sets and intelligence for over 400 crops and 10,000 agricultural types.
"We're also looking to add to our skills by acquiring firms in deep technology areas like computer vision and artificial intelligence," he said. The firm is on the lookout for potential purchase prospects in the United States and Israel, among other places.
The Bill & Melinda Gates Foundation's Strategic Investment Fund, ABC World Asia, Chiratae Ventures, Invested Development, and Ankur Capital, among others, have invested $33 million in the company since its inception in 2010. Krishna Kumar stated that the company would begin the D-Series money raising exercise soon in order to fund its expansion and growth objectives.
