Agricultural technology startup Gramophone, which provides actionable insights to farmers through its platform, has raised $3.5 million (Rs 24.78 crore at current exchange rates) in its Series A round of funding from a clutch of investors.
The investors who participated in the round include Info Edge (India) Ltd, impact investment firm Asha Impact and Better Capital, the startup said in a statement on Tuesday. Raveen Sastry, the co-founder of fashion portal Myntra.com, also invested.
Gramophone provides farmers doorstep consultancy services in agronomy during the entire crop cycle through its app. The app provides information on crop diseases and nutrition, prices and weather information.
The company has also launched a prototype image recognition technology, which uses artificial intelligence and machine learning to identify diseases in a crop based on images shared by the farmer.
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