Get All Access for $5/mo

Aqgromalin Raises INR 2 Cr Seed Funding From Angel Investors The agritech startup aims to accelerate expansion plans in Tamil Nadu, Telangana, and Andhra Pradesh

By Prabhjeet Bhatla

Opinions expressed by Entrepreneur contributors are their own.

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.


Agritech startup Aqgromalin on Monday said to have raised a funding of INR 2 crore from angel investors participating from the Middle East.

It aims to utilize the capital in setting up 500 micro-farms in the states of Tamil Nadu, Telangana, and Andhra Pradesh.

"We are delighted that the investors have seen huge growth potential in our startup. Our company plans to utilize these funds in improving and accelerating the implementation of micro-farms that is going to uplift the living of the farmers. Additionally, our plans to strengthen the technology backed platform will drive the business forward in the domain of agritech," said Prasanna Manogaran and Bharani CL, co-founders, Aqgromalin, in a joint statement while commenting on the fundraising.

In the present market state of affairs, it has become exigent for farmers to adopt entrepreneurial strategies due to two major challenges: investments and market linkages. The Tamil Nadu-based company claims to supplement the income of small landholding farmers through ready to implement micro-farms mainly in the areas of animal husbandry and aquaculture.

"Animal husbandry and aquaculture have a huge growth potential in the coming years. With our ready to implement micro-farms we are helping the small and marginal farmers also to diversify their portfolio and take advantage of the greater returns that this sector provides," the co-founders added.

The agritech startup works on a conventional approach by making practices affordable and accessible to farmers. It integrates new-age technologies to help the farmers sustain in a multifunctional economy and strict market reforms. Its ready to implement micro-farm setups have helped the farmers record an increase of 100 per cent in their income.

"I believe the business model of Aqgromalin can become viral very fast and it has scalability across the world. The amount of groundwork and the hands-on approach of the team has given us immense confidence to invest," stated investor Parthiban Mohanasundaram, in a statement.

The agritech startup follows a comprehensive approach to help farmers utilize their existing farm assets and broaden their agricultural practices for better growth. Furthermore, the company provides access to necessary inputs and all required materials to immediately start operations including – extensive training for the cultivation of crops, raising farmer's awareness for the common diseases, and equipping them with expert skills to troubleshooting and increasing yield.

The company further maintains that it has designed an optional buy policy for the farmers at a fair market price. Moreover, it works closely with financial institutions to aid deserving farmers and improve their accessibility to a formal credit system to reduce the burden of interest on them.

Since 2019, the company has been associated with SERP (Society for Elimination of Rural Poverty), the Government of Telangana, TANUVAS (Tamil Nadu Veterinary and Animal Sciences University), and ICAR-CIBA (Central Institute of Brackish Aquaculture).

Prabhjeet Bhatla

Former Staff

News and Trends

Indigrid Technology and Hour4u Raise Early-Stage Funding

Here are the Indian startups that announced early-stage funding rounds.

Health & Wellness

Get a Year of Unlimited Yoga Class Downloads for Only $23 Through June 17

Regular exercise has been proven to increase energy and focus, both of which are valuable to entrepreneurs and well-known benefits of yoga.

Growing a Business

He Immigrated to the U.S. and Got a Job at McDonald's — Then His Aversion to Being 'Too Comfortable' Led to a Fast-Growing Company That's Hard to Miss

Voyo Popovic launched his moving and storage company in 2018 — and he's been innovating in the industry ever since.

News and Trends

Will Nirmala Sitharaman Go Soft on Crypto in Her 2nd Term as FM?

This harsh treatment coupled with India's decision to not yet ban the currency has left many in a fix. So, what does the coming times mean for crypto players in India?

Growth Strategies

Learn business by doing business across the Globe: The next revolution in Entrepreneurship

As the startup ecosystem sees an influx of new entrepreneurs, the question arises: Is our current business education sufficiently equipping students for the entrepreneurial challenges they will face?

Business Culture

Why Remote Work Policies Are Good For the Environment

Remote work policies are crucial for ESG guidelines. Embracing remote work can positively impact your business and employees.