Get All Access for $5/mo

Fasal Raises $4 Million In Pre-Series A Round The funds will be used to expand its business, strengthen full-stack services and ramp up hiring

By Shrabona Ghosh

Opinions expressed by Entrepreneur contributors are their own.

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

Fasal

Fasal, a precision agriculture platform, announced it has raised $4 million in pre-Series A round. It was led by 3one4 Capital with participation from existing investors Omnivore and Wavemaker Partners. Other investors included Genting Ventures (Malaysia), The Yield Lab Asia-Pacific, Antares Investments and Sandeep Singhal of Nexus.

Fasal is a full-stack AI-powered IoT SaaS platform for progressive horticulture. Using on-farm sensors and scientific algorithms, the platform delivers farm and crop-specific actionable insights to farmers in vernacular languages. The platform is also working on a range of new services including F&V market linkages and parametric crop insurance, said a statement.

"As government policies are evolving to support more robust and open supply chains, there has never been a bigger incentive for horticulture farmers to grow more and grow better. Fasal's full-stack offering will fuel a rapid transition of Indian horticulture farming from gut-based legacy operations to knowledge-led profitable businesses," said Ananda Verma and Shailendra Tiwari, co-founders of Fasal, in the statement.

Fasal will use the funds to expand its business across India, southeast Asia, strengthen full-stack services, ramp up hiring for sales, marketing, agronomy and technical teams.

"Coming from farming families, the co-founders knew the exact problems of farmers. We are excited to see what the team can do in Southeast Asia, where there's an obvious need for tech solutions in the agriculture sector," said Gavin Lee, general partner, Wavemaker Partners in southeast Asia.

Shrabona Ghosh

Correspondent

A journalist with a cosmopolitan mindset. I lead a project called 'Corporate Innovations' wherein I cover corporates across verticals and try to tell stories on innovations. Apart from this, I write industry pieces on FMCGs, auto, aviation, 5G and defense. 
Business Ideas

63 Small Business Ideas to Start in 2024

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2024.

News and Trends

WhatsApp Launches Bharat Yatra to Empower Small Businesses in India

This initiative builds on WhatsApp's recent innovations tailored for SMBs, including the Meta Verified feature, which enhances credibility, and customized messaging tools for more efficient customer communication.

News and Trends

Aampe Gains USD 18 Mn from Theory Ventures and Z47 to Enhance Digital Product Personalisation

With the new funding, Aampe plans to double its workforce to meet the growing demand for its agentic infrastructure. The company aims to onboard more customers and streamline the integration of its technology into their workflows.

News and Trends

growX Ventures Launches Fund II with a Target Corpus of INR 400 Cr

Fund II aims to target early-stage and growth-stage investments, backing 20–24 startups in deeptech sectors. It plans to deploy INR 10 crore in seed and INR 20–30 crore in Series B rounds.

Leadership

How to Master the Art of Delegation — Lessons From Andrew Carnegie's Legacy

Here's what Andrew Carnegie can teach today's entrepreneurs about leadership, teamwork and effective delegation.

Business News

I Tried Buying a Car on Amazon. Here Are the Pros and Cons.

Amazon Autos just launched, and users can buy a new car online. Here's how it works and what needs to improve.