Get All Access for $5/mo

Agritech Robotics Startup Niqo Robotics Bags USD 13 Mn in Series B Round The Bengaluru-based platform aims to use the fresh funds to expand to new markets and accelerate the commercial adoption of spot spray globally.

By Paromita Gupta

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

Jaisimha Rao, Founder and CEO, Niqo Robotics

Agritech robotics startup Niqo Robotics (formerly TartanSense) announced that it has raised USD 13 million in a Series B round led by Bidra Innovation Ventures. Both Omnivore, an existing investor, and Fulcrum Global Capital, a new investor, made sizable investments in the round.

Through seed, series A, and series B funding, Niqo has raised a total of USD 21 million so far from Beenext, Bidra Innovation Ventures, Blume Ventures, FMC Corporation, Fulcrum Global Capital, and Omnivore.

"With the Series B fund closure, we are made stronger by syndicate investors with deep agricultural expertise from the different continents," said Jaisimha Rao, Founder and CEO, Niqo Robotics. "With their backing, we will expand to new markets and accelerate the commercial adoption of spot spray globally."

Founded in 2015 by Jaisimha Rao, Niqo Robotics specialises in crafting compact agricultural robots empowered with AI-driven computer vision technology, which claims to reduce costs and increase profitability.

It claims to use a proprietary AI camera with deep learning models to identify and selectively spray on target plants, reducing chemical usage by up to 90%.

In 2023–24, Niqo claims to commercialise over 90,000 acres of land, benefiting over 1,800 farmers.

"Farmer-first solutions, like Niqo's AI-powered spot spraying technology, are essential for sustainable agriculture. We are thrilled to lead this investment round and help put Niqo's cutting-edge technology in the hands of more farmers. This aligns perfectly with Bidra's mission to support founders who develop innovative solutions to sustainably feed a growing population." Yassine Cherkaoui, CEO of Bidra Innovation Ventures, said.

Paromita Gupta

Entrepreneur Staff

Features Writer with Entrepreneur India

Covering news and trends in AI and Metaverse segments. An avid book reader running her personal blog on the side. You may reach me at paromita@entrepreneurindia.com. 
News and Trends

"45% of All Ongoing Hydropower Projects in India are Ours": Patel Engineering

Patel Engineering reported a turnover of INR 4,400 crore in the last fiscal year, with a projected 10 per cent growth for the current year.

Side Hustle

'Hustling Every Day': These Friends Started a Side Hustle With $2,500 Each — It 'Snowballed' to Over $500,000 and Became a Multimillion-Dollar Brand

Paris Emily Nicholson and Saskia Teje Jenkins had a 2020 brainstorm session that led to a lucrative business.

News and Trends

Broadcom Stock Soars on AI Growth Outlook

Broadcom's next-generation AI chips, built with advanced 3-nanometer technology, are set to debut in the spring

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.

Science & Technology

5 Rule-Bending AI Hacks to Make Your Mornings More Productive and Profitable

By 2025, AI will transform productivity by streamlining workflows and cutting costs. Major companies like Microsoft, Google, and OpenAI are leading the way, advancing AI into "Phase 3," where tools act as digital assistants. Discover 5 AI hacks to boost efficiency and redefine your daily routine.