Get All Access for $5/mo

Piatrika Biosystems Raises $1.2 Million Seed Fund The fund raised will be used to build strong product development team, for more profound research, and to accelerate the productionizing and commercialization of MVP

By Teena Jose

Opinions expressed by Entrepreneur contributors are their own.

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

Pexels

Piatrika Biosystems, agri-genomics startup, has raised $1.2 million in a Seed funding round led by Ankur Capital. The company is bringing sustainable seeds and agri chemicals to market faster and cheaper. The fund raised will be used to build strong product development team, also for more profound research, and to accelerate the productionizing and commercialization of MVP.

"There remains a significant disconnect between state-of-the-art research and its practical implementation. This means that while there has been ground-breaking research in recent years in computational biology or genomics, data science, cloud and instrumentation, this important knowledge has not been applied in a timely practical manner in agriculture. There is an urgent need to translate these research advances into practical benefit for the agriculturist, the consumer and ultimately the planet through modern, sustainable and ethical food production," said Vasudev Kumanduri, co-founder and CEO, Piatrika Biosystems.

Founded in 2019 by Kumanduri and Phani Yarlagadda, Piatrika Biosystems is building a new innovative cloud-based enterprise platform-as-a-service (PAAS) for agri-genomic discoveries and plant breeding decision support, program designing and monitoring. The company also aims to bridge the gap between scientific research and commercial enterprise solutions.

"We are excited to partner with Piatrika on their journey to enable and create new seeds through computational biology. With the challenges that agriculture faces both from climate and increased food demand, innovation in the seed sector is critical. With advances in computational biology, we see this as a critical tool to bring new seeds to market quickly," said Ritu Verma, Ankur Capital.

As per market studies, to sustain an estimated 9 billion global population by 2050, global food production needs to be increase by 50 per cent to 70 per cent. This growing global population along with the element of climate change will lead to unprecedented agricultural challenges in the coming decades if it is not addressed now. The need for sustainable agriculture precisely, coupled with an aggressive growth strategy has necessitated a change in process management.

Teena Jose

News Desk Reporter with Entrepreneur India

Teena is a post graduate in financial journalism. She has an avid interest in content creation, digital media and fashion.
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.

Business News

'I'm Not Trying to Land on Mars': Mark Cuban Takes Dig at Elon Musk to Explain Why His Online Pharmacy Isn't Trying to Make More Money

Mark Cuban Cost Plus Drug Co. is an online pharmacy co-founded by Cuban and radiologist Alex Oshmyansky.

News and Trends

Talent, Digital Infra, Policy, and Startups Driving India's GCC Ecosystem

By leveraging its demographic dividend and evolving policies, India is uniquely positioned to become the preferred choice for global enterprises seeking scalability, resilience, and a future-ready operational base.

Leadership

I've Spent 37 Years in Business — Here's How I Beat the Odds and Stayed Ahead

For over thirty years, I have led a successful media production and communication consulting company. Only 25% of new businesses survive for 15 years or more, so I have beat the odds. But having staying power is not a matter of luck.

Entrepreneurs

This Entrepreneur is Carrying the Torch Toward a Brighter Future for the Real Estate Industry

Craig Sewing founded American Dream TV ten years ago and he seeks to empower the current and future players in real estate by providing a network that celebrates authenticity and community-driven storytelling.

Business News

'It's Not About You': How to Fire Someone Effectively, According to Kevin O'Leary

O'Leary says that if you can't fire someone, you aren't the right leader for the organization.