Eeki Foods raises $6.5M from General Catalyst and others

NEW DELHI: Agritech startup Eeki Foods has raised $6.5 million (around Rs 49 crore) from investors led by General Catalyst for expansion and growth.
Among others, Avaana Capital, Better Capital, Irving Fain, CEO and Founder of Bowery Farming, Subbu Palaniappan, Director and Head of Amazon Prime India, Srinivas Narayanan, Former VP Engg at Facebook, Akhil Gupta and Amit Kumar Agarwal, co -founders of NoBroker.com, participated in the Series A funding round.
Founded in 2018, Eeki Foods aims to make agriculture sustainable and climate resilient using its patent-pending grow rooms that grow tasty, nutritious, and residue-free vegetables.
With farms in Rangpur, Bhilwara, Talera, Nanta and Panipat, Eeki Foods aims to minimize market price fluctuations related to food staples like cucumbers, chillies and tomatoes.
“The new funds will be used to expand Eeki to hundreds of acres. This coming year, we will focus on building the team, technology and organizational scale to make this growth a reality.
“We are actively seeking partnerships with corporate, HNI and other retail farmers in Rajasthan, Delhi-NCR and Maharashtra to build such farms across the country,” Abhay Singh, CEO and Co-Founder of Eeki Foods and Amit Kumar, COO and co-founder of Eeki Foods said in a joint statement.
The company’s technology helps control the farm’s climate, allowing vegetables to be grown year-round without being affected by seasonal variations, the company said.
The patent-pending IoT (Internet of Things) control mechanism deployed in farms makes operations more robust, cost-effective and less dependent on manual labor, he added.
Eeki Farms provide 300% more yield on any barren or unused land at 50% the cost of growing using 80% less water.

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