TLDR:
- FAAD Capital invested USD 121,000 in four agritech startups through the AgriManch accelerator program.
- The startups receiving the investment in the pre-seed round are Godaam Innovations, VedaFit Foods, Aqin Biotech, and Mkelly Biotech.
FAAD Capital, an early-stage venture capital fund, has strategically invested in four agritech startups through the AgriManch accelerator program. The startups, Godaam Innovations, VedaFit Foods, Aqin Biotech, and Mkelly Biotech, will receive a financial boost to revolutionize the agriculture industry. Godaam Innovations offers smart storage solutions, Aqin Biotech provides patented animal feed, Mkelly Biotech offers premix powder enrichments, and VedaFit Foods produce natural products.
Vatsal Lunawat from FAAD Capital highlighted the importance of connecting these startups with the right stakeholders and propelling agricultural technology in the country. FAAD Capital will not only provide funding but also support post-funding by connecting startups with the necessary networks within the agriculture sector. Aditya Arora, the CEO, emphasized the commitment to providing resources and connections for the startups to thrive and make a significant impact in the agriculture sector.
FAAD Capital, as a SEBI-registered Category 1 Angel Fund, invests across diverse sectors and aims to empower agritech pioneers to transform the future of agriculture. With a portfolio of 100+ startups and successful exits, FAAD Capital is dedicated to fostering innovation and delivering strong returns since 2019.
