As part of a pre-Series A funding round for Satyukt, Nabventures’ investment will enable the company to accelerate the development of its Sat2farm app
Backed by the National Bank for Agriculture and Rural Development (NABARD), Nabventures, a venture growth equity fund, has invested Rs 10 crore in a Bengaluru-based agri analytics startup, Satyukt Analytics Private Limited, that deploys satellite technology and machine learning to provide SaaS-based advisory services to farmers. Satyukt Analytics was founded in 2018 with a core team of scientists.
As part of a pre-Series A funding round for Satyukt, Nabventures’ investment will enable the company to accelerate the development of its Sat2farm app. The app empowers farmers with data-driven insights, Sat2credit app that helps BFSI players evaluate a farm’s creditworthiness and credit risk and introduces new products such as Sat4agri for agri input companies and Sat4risk for agri insurers.
“This investment strengthens our resolve to leverage cutting-edge technologies to enable our stakeholders from India’s agriculture sector to access and utilise accurate, real-time data that can drive their decision-making processes and positively impact their operations,” said Sat Kumar, CEO of Satyukt.
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