September 22, 2023

Unnati Agri, a pioneering startup in the field of agriculture supply chain and financial services, has formed a strategic partnership with IPL Biologicals to concentrate on climate-ready products. In a significant development, Unnati Agri has successfully raised Rs 28.5 crore in funding, with IPL Biologicals’ family office taking the lead. Notably, existing investors such as Incofin Investment Management, Nabventure, and Orios also participated in this funding round.

Ashok Prasad, Co-Founder of Unnati Agri, expressed his enthusiasm about the partnership, stating, “Having strengthened our technological infrastructure and expanded our uStore network, we are now poised to widen our sustainable product portfolio across India. Through our collaboration with IPL Biologicals, we aim to assist farmers in adopting improved and more sustainable farming practices, supported by a range of cutting-edge bio-products.”

Unnati Agri has set its sights on robust growth by expanding its network to reach a target of serving 5 million farmers. With an already established presence serving over 1.2 million farmers through a network of more than 75,000 ‘uStores,’ the startup is now focused on expanding its comprehensive suite of services throughout the agricultural ecosystem, encompassing the entire supply chain and financial services.

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