HomeFundingAgritech startup Intello...

Agritech startup Intello Labs raises ₹14 crores from Omnivore, Nexus


Gurugram-based agritech startup Intello Labs has raised ₹14 crores ($2 million) in seed funding from Nexus Venture Partners and Omnivore. The startup plans to use the freshly raised capital to strengthen its product line and expand globally.

Founded by Milan Sharma, Nishant Mishra, Himani Shah and Devendra Chandani in 2016, Intello Labs leverage artificial intelligence to build a platform for grading and quality analysis of agriculture commodity. Using intelligent photo analysis algorithm, the startup can generate instantaneous quality metrics.

“Without the standardisation and digitisation of quality assessment of agricultural produce, e-Mandi and digital agriculture markets will remain a distant dream. Digital quality assessment coupled with pricing algorithms can prove to be game-changing for farmers, commodity traders and large corporates in the years to come,” said Puneet Kumar, vice president of Nexus Venture Partners.

A user can access the solution through a smartphone application. The product is aimed to bring transparency and standardization to the quality assessment. It can also reduce the wastage and value risk in the agriculture supply chains.

Mark Kahn, managing partner of Omnivore, said, “For years, Omnivore has been searching for an agritech startup disrupting the opaque and subjective system of commodity grading in India, which hurts the entire value chain, especially farmers. Intello Labs will bring transparency and objectivity across agribusiness supply chains, helping farmers to capture the value they create.”

Intello Labs had earlier raised funds from multiple angel investors. It was also a part of two accelerator programs – JioGenNext and Indigram Labs. The startup is working with several global food companies and has developed solutions for fruits, vegetables and spices. The company is focused on large enterprises as of now but they plan to soon expand as a SaaS model for small businesses, traders and farmers.

Continue reading

How to Read NFL Odds

A game in the NFL has two possible outcomes. The first result has been posted on the scoreboard: which team has triumphed and which side has suffered a loss? The second tally is done by bettors: whether the team...

How to Bet on the NFL

Football is one of the most popular sports in North America, and its popularity, particularly in the NFL, is at an all-time high. People all over the world analyze data, matchups, NFL stats, and patterns to obtain an advantage...

First Person Live Gaming – The Evolution of Real-Time Gambling in India

Indian players have been enjoying the benefits of playing live dealer games for many years now. Every player that has experienced this revolutionary innovation in online gambling would testify that it is beautiful. Nothing beats getting to enjoy a...

Submit details about your funding and get published for FREE

Get an online story about your startup and reach millions of readers