Early-stage venture capital fund FAAD Capital has strategically invested $121,000 in four agritech startups through its AgriManch accelerator program. The startups receiving the pre-seed funding include Godaam Innovations, VedaFit Foods, Aqin Biotech, and Mkelly Biotech. Among these, Godaam Innovations had previously raised $180,000 in external funds.
Beyond the pre-seed funding, FAAD Capital will provide post-funding support to these startups, including connecting them with key stakeholders to generate revenue and facilitating network-building within the agriculture sector for effective go-to-market strategies.
Godaam Innovations specializes in providing smart storage solutions aimed at reducing post-harvest losses and enhancing supply chain efficiency. Aqin Biotech focuses on formulations for aquaculture and livestock feed, improving animal survival rates by 20-25% and reducing mortality by 60-70%.
Mkelly Biotech has developed a premix powder combining millets and mushrooms to enhance the nutritional profile of flour and related products, catering to individuals of all ages. Delhi-based VedaFit Foods eliminates artificial ingredients by crafting genuinely healthy and natural products fortified with essential nutrition.
Gurugram-based FAAD Capital collaborates with various industry stakeholders to fund agritech startups under this initiative. The firm invests across diverse sectors, providing checks ranging from $100,000 to $500,000 from Pre-Seed to Series A stages. FAAD Capital manages a portfolio of over 100 startups and boasts more than ten successful exits.
