India: Hydroponics-focused startup Nutrifresh raises $5 mn in pre-seed round

Nutrifresh Farm Tech India has raised $5 million in a pre-series seed funding round led by Theodore Cleary, Sandiip Bhammer, Sky Kurtz, and Mathew Cyriac, among other investors.

The startup plans to deploy the fresh capital to scale up operations, implement better traceability and transparency of produce, marketing, and creating an integrated farm-tech platform.

Founded by Sanket Mehta and Ganesh Nikam, Nutrifresh aims to provide consistent pesticide-free hydroponic produce that is nutrient-rich. Its clientele includes over 100 plus business-to-business (B2B) aggregators in the Indian market, such as Nature's Basket, Big Basket, Swiggy, Kissan Konnect, McDonald's, Venky's, Amazon Fresh, and Reliance Fresh, among others.

"Nutrifresh is committed to bringing focused hydroponic farming, which is robust, tech-enabled, IOT based, and gives consistent production. The funding in the agritech space is proof of the concept encircling the fact that residue-free and quality veggies are most critical in an urban lifestyle, and Nutrifresh is focused on bringing quality food security," said Mehta.

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