Gocarin Industries, an emerging startup in the agri-tech sector, has successfully secured seed funding from the KIIT Technology Business Incubator (TBI) through the prestigious BIRAC Leap programme. While the exact amount remains undisclosed, this funding marks a significant milestone for the company.
The financial support is part of the central government’s efforts to foster innovative startups and strengthen India’s entrepreneurial ecosystem. BIRAC Leap, initiated by the Biotechnology Industry Research Assistance Council (BIRAC), focuses on accelerating high-impact and scalable startups.
Dr. Ramanuj Panda, Founder and CEO of Gocarin Industries, expressed deep gratitude for the support from KIIT TBI and BIRAC. He emphasized that the funding will be crucial in advancing the mission to transform the agricultural sector with state-of-the-art technology solutions for farmers, noting that recognition from such prestigious institutions validates the team’s dedication and hard work.
With this new funding, Gocarin Industries aims to improve its product offerings, extend its reach, and continue its innovation in the agri-tech industry. The company has been leading the charge in delivering innovative solutions to farmers, enhancing productivity and sustainability.
Dr. Mrutyunjay Suar, CEO of KIIT TBI, DG (R&D) KIIT University, and Chairman of BCKIC, affirmed the belief in Gocarin Industries’ vision and potential. He highlighted that their dedication to using technology to address real-world agricultural challenges aligns perfectly with the goals of the BIRAC Leap programme. The funding will be utilized to scale operations, advance product development, and expand market presence, solidifying Gocarin Industries’ status as a leader in the agri-tech sector.