FAAD Capital, an early-stage venture capital fund, has strategically invested $121,000 in four agritech startups through their AgriManch accelerator program.
The startups receiving this pre-seed funding include Godaam Innovations, VedaFit Foods, Aqin Biotech, and Mkelly Biotech. Notably, Godaam Innovations had previously secured external funding amounting to $180,000.
In addition to the pre-seed funding, FAAD Capital will provide post-funding support, which includes connecting the startups with key stakeholders to drive revenue and building networks within the agriculture sector to enhance their go-to-market strategies.
Godaam Innovations focuses on delivering smart storage solutions aimed at reducing post-harvest losses and improving supply chain efficiency. Aqin Biotech offers formulations for aquaculture and livestock feed that boost animal survival rates by 20-25% and cut mortality rates by 60-70%.
Mkelly Biotech has created a premix powder made from millets and mushrooms to enhance the nutritional value of flour and related products, suitable for all age groups. Based in Delhi, VedaFit Foods produces genuinely healthy and natural products by using ingredients fortified with essential nutrients, steering clear of artificial additives.
FAAD Capital, headquartered in Gurugram, collaborates with various industry stakeholders to fund agritech startups. The firm invests across multiple sectors, providing checks ranging from $100k to $500k from Pre-Seed to Series A rounds. Managing a portfolio of over 100 startups, FAAD Capital boasts more than ten successful exits.
