BharatRohan, an agtech firm specialising in drone-based hyperspectral remote sensing, has announced the completion of a funding round. The company secured $2.3 million in a pre-IPO round from investors, including Villgro Innovation Foundation, Caspian, RevX, and Venture Garage.
With the newly secured funding, the company's primary focus will be on developing proprietary edge computing drones specifically for precise crop monitoring and variable pesticide application. These drones will be made available to rural entrepreneurs through franchise-based models, enabling them to offer CropAssure services to farmers. Additionally, the company plans to design and develop compact hyperspectral and multispectral sensors for drones.
Talking about the investment, founders Amandeep Panwar and Rishabh Choudhary said, "It strengthens our resolve to enhance our services and expand our reach across the nation, ensuring that farming becomes more scientific, sustainable, and profitable.”
While continuing to provide its drone-based crop monitoring Decision Support System (DSS), the company also ventured into procuring residue-free farm produce grown through Integrated Pest Management (IPM) practices implemented by farmers who utilise its BharatRohan CropAssure Services. BharatRohan aims to introduce its pesticide-residue-free farm produce to global consumers, thereby expanding its reach and impact on a global scale.
Founded by Rishabh Choudhary and Amandeep Panwar in 2016, BharatRohan currently supports 50,000 farmers covering 2,00,000 acres in 5 states with its advanced drone-based Decision Support System (DSS), known as BharatRohan CropAssure., as per the company statement. The company says that this system identifies diseases, pests, and nutritional deficiencies in the early stages, enabling integrated pest management (IPM) strategies for residue-free crop cultivation. BharatRohan says that it is poised to expand its operations and offerings in 15 Indian states, covering 10 lakh acres by 2025. Talking about the company’s financials, BharatRohan has shown promising growth, increasing revenue by 3x and profit by 200 per cent from the last financial year.
