The News Scroll 05 May 2020  Last Updated at 5:08 pm | Source: PTI

Agritech platform Clover raises Rs 7 crore from Alteria Capital

Agritech platform Clover raises Rs 7 crore from Alteria Capital
New Delhi, May 5 (PTI) Agritech platform Clover on Tuesday said it has raised Rs 7 crore in venture debt from Alteria Capital.

This is over and above Rs 39 crore (USD 5.5 million) Series A funding that was raised in February from Accel, Omnivore and Mayfield.

Clover is a greenhouse agritech platform, which partners with farmers across India, and markets premium quality greenhouse-grown fresh produce through business-to-business and business-to-consumer channels.

“The recently closed Series A round alongside Alteria''s current investment will help us achieve our vision to reshape the supply chain for greenhouse-grown fresh produce,” co-founder of Clover Avinash BR said.

According to Vinod Murali, Managing Partner of Alteria Capital, agritech is a segment which continues to see tailwinds despite coronavirus-related issues.

Based in Bengaluru, Clover was co-founded by Avinash BR, Gururaj Rao, Arvind Murali, and Santhosh Narasipura. PTI MJH ANS ANS

Disclaimer :- This story has not been edited by Outlook staff and is auto-generated from news agency feeds. Source: PTI
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