Eeki slates Rs 700 crore for market expansion in India and globally with its vegetables

Eeki, a pioneering agritech startup cultivating nutritious vegetables in a sustainable manner, plans to invest Rs 700 crores over the next two years to scale up operations and enhance its domestic and global presence.
The immediate expansion will take the company from Rajasthan and Haryana to Madhya Pradesh, Maharashtra, Tamil Nadu, and internationally into Oman.
The company will also commence exports of vegetables to international markets including UAE, Singapore and Europe. Eeki’s technology produces 180 tonnes a year per acre, which is 18 times more than traditional farming. It is the largest independent controlled environment farming company which will scale to 800 acres in the next two years.
Abhay Singh, CEO & co-founder, Eeki, said, “We are looking to expand our footprint into other states in India by partnering with like-minded landowners and partners. Our patented growing technology makes farming sustainable and climate proof, enabling year-round cultivation. Eeki farms deliver 18 times per acre yield as compared to traditional farming on even barren or unused lands at the similar cost, while using 80% less water. Automation lies at the core of Eeki’s operations, enabling seamless control of climate, irrigation, and nutrition through a cloud-based platform. We optimize yield and ensure crop health by detecting possible diseases early using image processing powered by machine learning and robotics.”
Anand Chandrasekaran, venture advisor, general catalyst, said, “Eeki is building businesses with a focus on financial and societal return. Their business model and innovative solutions will make a meaningful difference in the lives of thousands of farmers.”
Amit Kumar, COO & co-founder, Eeki, said, “Our vision is to eradicate malnutrition globally by providing nutritious, residue-free vegetables accessible and affordable to all. Our revolutionary approach has utilised barren land for cultivation and created a significant socio-economic impact. We have saved 13,000 kilograms of fertilisers, conserved 12 Crore Litres of water every year, and generated employment for over 150 rural women, empowering local communities and driving positive change.”
Anjali Bansal, Avaana Capital, said, “As Eeki’s first institutional investor, we know the potential their patented technology will revolutionise current farming practices and build a climate-resilient agriculture ecosystem. We look forward to having landowners across India and the world become a part of producing nutritious vegetables at market prices, making malnutrition a thing of the past.”
Source: fnbnews

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