Agritech platform Clover raises Rs 7 crore from Alteria Capital

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Agritech platform Clover raised Rs 7 crore in venture debt from Alteria Capital. Earlier firm had raised Series A funding of (USD 5.5 million) in February.
Agritech platform Clover, Alteria Capital, Series A funding

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.

Source: PTI

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