Participated · Equity · Jun 2024

Fyllo installs farm IoT devices with multiple on-field sensors and uses machine-learning algorithms to analyze soil, environment, and crop-canopy data to deliver recommendations via a mobile app supported in major Indian languages. The platform is used by over 8,000 farmers across more than 50,000 acres. The company reports farmers achieve roughly 25% higher yields, 80% export-quality produce, and about 30% more income. Fyllo plans to use new funding to enter new markets, cultivate new crops, and develop additional precision-agriculture products. It aims to broaden the reach of its current offering by creating new product lines and expanding within its existing geographies. Founded in 2019 by Sudhanshu Rai and Sumit Sheoran, the startup previously raised $2 million in May 2022. Fyllo provides a data-driven decision-support platform for farmers, powered by IoT, AI, and agronomy, designed to improve crop quality and reduce input costs. The company has developed crop-specific models for irrigation, nutrients, diseases, pests, and weather management across each physiological stage, and provides recommended cultural practices. Its platform includes 360-degree dashboards with real-time farm data to support better decision-making. Fyllo also operates corporate and contract farming models to deliver consistency in quantity and quality across farms and geographies. The startup plans to expand into new markets and invest in research and development to support additional crops. Founded in 2019, its co-founders draw on lifelong agricultural experience to address practical farmer challenges and claim significant improvements in production and export quality. Fyllo combines an IoT system that measures plants' precise requirements in real time with an AI-backed agri-science platform that delivers timely advice to farmers. The startup says its technology helps monitor crops and inform agronomic decisions. Fyllo has expanded services to more than 2,000 farmers and over 10 corporations across four Indian states, covering 20,000 acres. The company plans to use recent funding to expand into new markets and to support research and development for additional crops. Founded in 2019 by Sudhanshu Rai and Sumit Sheoran, Fyllo operates out of Bengaluru. Its current financial update reported in the article is a $2 million raise from a mix of institutional and angel investors.