Ag-tech start-ups eye venture debt as quick fix to meet funding needs

As increasing capital will become tricky in the prevailing economic circumstance brought on by Covid pandemic, far more agri-tech start out-ups are on the lookout at venture personal debt funding to fund their working capital necessity and enlargement strategies.

Above the past several weeks various start out-ups these types of as Stellapps, Milk Mantra, Waycool Foods and Clover among other individuals have lifted funds via venture personal debt funding to meet up with their funding requires.

“Venture personal debt spherical is fairly easier to raise as it is a collateral-absolutely free personal loan. As opposed to normal working capital personal loan and term personal loan, venture personal debt is a lot far more quicker to source funding,” reported Ranjith Mukundan, CEO and Co-Founder of Stellapps Systems, a Bengaluru-based mostly organization focussed on automating dairy sector. Stellapps lifted an undisclosed sum from Stride Undertaking in its second spherical of venture personal

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