# Aibono Smart Farming Pvt

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/aibono-smart-farming-pvt

- Industry: Agribusiness
- Headquarters: Bangalore, India
- Website: www.aibono.com
- Total disclosed funding: $3.6M
- Latest round: Seed (Aug 10, 2017)
- Investors on record: 10

## About

Aibono Smart Farming Pvt Ltd is an agritech company that focuses on improving the agricultural supply chain through innovative technology, offering fresh produce delivery solutions for farmers, retailers, and consumers.Founded in 2014, Aibono Smart Farming Pvt Ltd is based in Bangalore, India. The company operates an end-to-end agritech platform that provides fresh fruits and vegetables through a B2B2C quick commerce service. In December 2020, Aibono raised USD 0.5 million in venture funding from TechMatrix Corporation. The company has completed a total of 7 deals, with the most recent funding round bringing its total amount raised to USD 0.5 million. The founder's history and any previous ventures are not provided.Aibono operates as an end-to-end agritech platform specializing in the aggregation and just-in-time (JIT) supply of fresh fruits and vegetables. Its core offerings include the JoyKisan platform, which ensures the delivery of fresh wholesale and retail vegetables within 18 hours of harvest and 60 minutes from order placement. This platform is designed for retailers, restaurants, and direct consumers, effectively addressing supply chain challenges within the agricultural sector by ensuring the freshness and timely delivery of produce.In the most recent financial year, 2021, Aibono reported revenue of USD 1,058,006.50 and an EBITDA loss of USD 1,425,544.70. The company generates revenue through its B2B2C model, facilitating direct transactions between farmers, retailers, and end consumers, while leveraging the JoyKisan platform for efficient order fulfillment and distribution.Following its recent funding round on December 25, 2020, where Aibono raised USD 0.5 million, the company aims to enhance its platform and expand its market reach. Future plans involve introducing new features to the JoyKisan platform and exploring additional geographic markets to better serve urban centers with high demand for fresh produce. Specific details regarding the launch of new products or entry into particular markets are not disclosed, but the funding will likely support these initiatives.

## Funding rounds

- Seed, Aug 10, 2017, $2.6M — Rebright Partners, Vistra ITCL, Milliways Ventures, Fireside Ventures, Artha Venture Partners, Menterra Venture Advisors, Rianta Capital
- Seed, May 2, 2016, $0M — StartupXseed Ventures, 3one4Capital Advisors
- Seed, Jan 1, 2016, $0.4M — Fireside Ventures, SilkRouteIndchem Ltd
- Seed, Jul 1, 2015, $0.6M — StartupXseed Ventures, 3one4Capital Advisors, SilkRouteIndchem Ltd

## Investors

- StartupXseed Ventures (https://capitalatlas.ai/funds/startupxseed-ventures) — Seed
- 3one4Capital Advisors (https://capitalatlas.ai/funds/3one4capital-advisors) — Seed
- SilkRouteIndchem Ltd — Seed
- Fireside Ventures (https://capitalatlas.ai/funds/fireside-ventures) — Seed
- Rebright Partners (https://capitalatlas.ai/funds/rebright-partners) — Seed
- Vistra ITCL — Seed
- Milliways Ventures (https://capitalatlas.ai/funds/milliways-ventures) — Seed
- Artha Venture Partners (https://capitalatlas.ai/funds/artha-venture-partners) — Seed
- Menterra Venture Advisors (https://capitalatlas.ai/funds/menterra-venture-advisors) — Seed
- Rianta Capital (https://capitalatlas.ai/funds/rianta-capital) — Seed