# ECSO Global Private

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/ecso-global-private

- Industry: Biotechnology
- Headquarters: New Delhi, India
- Website: www.absolute.ag
- Total disclosed funding: $116M
- Latest round: Series B (May 5, 2022)
- Investors on record: 8

## About

Founded in 2015 and based in New Delhi, India, ECSO Global Private Limited, trading as Absolute Foods is an agri-tech startup that grows fruits and vegetables in a hydroponic system with IoT sensors. In May 2022, ECSO Global Private Limited raised USD 100 million in venture funding from Alpha Wave Global, Sequoia Capital, and Tiger Global Management, valuing the company at USD 500 million post-money. Agam Khare (CEO) and Prateek Rawat (COO) are the co-founders of the company.

The company offers three platforms including a bioscience research platform, a universal farm operating system (Farm OS), and a global trade platform. The firm's R&D platform (BioX) combines plant biology, microbiology, omics, molecular biology, epigenetics, and artificial intelligence (AI), and its farm OS platform generates insights for farmers to maintain the best growing conditions throughout crop cycles.

The organization plans to use the May 2022 investment to strengthen its technology, hire and scale in newer markets and segments and also help farmers grow crops without using synthetic enzymes as well as support its geographical expansion.

## Funding rounds

- Series B, May 5, 2022, $100M — Hong Shan, Tiger Global Management, Alpha Wave Global
- Series A, Aug 18, 2021, $13M — Alpha Wave Global, Sequoia Consulting Group, Surge
- Seed, Mar 18, 2021, $2.3M — Surge
- Seed, Sep 24, 2019, $1.1M — LVX, Indigram Labs, Vevek Ventures

## Investors

- LVX (https://capitalatlas.ai/funds/lvx) — Seed
- Indigram Labs — Seed
- Vevek Ventures — Seed
- Surge (https://capitalatlas.ai/funds/surge) — Seed, Series A
- Alpha Wave Global (https://capitalatlas.ai/funds/alpha-wave-global) — Series A, Series B
- Sequoia Consulting Group — Series A
- Hong Shan — Series B
- Tiger Global Management (https://capitalatlas.ai/funds/tiger-global-management) — Series B