# Fasal

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/fasal

- Industry: Agribusiness
- Headquarters: Lucknow, India
- Website: www.fasal.co
- Total disclosed funding: $14M
- Latest round: Series A (Dec 22, 2023)
- Investors on record: 15

## About

Fasal is an Indian company specializing in IoT-based AI solutions for precision farming, specifically targeting horticultural crops to enhance agricultural productivity.Founded in 2018, Fasal operates from Lucknow, India, focusing on developing an AI-powered intelligence platform for farmers. The company was established by Ananda Verma, who has a history of entrepreneurial ventures prior to Fasal. Fasal has successfully completed a total of 8 funding deals, with the latest being a Series A round that raised USD 12.00 mn. This funding was secured from investors including 3one4Capital Advisors and British International Investment, and it represents the total amount raised by the company.Fasal provides an advanced IoT-based AI-powered intelligence platform specifically designed for precision farming, focusing on horticultural crops. Its core offerings include a comprehensive farm management system that delivers accurate microclimatic forecasts, precise irrigation recommendations, and real-time alerts for disease and pest risks. The platform utilizes farm-level data, integrating various parameters such as soil conditions, crop stages, and climatic factors to inform farmers about optimal growth conditions and resource requirements. The primary end users of Fasal's services are farmers across various regions, including states in India such as Maharashtra, Madhya Pradesh, and Karnataka, where it has made significant impacts in crop management and water conservation. The company serves both individual farmers and agribusinesses, enhancing their decision-making processes and operational efficiencies.Fasal operates on a transactional model that includes subscription services for its precision farming platform, where farmers pay a recurring fee to access its various functionalities. In 2024, Fasal generated a revenue of USD 4,122,220.10, with an EBITDA of USD -4,044,521.30. The company's flagship product, including innovations like FASAL WATER CREDIT™, is designed to motivate farmers toward sustainable practices while ensuring better financial management through insights on crop progression and financial health. Fasal's transactions are structured through direct B2C interactions with farmers and partnerships with agricultural institutions, creating diverse revenue streams related to its monitoring and advisory services.Fasal aims to leverage recent funding from a venture round completed in December 2024 to broaden its operations and expand into new business sectors. The company plans to enhance its product offerings and expand geographically, with a focus on entering new markets by the end of 2025. The funding will support these initiatives, providing the necessary resources for developing new products and optimizing existing services.

## Funding rounds

- Series A, Dec 22, 2023, $12M — British International Investment, Omnivore, Wavemaker Partners, Navam Capital, ITI Growth Opportunities, The Yield Lab, 3one4Capital Advisors, TDK Ventures, Genting Ventures, Aureolis Ventures
- Seed, Jun 13, 2020, $0.1M — The Yield Lab
- Seed, Oct 30, 2019, $1.6M — Omnivore, Wavemaker Partners, Animoca Brands Corporation Limited, Artesian, Mount Parker Ventures, Gastrotope, Zeroth.ai

## Investors

- Omnivore (https://capitalatlas.ai/funds/omnivore) — Seed, Series A
- Wavemaker Partners (https://capitalatlas.ai/funds/wavemaker-partners) — Seed, Series A
- Animoca Brands Corporation Limited — Seed
- Artesian (https://capitalatlas.ai/funds/artesian) — Seed
- Mount Parker Ventures (https://capitalatlas.ai/funds/mount-parker-ventures) — Seed
- Gastrotope — Seed
- Zeroth.ai — Seed
- The Yield Lab (https://capitalatlas.ai/funds/the-yield-lab) — Seed, Series A
- British International Investment — Series A
- Navam Capital (https://capitalatlas.ai/funds/navam-capital) — Series A
- ITI Growth Opportunities (https://capitalatlas.ai/funds/iti-growth-opportunities) — Series A
- 3one4Capital Advisors (https://capitalatlas.ai/funds/3one4capital-advisors) — Series A
- TDK Ventures (https://capitalatlas.ai/funds/tdk-ventures) — Series A
- Genting Ventures (https://capitalatlas.ai/funds/genting-ventures) — Series A
- Aureolis Ventures (https://capitalatlas.ai/funds/aureolis-ventures) — Series A