# Nu Genes Pvt.

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/nu-genes-pvt

- Industry: Agribusiness
- Headquarters: Secunderabad, India
- Website: www.nugenes.net
- Total disclosed funding: $6M
- Latest round: Seed (Dec 23, 2019)
- Investors on record: 1

## About

Nu Genes Pvt. Ltd. is an agricultural biotechnology company focused on developing and marketing innovative hybrid seeds for crops like Pearl Millet and Sorghum, aimed at enhancing productivity and sustainability in farming.Founded in 2004 in Secunderabad, India, Nu Genes Pvt. Ltd. specializes in the agricultural sector, providing hybrid seeds to farmers. The company was co-founded by Narayana Punyala, who has experience in agricultural innovation. The company raised USD 6 million in Seed funding from Sathguru Catalyser Advisors on December 23, 2019, marking the total amount raised to USD 6 million.Nu Genes Pvt. Ltd. specializes in the development, production, processing, and marketing of hybrid seeds, particularly for Pearl Millet and Sorghum. Its offerings include high-quality hybrid seed varieties designed to improve agricultural productivity and resilience, catering to farmers, cooperatives, and distributors across at least 12 states in India. The company prides itself on continuous research and innovation to meet the evolving agricultural needs, implementing rigorous quality assurance processes to ensure product reliability.In the most recent year of 2023, Nu Genes Pvt. Ltd. reported a revenue of USD 9,756,087.80, with an EBITDA of USD 527,053, generated through the sale of its hybrid seeds via B2B transactions with retailers and wholesalers, serving farmers and agricultural businesses throughout India.Nu Genes Pvt. Ltd. aims to enhance its product line by developing new seed varieties designed to meet emerging agricultural challenges, with plans for launches in the near future. The company is targeting expansion into additional regions within India as well as potential international markets by 2025. The recent USD 6 million Seed funding will be utilized to support these product development initiatives and geographical expansion efforts.

## Funding rounds

- Seed, Dec 23, 2019, $6M — Sathguru Catalyser Advisors

## Investors

- Sathguru Catalyser Advisors (https://capitalatlas.ai/funds/sathguru-catalyser-advisors) — Seed