Gurugram, India-based vegetable growing tech startup Eekifoods has raised a pre-series A funding from GSF Accelerator, as announced on May 10, 2021. 

The funds are said to be used for expanding technology development, scaling operations, and team building. Other investors present in the round were Naho Shigeta, Founder, and CEO of Infobridge Holdings, Shalini Sanjay Shah, Director at Core19VC, and a Gulf Based Syndicate. Existing investors of Eekifoods – Sumit Jain, Country Head of BirdEye, and Dipesh Palod were also present in the round. 

About Eekifoods 

Founded in 2019, by IIT Bombay graduates Amit Kumar and Abhay Singh, Eekifoods has developed a proprietary vegetable growing technology, which allows it to produce completely residue-free, Indian and exotic vegetables and sell them profitably at near-market prices. This is due to the technology which has reduced the cost of growing by 40 percent for a variety of Indian fruit-bearing vegetables, as compared to the other coco-peat-based hydroponics technologies. 

Normally, hydroponic growers have their focus on exotic vegetables, but Eekifoods has its interest in growing Indian vegetables like coriander, tomato, eggplant, cucumber, and bitter gourd. The startup currently has four functional farms in Rajasthan. These farms are remotely managed and controlled by Eeki’s farm IoT. It has said that it is looking for new farm partners, and is planning to set up at least 12 more farms by the end of this financial year and produce 84 metric tonnes of produce monthly, for sale in the NCR and Rajasthan area, thus bringing up the opportunity to provide them with consistent service via farming-as-a-service. 

About GSF Accelerator 

Founded in 2012, with Rajesh Sawhney as the founder and the CEO, GSF Accelerator is India’s number one technology accelerator with clients in its portfolio consisting of Whatfix, Slintel, Quizizz, DocsApp, Flinto, Citymall, Gamezop, Well Being, Zen Duty, Khabri, and Vaultedge. It also had several successful exits including Little Eye Labs ( acquired by Facebook), Dailyrounds (purchased by M3 Japan), and Pokkt (acquired by Anymind, Japan). 

What do the Founders say?

“Eekifoods is borne out of two years of research and development of a unique technology, which focuses on inculcating cutting-edge agricultural techniques that are both sustainable and economically viable. Today, we are able to grow tomatoes, bottle gourd, eggplant, cucumber, and other vegetables and sell them profitably at near-market prices. We are excited to have the backing of renowned investors like GSF Accelerator at such an early stage, and this funding is a strong validation of our mission at Eekifoods to build the most sustainable agriculture platform in the world”. 

What do the investors say?

“Eekifoods has the most advanced Hydroponics technology developed indigenously by Indian talent. Companies like Eeki are important to the future of Indian agriculture. Eeki provides a leapfrog opportunity to Indian agriculture and its modernization”. 

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