Bengaluru (India) based Gocarin, an agritech startup — focusing on animal feed supply chain — has secured a seed funding of $58,646 (INR 4,900,000) from KIIT Technology Business Incubator (TBI) under the BIRAC Leap Programme, an initiative of the government of India to support innovative startups and strengthen the entrepreneurial ecosystem of India.
The BIRAC Leap Programme launched by Biotechnology Industry Research Assistance Council (BIRAC), aims to accelerate startups with high potential for impact and scalability by providing financial support, strategic guidance and mentorship.
Dr. Mrutyunjay Suar, CEO of KIIT TBI, expressed his confidence in Gocarin Industries, stating, “We believe in the vision and potential of Gocarin Industries. Its commitment to leverage technology to solve real-world problems in agriculture aligns perfectly with the objectives of the BIRAC Leap Programme.”
With the seed funding, Gocarin industries plans to scale its operations, enhancing product development and expanding its market presence.
Dr Ramanuj Panda, founder and CEO of Gocarin Industries said,” We are honoured to receive this support from KIIT TBI and BIRAC. This funding will be instrumental in driving our mission to revolutionize the agriculture industry by empowering farmers with cutting-edge technology solutions. The validation from such esteemed institutions is a testament to our team’s hard work and dedication.”
Gocarin Industries is focused on modernising the Indian animal feed supply chain and reducing information asymmetry experienced by farmers engaged in animal husbandry. The company aims to revolutionize the animal nutrition sector by implementing new technologies and processes. Its feed formulations are designed to help farmers maximize the nutrient value for their animals.
