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The Silicon Review Asia

Z3Partners Leads Gramophone's Series B

Z3Partners Leads Gramophone's Series B

Agritech startup Gramophone has raised $10 million

Based out of India, the agritech innovator Gramophone has raised $10 million in its Series B round. The round was led by Z3Partners. Existing investors Info Edge, Asha Impact, and Siana Capital participated in this round. The round also saw investments coming in from Amit Sharma from former Sunrise Group, Sumeet Kanwar from Verity, and Chona Family Office (Havmor Group).

"With this investment, we will double down on investing in technologies that lower costs, improves transparency and empowers the local community of agri entrepreneurs with more earning opportunities in rural areas. We are excited to welcome Z3Partners and other new investors in this journey and deepen our partnership with Info Edge, Asha Impact and Siana Capital," said Tauseef Khan, Co-founder and CEO of Gramophone.

Founded in 2016 and headquartered in Indore, Gramophone is offering one-stop solutions for farmers through its technology platform. Over one million farmers are using the company's products and services. It has seen company has seen a 4x increase in revenues over last year. The company will be using the funding to expand its presence and technology development, and M&A.

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