New Delhi, March 30 AgriTech startup Cropcoin Technologies (formerly Jaisa) announced on Monday that it has raised ₹12 crore in a pre-Series A funding round, led by venture capital firm Unicorn India Ventures, with participation from Climate Angels.
The funds raised will support the company's expansion into Bihar and Jharkhand. The company intends to scale its operations from 10 districts to all 66 districts in the two states.
"With the aim of building a decentralized supply chain model, the company will focus on capturing the entire 66 districts in Bihar and Jharkhand from its current presence in 10 districts and will further strengthen its presence in the North East over the next 3 years," the company said in a statement.
The capital will also be used to fund research and development in bio-category products to improve soil health and reduce reliance on chemical inputs.
Cropcoin, founded in 2022, converts animal waste into organic fertilizer and bio-stimulants directly at the source. To date, it claims to have managed over 4,000 tons of waste and supports a community of over 70,000 farmers across Bihar, Jharkhand, and Manipur.