Cropin raises $20M of primary capital on Series C funding

In the recently concluded Series C funding, Agritech startup Cropin has raised $20 million of primary capital, taking the overall investment into the company to $33 million. This was followed by a secondary sale of $4.3 million and was open to the company’s employees and investors holding stocks. Several early investors and employees who sold their stocks realised nearly 70X returns on their investment. In the first of its kind move in the agtech space, this is huge value creation for the employees and depicts the healthy growth that the company has been witnessing. A Secondary Sale or ESOP buyback ensures that employees receive benefits for the impact that they are creating with their work and contributes significantly to the growth of the company. So far, Cropin has digitised over 16 million acres of farmland and enriched the lives of nearly seven million farmers, across over 52 countries covering 400 crops and over 10,000 crop varieties.