Niqo Robotics is a Bengaluru-based agritech aiming to help the agriculture sector with its AI-powered solutions. This startup has secured $13 million in a series B round led by Brida Innovation Ventures.  The funding round had participation from its existing investor Omnivore and a new investor Fulcrum  Global Capital. 

The startup had a $2 million seed fund in 2019, and $5 million in a series A round led by investment  from Omnivore, FMC, and Blue Ventures in August 2021. With the funding of this series B round, the  startup now has an overall funding of $21 million. The CEO and founder of the startup, Jaisimha Rao  said that with the fund, Niqo is planning to expand into new markets and accelerate the commercial adoption of spot spray, globally. 

Image source: Niqorobotics.com 

Niqo Robotics specializes in crafting compact agricultural robots with AI-driven computer vision  technology which reduces costs and increases profitability. They use a proprietary AI camera with deep  learning models to identify and spray on plants selectively helping to reduce chemical usage by up to  90%. Niqo commercialized over 90,000 acres of land that benefited over 1800 farmers. In FY23 this  startup mentioned revenue of Rs 1.3 crore. At the same time, they faced the loss of Rs 9.8 crore. As of  present the largest stakeholder of this startup is Omnivore Partners with 25% followed by Brida  Innovation at 18% and Blume Ventures at 10%. The growing agri-tech sector in India presents  numerous opportunities for Niqo to further enhance the agricultural landscape, contributing to the  sector’s ongoing growth and innovation. 

This Bengaluru-based startup will be giving competition to Zenrobotics, Ecorobotis, and SwarmFarm. Niqo Robotics was founded in 2015 by Jaisimha Rao and it specializes in crafting compact agricultural  robots empowered with AI-driven computer vision technology to reduce costs and increase  profitability. According to the Economics Times, In 2021 the reflected GDP data shows that agriculture  was the only sector that recorded growth. report. This Agri-tech startup uses AI-driven technology to help Farmers. According to reports, India has seen a rapid increase in the field of agri-tech. This sector  has opened various market opportunities in the country for farmers.

Conclusion:  

Niqo Robotics is a Bengaluru-based agritech aiming to help the agriculture sector with its AI-powered solutions. This startup has secured $13 million in a series B round led by Brida Innovation Ventures.  The funding round had participation from its existing investor Omnivore and a new investor Fulcrum  Global Capital. This funding brings Niqo’s total fund raised to $21 million. With the new funding, Niqo  plans to expand into new markets and accelerate the global adoption of its spot spray technology. This  Bengaluru-based startup will be giving competition to Zenrobotics, Ecorobotis, and SwarmFarm. As of  present the largest stakeholder of this startup is Omnivore Partners with 25% followed by Brida  Innovation at 18% and Blume Ventures at 10%. The growing agri-tech sector in India presents  numerous opportunities for Niqo to further enhance the agricultural landscape, contributing to the  sector’s ongoing growth and innovation.