PRYM Group Secures Rs 21.4 Crore to Revolutionize Agritech Landscape
PRYM Group, an agritech startup, raised Rs 21.4 crore in a pre-IPO round led by key investors, targeting growth in its business verticals including drones, AI advisory, and UAV manufacturing. Plans involve scaling nationally, focusing on indigenization and developing new agri-drones for enhanced crop solutions.
- Country:
- India
The innovative agritech startup, PRYM Group, has successfully raised Rs 21.4 crore from a consortium of investors to bolster its business ventures, including pioneering drones and AI-based crop solutions.
This funding round valued the company at Rs 300 crore, marking a significant milestone ahead of its anticipated IPO. Esteemed investors such as Utpal Sheth, former CEO of Rare Enterprises, alongside promoters from Lloyd Metals and other notable firms, participated in the round.
To propel its vision forward, PRYM Group will expand Salam Kisan's 'drone-as-a-service' network and AI-based advisory tools nationwide, while concurrently boosting PRYM Aerospace's manufacturing capabilities to support indigenous agricultural drones and advanced UAV systems.
(With inputs from agencies.)
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