BharatRohan Secures $2.3 Million to Bolster Drone-Based Agricultural Technologies
BharatRohan, a company specializing in agricultural technology (agtech) solutions that leverage drone-based hyperspectral remote sensing, has successfully secured $2.3 million in a pre-IPO funding round. The investment round was led by prominent entities including Villgro Innovation Foundation, Caspian, RevX, and Venture Garage.
Funds Directed Towards Innovation in Drone Technology
The company, in a press release, outlined its plan to utilize the raised funds for the development of proprietary edge computing drones. These advanced drones are specifically designed to enhance precision in crop monitoring and enable variable pesticide application. Additionally, BharatRohan intends to make these drones accessible to rural entrepreneurs through franchise-based models.
Focus on Compact Sensor Development
BharatRohan’s vision extends beyond just drones. The company also plans to design and develop compact hyperspectral and multispectral sensors specifically tailored for drone usage.
Proven Track Record in Supporting Farmers
Founded in 2016 by Rishabh Choudhary and Amandeep Panwar, BharatRohan has established a strong presence in the agtech sector. Their innovative drone-based decision support system (DSS), known as BharatRohan CropAssure, is currently empowering 50,000 farmers across five Indian states. This advanced system covers a staggering 2,00,000 acres of land and plays a vital role in early detection of crop diseases, pests, and nutritional deficiencies. By enabling the implementation of integrated pest management (IPM) strategies, BharatRohan paves the way for residue-free crop cultivation.
Expansion Plans and Impressive Growth Trajectory
Looking ahead, BharatRohan has ambitious plans to expand its operations and service offerings. The company aims to establish a presence in 15 Indian states, significantly increasing its reach to cover 10 lakh acres of land by 2025. Furthermore, BharatRohan boasts impressive financial growth, claiming a threefold increase in revenue and a 200% surge in profits compared to the previous financial year.