Agtech Firm Eeki Plans ₹700 Crore Investment for Expansion Over Two Years

Agritech startup Eeki has announced plans to invest ₹700 crore over the next two years to bolster its operations and broaden its domestic and international footprint, according to a company statement.

The immediate expansion strategy involves extending Eeki's presence from Rajasthan and Haryana to states such as Madhya Pradesh, Maharashtra, and Tamil Nadu, along with venturing into international markets like Oman. Eeki also intends to initiate vegetable exports to destinations including the UAE, Singapore, and Europe.

Abhay Singh, CEO & Co-Founder of Eeki, highlighted the company's goal of expanding its reach across India by collaborating with landowners and partners who share similar values. He emphasized Eeki's patented growing technology, which enables sustainable and climate-resistant farming practices, resulting in significantly higher yields compared to traditional methods while using substantially less water.

Claiming to be the largest independent controlled environment farming company, Eeki aims to scale its operations to cover 800 acres within the next two years. Singh emphasized the pivotal role of automation in Eeki's operations, leveraging cloud-based platforms to optimize yield and ensure crop health through early disease detection powered by machine learning and robotics.

Previously securing a Series A funding of $6.5 million from institutional investors including General Catalyst (GC) and Avaana Capital, Eeki has garnered praise for its innovative approach to addressing societal and environmental challenges.

Anand Chandrasekaran, Venture Advisor at General Catalyst, lauded Eeki's founders for their commitment to creating businesses that deliver both financial returns and societal impact. He underscored Eeki's vision to eradicate malnutrition globally by making nutritious, residue-free vegetables accessible and affordable.

Amit Kumar, COO & Co-Founder of Eeki, highlighted the significant socio-economic impact of the company's initiatives, including conservation of resources and employment generation for rural communities.

Anjali Bansal of Avaana Capital expressed excitement about Eeki's potential to revolutionize farming practices and build a climate-resilient agriculture ecosystem. She emphasized the importance of Eeki's technology in addressing malnutrition and creating positive social change.

HBL