Agritech startup Intello Labs bags funding to meet working capital requirements
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AI-based agritech startup Intello Labs has reportedly raised $2.82 Mn in Series B funding round at a post-money valuation of $77 Mn. The round was led by Saama Capital. Existing Investors Avaana Capital, Omnivore, Nexus Ventures, and AgFunder also have participated in the funding round. According to regulatory filings, Intello has allotted 1,961 compulsory convertible preference shares (CCPS) at an issuance price of INR 118,509 apiece to raise $2.82 Mn.