Precision agriculture platform Fasal on Monday said it has raised USD 4 million from investors to expand business in India and South East Asia. The company raised this fund in pre-Series A round led by 3one4 Capital with participation from existing investors Omnivore and Wavemaker Partners, Fasal said in a statement. Other investors in this round include Genting Ventures (Malaysia), The Yield Lab Asia-Pacific, Antares Investments, and Sandeep Singhal of Nexus. Fasal is a full-stack AI-powered IoT SaaS platform for horticulture sector. Using on-farm sensors and scientific algorithms, Fasal delivers farm and crop-specific actionable insights to farmers in vernacular languages. The platform is also working on a range of new services including F&V market linkages and parametric crop insurance. To date, the startup claimed that it has helped save more than 9 billion litres of water from irrigation, reduced pesticide expenditure by around 60 per cent, and increased yields across 40,000
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