Agritech Startup Aibono Raises $2.5 Mn In Pre-Series A Funding Round

Bengaluru-based agricultural service provider Aibono has raised $2.5 Mn (INR 17.4 Cr) in Pre-Series A funding round which was led by impact fund Menterra Venture Advisors.Other investors such as Silicon Valley-based Milliways Venture, Zurich-based Artha Ventures, Japanese fund Rebright Partners and Mohandas Pai-backed 3one4 capital also participated in this round.Aibono was founded in 2014 by Vivek Rajkumar. The startup uses artificial intelligence technology and data science to provide precision agriculture to the farmers. It also aggregates the demand for agricultural supplies by working with small retailers.According to Aibono, its farmer centric platform helps small farmers leverage farm analytics, IoT, and data science for a guaranteed 2x yield and scalable output.