Menterra leads pre-Series A funding in agri-tech startup Aibono

Aibono Smart Farming Pvt. Ltd, which offers an artificial intelligence-powered fresh food aggregation platform, has raised $2.5 million (Rs 17.5 crore) in a pre-Series A funding round led by social-impact investor Menterra Venture Advisors.Others who took part in the round include The Artha Initiatives of Switzerland-based impact investor Rianta Capital, Silicon Valley-based Milliways Ventures, Tokyo- and Singapore-based venture capital firm Rebright Partners and venture capital firm 3one4 Capital.Aibono said in a statement on Monday it will use the funds to power its next phase of growth that involves getting more farmers and standalone retailers onto its network, besides strengthening its logistics infrastructure and team. The company has more than 400 farmers and 250 retailers on its network currently.