India, May 7 -- Agritech startup Cornext has raised $2.2 Mn (around INR 18.3 Cr) in a seed funding round from Omnivore.
The Hyderabad-based startup will use the fresh capital to grow its yearly silage production to 1 Mn MT by 2026. Besides, the proceeds will be deployed for investments across research and development in baling technology.
Founded in 2015 by Madhav Kshatriya and Feroz Ahmed, Cornext is an agritech company focused on dairy, operations and logistics. It develops feeding solutions for dairy farmers and also claims to address fodder deficit problem through its patented preservation technique called silage baling.
Silage is the fermented grass or crops that farmers feed to animals when there's not much fresh food around.
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