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Today at a Glance:
Quote of the day
Word of the day
Today’s top Agri-affairs
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Quote of the day
“Life is not a problem to be solved, but a reality to be experienced.”—Soren
Word of the day
Break-even-point: It is the point at which total cost and total revenue are equal, meaning there is no loss or gain for your small business.
Today’s top Agri-affairs
“Eruvaka” was acquired by “Nutreco” for a better change
The fishery is a profitable sector but it is also unorganized like agriculture. Even there are few start-ups that exist in this sector. So, in this news, we are going to know about two such start-ups.
Eruvaka based in Vijayawada develops cloud-based aquaculture pond management solutions, including real-time monitoring and smart feeders.
Nutreco, a global leader in animal nutrition and aquaculture, acquired a majority stake in Eruvaka.
Agritech-focused venture capital firm Omnivore announced the sale of Eruvaka to Nutreco on Tuesday, delivering the largest exit to date in Indian agritech.
Nutreco’s acquisition of Eruvaka will enable Skretting, its aquaculture business, to deliver on-farm software and smart equipment to shrimp farmers globally.
Sreeram Raavi, Founder of Eruvaka said, “I have absolute faith that Eruvaka will thrive under the leadership of Nutreco, bringing digitization and sustainability to aquaculture farms worldwide.”
Let’s good luck to both companies for future endeavors.
Start-up boot camp at ICRISAT
The International Crops Research Institute for the Semi-Arid Tropics (ICRISAT) and The Entrepreneur Zone (TEZ) have called for applications from entrepreneurs and innovators for its online Agri and food-tech business idea boot camp.
will be held from August 3 to 5. The three-day program is aimed at entrepreneurs planning to enter the Agri and food-tech start-up domain.
Early-stage ventures in this domain that are looking to calibrate their business model can also take part in the boot camp.
The camp offers entrepreneurs a platform to discuss their business idea in upcoming sectors like Agri-fintech, farm-gate value addition, climate change resilience, and adaptation with our experts,” Selvaraj (Chief Executive Officer of Agribusiness and Innovation Platform at ICRISAT), said here in a statement.
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