Indian agtech start-up Nexus Venture Partners has raised $2m in seed funding from Intello Labs and Omnivore. Intello has developed a method of measuring crop quality using computer vision and deep learning. The tool can be used on a smartphone, enabling different parts of the value chain to measure the quality of food. The start-up is currently working with wheat, potato, onion, tomato and spices. The tech could lead to a 5% to 30% increase in prices paid to farmers by traders, who typically discount a crop's estimated value to factor in the potential for low-quality produce.
Indian agtech start-up Intello Labs has raised $2m in seed funding from Nexus Venture Partners and Omnivore. Intello has developed a method of measuring crop quality using computer vision and deep learning. The tool can be used on a smartphone, enabling different parts of the value chain to measure the quality of food. The start-up is currently working with wheat, potato, onion, tomato and spices. The tech could lead to a 5% to 30% increase in prices paid to farmers by traders, who typically discount a crop's estimated value to factor in the potential for low-quality produce.