Agriculture Technology

Because healthy soil is important

Soil conservation, especially soil fertility, is a very important factor in the whole world. It becomes much more important when we talk about India, an agriculture based economy. For better crop production, we need to have healthy soil. It is very important to prevent soil from reduced fertility caused by over usage, acidification, salinization or other chemical soil contamination. Suma Agro is a company that comes with a solution of soil fertility.
About the company
Suma Agro is a Chennai based sustainable agro-input company, founded in 2011. The company is headed by Krishnamoorthy Karthikeyan and Sumathi Balamurukan. The company basically offers products for soil nutrition. The basic idea of the firm is working with nature to promote balance and synergy between soil and plants. In account, they offer humic-acid-based soil nutrient solutions. They are the first company to manufacture Humic acid in the form of Potassium humate in India,in 2011. Since then the company has been manufacturing high- quality humates. Humates are considered as the single most productive input in agriculture, now a day. The product is rich in organic matter. It improves the physio chemical properties and microbial activities in the soil. The product can be used for higher yields, better product quality, massive root system, positive ecological effects. It also increases tolerance of the soil. Humates also reduce the need for chemical fertilizers. Currently, Suma Agro operates a manufacturing plant near Chennai. The company estimates around 1.2 million litres a year, with a market value of over one billion.The platform has revolutionized the soil health by their Active humic technology (AHT).
Funding
Sumo Agro has raised $89k funding from Ankur Capital, an early-stage VC fund. “Agriculture is a largely under invested sector, hence has a lot of potentials. Secondly, there is a lot of interest from the technology sector to develop applications and products for this nascent sector as they see this as the next big market,” said Rema Subramanian, Partner at Ankur Capital, according to a report in Economic Times. The same report states that Ankur Capital, a Rs 40-crore fund, has three more investments in the pipeline — one in a cold storage company and the other two in agriculture inputs and healthcare. Earlier Ankur Capital has also invested in the companies like CropIn Technology Solutions Pvt Ltd and Daily Dump.
Future Plan
The startup plans to invest the funds in agri-related sectors such as farm management solutions, post-harvest technologies, storage etc. They will focus on building a better technology for agri-related sectors.

Because healthy soil is important
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