Monday, April 19, 2021
Techiexpert.com
No Result
View All Result
  • Login
  • Register
  • Home
  • Tech news
  • Startups
  • AI
  • IOT
  • Big Data
  • Cloud
  • Data Analytics
  • ML
  • Blogging
Techiexpert.com
No Result
View All Result

qZense, an agritech start-up secures INR 4.5 Cr seed investment

Srikanth by Srikanth
December 30, 2020
in Startup news
Reading Time: 3 mins read
A A
0
qZense, an agritech start-up secures INR 4.5 Cr seed investment
16
SHARES
220
VIEWS
Share on FacebookShare on Twitter

Venture Catalysts, India’s first and largest integrated incubator and accelerator, has recently led INR 4.5 Cr seed investment in qZense Labs, an agritech start-up for quality control and management of fresh produce. The funding round was led by Manish Modi (MD, Mastermind Capital) & VedantLoyalka (Chairman, Curae Health).  9Unicorns, an idea-stage accelerator VC invested in the same round along with participation from other prolific investors like The Chennai Angels, Entrepreneur First, London based VC and Lumis Partners.

Founded in 2019, by RubalChib and Dr SrishtiBatra, qZense aims to transform the Indian fresh food supply chain industry with its end-to-end IOT-based solution for providing quality assessment and management of fresh produce. Around 40% of the fresh, post-harvest produce in the world is lost due to factors such as internal spoilage, low shelf-life, and over-ripening during transportation. Intuition-based, manual decision-making is the leading cause behind this considerable inventory loss and suboptimal margins, making quality assessment and management of fresh food an area of concern in the retail market. This is where qZense enters the picture.

The start-up solves the problem by providing a non-destructive and accurate qualitative grading of fresh foods across the supply chain to food businesses and retailers. Its innovative technology captures the internal quality of food by employing NIR and olfactory senses and machine learning algorithms to provide an accurate analytical assessment of various internal quality parameters. These include ripeness, brix, storage and shelf-life. It also uses a web dashboard to offer real-time insights and alerts regarding the scanned produce.

Speaking on the investment, RubalChib – Founder at  qZense, said, “We are glad to partner with Venture Catalysts and The Chennai Angels. Their support will enable us to take another step towards our vision of becoming a one-stop-solution for quality assessment of fresh produce. We will leverage the capital infusion to bolster our expansion plans by scaling the team and accelerating our marketing endeavours.”

ADVERTISEMENT

Dr. Apoorva Ranjan Sharma, Co-founder & President – Venture Catalysts & 9Unicorns, commented, “The digital boom has undeniably put the Indian agritech industry on the map. The space is witnessing new developments every day, each innovation addressing specific pain points in the sector. One such pain point is managing the quality of fresh produce and minimizing its wastage. qZense is aiming to address and resolve this pertinent issue by leveraging the power of digital technology. The founding team’s dedication and the start-up’s IP are well-positioned to disrupt the market space worth USD 2 billion. We are confident that the start-up will transform the experience of Indian food businesses and retailers for the better.”

“This Founding team is very competent with complimentary and highly complex skillsets. We believe that their solutions have the potential to optimize revenues and minimize wastage for all players in the agri food chain. We also see promising large use cases in harvesting of sugarcane and vanilla where non destructive measurement of sugar content will hugely  benefit the farmer community”, said K Chandran, CEO of The Chennai Angels. 

Leveraging its digital platform, qZense aims to empower food businesses and retailers to not only minimize their produce loss but also to determine the optimal margins of freshness. Its software platform offers two products to ensure an effective and seamless delivery of service.The Q-Scan is a handheld scanning device for grading the internal quality. The second product Q-Log comprises olfactory loggers responsible for measuring the quality of produce during storage and in logistics.

Tags: Agri-tech startupqZenseVenture Catalysts
Share6Tweet4Share1Pin2
Srikanth

Srikanth

Passionate Tech Blogger on Emerging Technologies, which brings revolutionary changes to the People life.., Interested to explore latest Gadgets, Saas Programs

Related Posts

AnKa SumMor raises a Pre-Series-A funding
Startup news

AnKa SumMor raises a Pre-Series-A funding

by Srikanth
April 16, 2021
SuperK raises 6 Cr in Seed Round funding
Startup news

SuperK raises 6 Cr in Seed Round funding

by Srikanth
April 15, 2021
Websites For Conducting a Background Check
Startup news

Essential background checks that every Australian startup should use

by Sony T
April 11, 2021
PumPumPum
Startup news

PumPumPum raises INR 5.5 Cr in Pre-Series A funding led by IPV

by Sony T
April 9, 2021
Social Platform for Positive Impact – ChekMarc
Startup news

Social Platform for Positive Impact – ChekMarc

by Srikanth
April 8, 2021

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms & Conditions and Privacy Policy.

Latest Stories

Professional Tips on How to Find the Best Online Providers
Tech news

Professional Tips on How to Find the Best Online Providers

by Sony T
April 17, 2021
How email marketing and chatbots impacts businesses
Cloud Computing

How email marketing and chatbots impacts businesses

by Srikanth
April 16, 2021
AnKa SumMor raises a Pre-Series-A funding
Startup news

AnKa SumMor raises a Pre-Series-A funding

by Srikanth
April 16, 2021
Why Consumers Haven’t Fully Adopted IoT Devices
Tech news

How Smartphone Applications are Making Life Easier Than Ever Before

by Sony T
April 16, 2021
Load More
Techiexpert.com

© 2020 All Rights Reserved

  • Terms of use
  • Privacy Policy
  • About Us
  • Contact us
  • Write For Us
  • Cookie Policy

  • Login
  • Sign Up
No Result
View All Result
  • Home
  • Tech news
  • Startups
  • AI
  • IOT
  • Big Data
  • Cloud
  • Data Analytics
  • ML
  • Blogging

© 2020 All Rights Reserved

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

*By registering into our website, you agree to the Terms & Conditions and Privacy Policy.
All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
Newsletter ?

What is Expected ?

  • Newsletter
  • eBooks
  • Tech Reports
  • Infographic
  • Webinar
  • Event Tickets
We would like to show you notifications for the latest news and updates.
Dismiss
Allow Notifications