Today: Jul 22, 2024

“Fasal bags $12m for farming precision, Danone sells Horizon Organic.”

7 months ago

The Indian precision farming startup Fasal has raised $12m in a series A funding round led by TDK Ventures and British International Investment. Fasal analyses data to provide farmers with information on growing conditions, irrigation, sprays, and other measures to optimise crop growth. The company intends to use the funds to accelerate growth and research and development of its technology.

Danone is to sell its US premium organic dairy business, Horizon Organic and Wallaby Yogurt Company. The businesses will be sold to private equity firm Platinum Equity. The deal is expected to complete this year, subject to regulatory approval.

ADM is to acquire PT Trouw Nutrition for an undisclosed sum. The company is part of Netherlands based Nutreco and has a leading animal nutrition market position in Indonesia. ADM believes the acquisition will enhance its presence in the poultry market in the region.

Relevance to Agriculture

The significant funding achieved by Fasal shows investor interest in precision agriculture solutions and new technologies for farming. Fasal can provide farmers with vital information to improve crop yields while saving on resource use. This technology can bring efficiencies and sustainability to agriculture, enabling farmers to make data-driven decisions.

The sale of Danone’s organic dairy business demonstrates companies’ ongoing interest in buying brands with a strong sustainability reputation. Consumers are increasingly looking for organic products, and Danone’s divestment is a good indicator that demand for these products is set to continue growing.

ADM’s acquisition in Indonesia demonstrates the company’s commitment to growing its market presence. The acquisition aligns with ADM’s strategy to expand its animal nutrition business. Poultry is a growing sector in the region, and the acquisition will help the company to strengthen its position in the sector.