Swiss-Indian agri tech platform Innoterra acquires Fasal

Swiss-Indian agri tech platform Innoterra it has acquired the fresh produce distribution business of Fasal, a precision agriculture and digital farming company, to expand its presence in Bengaluru and Chandigarh.

The acquisition will give Innoterra access to Fasal’s 85,000-acre farmer network, which is expected to double its distribution routes and drive projected revenue growth of 30-35 per cent, mentioned the company.

″We will continue pursuing strategic acquisitions to scale our business while prioritising operational efficiency and financial sustainability. By tapping into Fasal’s farmer network, particularly in bananas and pomegranates, Innoterra expects up to an 80 per cent increase in fruit distribution″, said Avinash Kasinathan Innoterra India Business Head and Managing Director.

The company plans to extend its Farmlink platform into non-perishables and staples such as rice and spices, Kasinathan added.

″This transition allows us to sharpen our focus on precision agriculture, driving smarter and more sustainable farming solutions″,said Fasal Co-Founder and CEO Shailendra Tiwari.

Following the acquisition, Fasal will focus on advancing its precision agriculture technologies and expanding farmer support initiatives. The company did not disclose the financial details of the deal.