Cultino Agrotech Pvt. Ltd, which runs agritech startup Krishi Network, on Tuesday said it has acquired agriculture-focused edtech platform Rocket Skills for an undisclosed amount.
With this acquisition, Krishi Network plans to boost its operations and expand its ground presence with farmers. The firm is also planning to gradually rebrand Rocket Skills as Krishi Safal and roll out another agri-focused platform called Krishi Plus.
“After acquiring Rocket Skills, we will offer training to farmers based on their interest in farming sectors and helping those who want to start their own business. This acquisition will also help us achieve the revenue target to boost our operations further and expand our ground presence with farmers,” said Ashish Mishra, co-founder of Krishi Network.
Founded by IIT Kharagpur alumni, Mishra and Siddhant Bhomia, Krishi Network leverages the growing rural internet penetration to create a platform that eases information accessibility for farmers and enables them to generate higher profits from their land.
In February, the firm has roped in actor Pankaj Tripathi as its brand ambassador, who has also backed the platform for an undisclosed capital, VCCircle reported.
Rocket Skills was set up in 2020 by Mohit Jain and Vibhu Bahuguna. The platform aims to help entrepreneurs and small businesses with resources to start business. The startup focuses on agri-entrepreneurs working in MSMEs by helping them with courses created by experts in the field.
“We started Rocket Skills to upskill farmers about the modern farming techniques and help them increase their production or start their own business. Now coupled with Krishi Network’s distribution and team, we are closer to achieving that vision,” said Mohit Jain, co-founder of Rocket Skills.
In August last year, Rocket Skills raised Rs 2.2 crore in pre-seed round led by Better Capital, First Cheque and Titan Capital.