May 18, 2024

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Pioneering Ventures acquires agri-tech company to bolster tech-enabled solutions

Revolutionary Ventures declared a newly shut acquisition of Indian agri-tech corporation Lateral Praxis today.

The go is aimed to provide tech-enabled solutions for the food stuff provide chain like data entry, applications, data analytics, and chance mitigation.

According to the joint launch, the acquisition recognizes major shifts in the Indian food stuff system in the latest yrs. This will bolster the use of know-how and data to increase operational efficiencies and good quality in day-to-day provide chain routines.

The systematic technology of data intelligence also enables us to generate precious providers and increase the conclusion generating of all parties in the food stuff ecosystem.

Launched in 1999 by agri-tech stalwart Suniti Gupta, Lateral Praxis has worked closely with central and state governments, ministries and departments, together with farmer communities at village/panchayat stage to develop, configure and apply knowledge-based mostly methods.

The Mumbai-based mostly corporation at the moment works with a core workforce to deliver solutions for online payment platforms, data aggregation, and data mining for a various consumer base.

Speaking about this improvement, Dr. Pablo Erat, co-founder of Revolutionary Ventures, stated in the formal launch: “End-to-end provide chain digitization has been a core pillar of our approach. We have been doing work properly with Lateral Praxis for a lot of yrs and I am confident that the workforce will even further strengthen our know-how and data abilities. The acquisition is an essential milestone in the implementation of our approach to speed up the improvement of our fully built-in food stuff know-how platform and assist us drive big-scale transformation across the food stuff ecosystem as a result of data intelligence-based mostly providers.”

Elaborating on this improvement, Suniti Gupta, Founder-CEO of Lateral Praxis and a recognised agri-tech professional in India stated in an formal assertion: “As Indian agriculture and food stuff sector gets all set to embrace upcoming-technology, tech-enabled long run, the time is ripe for beneficial disruption. Our working experience and core competencies will be augmented perfectly by Revolutionary Ventures’ abilities and presence across the food stuff provide chain, supporting us jointly scale up our solutions and shipping. We seem ahead to joining the PV household.”

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