Precision animal management and feed practices startup, eFeed, has secured a grant of Rs 25 Lakhs from the Indian Council of Agriculture Research, Government of India.
The grant ceremony took place at the ICAR campus in Delhi and witnessed the participation of eminent leaders from ICAR, including joint directors.
Founded in December 2020 by Kumar Ranjan, eFeed addresses the intersection of animal nutrition, health, environmental sustainability, and economic development in the cattle industry.
The start-up is dedicated to sustainable livestock practices, actively addressing methane emissions through the promotion of balanced ration (TMR), localised feed formulations, and initiatives contributing to the reduction of greenhouse gas emissions in the livestock sector.
Kumar Ranjan, founder and CEO of eFeed, expressed his enthusiasm about the grant, stating, “This grant from ICAR Pusa is a testament to the impactful work we have been doing at eFeed. It is a recognition of our commitment to enhancing the overall well-being of animals, farmers, and the environment. We are excited about the possibilities this grant opens up for us to reach more farmers with our technology solutions and demonstrate tangible increases in milk output.”
The funds will be utilised to further expand operations, the company added in its statement. eFeed aims to demonstrate a substantial impact on the increase in milk output, thereby contributing to the overall productivity and sustainability of the livestock and dairy sector, it added.
The company conducts training programs to educate farmers about the dietary requirements of different animal species, organic feed processing, and the preparation of feed using readily available resources at home. In addition to its focus on animal nutrition, eFeed emphasises the integration of sustainable animal culture with the food security value chain
The start-up has already collaborated with over 1.2 lakh farmers, emphasising sustainable animal culture and integration with the food security value chain. eFeed has raised more than $1.5 million in venture capital from prominent investors like Omnivore, Huddle, Better Capital, Faad, and Venture Catalyst.
Source : Outlook Startup Jan 10th 2024