Spacetech firm SatSure has successfully secured an undisclosed amount of funding in its Series A round, with notable participation from Promus Ventures and Baring Private Equity Partners (BPEP), India. TransUnion also contributed to the funding round, further bolstering the startup‘s financial standing.
The infusion of funds is set to propel SatSure’s innovative product development initiatives, enhancing its capabilities to leverage technology for the agriculture finance landscape. Mr. Prateep Basu, Founder & CEO of SatSure, expressed his enthusiasm regarding TransUnion’s investment, highlighting the shared commitment to driving financial inclusion in agriculture finance.
The collaboration between TransUnion CIBIL and SatSure dates back to 2022 when they introduced the CIBIL Credit & Farm Report (CCFR), aimed at providing credit institutions with comprehensive access to credit data, crop insights, and land information for farmers.
Mr. Rajesh Kumar, MD and CEO of TransUnion CIBIL emphasized the significance of the investment in SatSure, stressing the potential to leverage combined expertise to facilitate financial access for millions of farmers and professionals in the agricultural sector.
SatSure, headquartered in Bangalore, India, with additional offices in Philadelphia, Pennsylvania, and Liverpool, United Kingdom, specializes in decision analytics, utilizing big data analytics, machine learning, and satellite technology to address challenges related to climate change, infrastructure, and agriculture sustainability.
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