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§ Private Profile · Gurgaon, Haryana, India
Agri-tech company using AI and computer vision to assess and monitor crop and food quality for growers and food businesses.
Gurugram, India-based Intello Labs develops artificial intelligence and computer vision technology for agricultural crop and food commodity quality assessment. Its smartphone app grades produce for factors like color and size, claiming 95 percent accuracy over manual inspection. The company has raised $8.72 million in institutional funding, including a $5.9 million Series A led by Saama Capital and a $2.82 million Series B in December 2022. Investors include AgFunder's GROW Impact Fund and Nexus Venture Partners, with customers such as Dole, Ocean Spray, and Reliance Fresh. The technology aids food businesses, including growers and retailers, in improving customer satisfaction and reducing losses. Intello Labs was founded in 2016 by Milan Sharma, Nishant Mishra, Himani Shah, and Devendra Chandani.
Intello Labs has raised $10.8M across 3 funding rounds.
Intello Labs has raised $10.8M in total across 3 funding rounds.
Intello Labs has raised $10.8M across 3 funding rounds. Most recently, it raised $2.8M Series B in December 2022.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Dec 13, 2022 | $2.8M Series B | Saama Capital | AgFunder, Avaana Capital, Nexus Ventures, Omnivore | Announced |
| May 1, 2020 | $6M Series A | Avaana Capital | SVG Ventures THRIVE, Nexus Ventures, Omnivore, Saama Capital, John Friedman, Nexus Venture Partners | Announced |
| Apr 3, 2019 | $2M Seed | Puneet Kumar, Mark Kahn | — | Announced |
Intello Labs is an AI-powered agritech company that digitizes quality assessment for fresh produce using computer vision and machine learning to reduce food loss and waste.[1][3][5] It builds platforms for real-time grading of parameters like color, size, and defects, serving farmers, aggregators, packers, exporters, online retailers, and food services, while solving inefficiencies in manual sorting that lead to rejections and shrinkage.[1][2][5] The company optimizes supply chains with tools like Praman, an AI-driven trade exchange platform achieving $40 million monthly GTV in 2021 and targeting $100 million, demonstrating strong growth alongside expansions into Australia via accelerators and partnerships with marquee investors like Nexus, Omnivore, and Avaana Capital.[1][2]
Intello Labs was founded to tackle global food loss through AI, with roots in the founders' expertise in analytics, deep learning, and strategic planning.[3] Co-founder and CEO Milan Sharma, a former analytics professional at Snapdeal and dunnhumby, envisioned digitizing produce quality after recognizing inefficiencies in traditional methods.[1][3] CTO Nishant Mishra brings mastery in deep learning, image processing, and Big Data, while Himani Shah (likely Himani Shah per listings) handles investor relations and project management as an entrepreneur.[3][6] Early traction included awards like NASSCOM's AI for Good in 2019 and a $5 million funding round led by Avaana Capital in 2021, followed by Praman's launch and RISE Accelerator participation for Australian market entry.[1][2]
Intello Labs stands out in agritech through these key strengths:
Intello Labs rides the agritech and AI-for-climate wave, addressing food waste—a crisis where up to 40% of produce is lost post-harvest due to subjective quality checks.[3] Timing aligns with rising demand for supply chain transparency amid climate pressures and food security needs, amplified by post-2020 digital acceleration in agriculture.[1][4] Market forces like investor interest in sustainable tech (e.g., climate solutions, farm efficiency) and government nods via IndiaAI favor its growth, while it influences ecosystems by partnering with retailers and accelerators to standardize global produce quality.[2][4][6] This positions it as a multiplier for efficiency in a $8 trillion agri-food industry facing labor shortages and sustainability mandates.
Intello Labs is primed for hypergrowth by scaling Praman toward $100M+ GTV and deploying pilots in new markets like Australia, leveraging AI advancements in edge computing for broader commodity coverage.[1][2] Trends like AI democratization, climate-resilient farming, and blockchain-traced supply chains will propel it, potentially evolving into a full-stack platform influencing global standards. As agritech matures, expect Intello to deepen retailer integrations and investor-backed expansions, redefining fresh produce efficiency from farm to fork—building on its mission to eliminate food waste at scale.[3][5]
Intello Labs has raised $10.8M in total across 3 funding rounds.
Intello Labs's investors include Saama Capital, AgFunder, Avaana Capital, Nexus Ventures, Omnivore, SVG Ventures-THRIVE, John Friedman, Nexus Venture Partners, Puneet Kumar, Mark Kahn.