DAO Platform Samudai Closes $2.5 Mn Pre-seed to Empower DAOs to Execute at Scale

Samudai, a decentralized autonomous organization (DAO) platform for managing and building communities in the Web3 ecosystem, today announced that it has closed a pre-seed financing round of USD $2.5 Million, to continue growing the team, accelerate development, and bring its platform to market.

The heavily oversubscribed round includes the participation of well known investors including FTX Ventures, Sino Global Capital, A&T Capital, Coinbase Ventures, Lunar Ventures, NxGen, Paradigm Shift Capital, DWeb3 Capital, Builders Tribe, and Superteam DAO. The company also secured funding from several notable operators and angel investors including Balaji Srinivasan (former CTO, Coinbase), Charles Songhurst (Serial Investor), Sandeep Nailwal (Polygon), Harsh Rajat (EPNS), Tamar Menteshashvili (Solana), Devfolio, Akshay BD (Superteam DAO), Tanmay Bhat (Superteam DAO), Mayur Relekar (Arcana), Jennifer Tran (Mintgate), Dermot O'Riordan (Unstoppable), Nelson Ryan (Unstoppable), and others.

The Samudai platform will enable unprecedented levels of customization and facilitate large-scale coordination and executions among DAOs. Samudai is planning a full productivity suite for DAOs, including a Web3 native project management framework, team graphs, and an analytics dashboard, along with building a roster of talented Web3 professionals to facilitate collaboration with a proprietary and verifiable reputation metric called “Bushido.” 

Samudai, which means “community” in Hindi, was founded in 2022 and incorporated in Singapore by Kushagra Agarwal and Navin, who met in college and have been working together for over five years. The company operates globally and remotely. 

“We’re grateful for the support of such well-known investors in innovation which will help us make it easier for DAO Admins and Contributors to nurture a healthy work-life while advancing global coordination in this industry,” said Samudai Co-Founder Navin. “We believe work culture can make DAOs great and defensible, but admins and members are presently spending too much time on operational issues. To remedy this, we have designed a platform that gives DAO teams and contributors a better view of how contributors are interacting and, most importantly, will improve productivity by gathering all the operations in one place and simplifying the process.”

Samudai plans to launch a private alpha version of its platform to a small group of users this Summer, around mid-July, with a public beta phase later in 2022. The company is eager to hear from early adopters who want to join the Samudai alpha testing period and provide meaningful feedback. For more information, please contact: hi@samudai.xyz

Vegetable Farming Startup Pepper Farms Raises $1 Mn in Seed Funding led by Axilor Ventures

Saurabh Singla,Co-Founder and CEO Pepper Farms; Shalini Aggarwal, Co-Founder and COO Pepper Farms

Pepper Farms is disrupting the 300 billion dollarhorticulture industry in India by organising productions via improved infrastructure and tech integrations.

The company is on track to reach an Annual Recurring Revenue of 8 million USD by mid-2022 with improved yields and adding 1000 acres of land under it in next 12 months.

Agritech start-up Pepper Farms, that helps farmers organise vegetable production lifecycle starting with plantations until harvest and sales, secured USD 1 million in seed fund led by AxilorVentures and Himanshu Aggarwal, Co-founder of Aspiring Minds. Others who also participated in the round included Prof Tarun Khanna (Harvard Business School), Raman Uberoi(ex-COO CRISIL), Sunil Kalra (Via Projects), Rahul Jain (Co-Founder Epigamia).

Founded by Saurabh Singla, an alumni of IIT Guwahati and Shalini Aggarwal, Chartered Accountant, an alumni of SRCC, Gurugram based Pepper Farms is organising vegetable production by building a network of farms with end to end virtual management, customised agronomy, and direct market linkages. The company aims to use the capital to strengthen its operations via advanced technology and agronomy stack.On a track to reach an Annual Recurring Revenue of 8 million USD by mid-2022, Pepper Farms is organising the 300 billion USD horticulture industry in India.

Directly working with farm owners, farmers, and others involved in the value chain of vegetable production, the company has been able to expand its business in country’s top agricultural geographies, including Punjab, Haryana, Uttarakhand, Himachal Pradesh managing dozens of farms.

Speaking on the announcement, Saurabh Singla, Co-Founder and CEO Pepper Farms, said, “Emerging as the fastest growing network of protected farms in India, we aim to bring production of another 1000 acres under Pepper Farms in the next 12 months. Multiplying yields and financial returns with great traction from farmers and landowners, we are on a mission to disrupt the farming industry with our agronomy, operations, and marketing strategies”.

“The idea was to reduce inefficiencies plaguing the farming ecosystem. With structuring small, fragmented farms, we are able to impact the lives of hundreds of farmers, skilled and unskilled workforce while delivering quality production for the masses,” added Shalini Aggarwal, Co-founder and COO Pepper Farms.

“There is a massive opportunity to optimise farming value chains. Pepper Farms has rapidly scaled from inception with its ground understanding of vegetable production, enabling future growth. With technology advancements and agriculture science developments, Pepper Farms will be a key player in the farm production ecosystem of the country,” commented Lead Investor Prachi Sinha, Axilor Ventures.

Pepper Farms is enabling improved yields, operating the entire value chain from plantation to harvest and large-scale sales with infrastructure management. With ground research, agronomy, marketing, and high-quality production round the year, the start-up is selling the produce daily across APMCs, eRetail, modern retail, and restaurants through their robust supply chain.

To know more about Pepper Farm, please visit: www.pepperfarms.in