Agritech & Environmental Intelligence company Hydenmet raises USD 150k from ah! Ventures Angel Platform Agritech & Environmental Intelligence company, Hydenmet, has raised USD 150k from angel investors through ah! Ventures Angel platform. ah! Ventures’ has done 129 investments in 97 Startups till date taking its total investment portfolio to INR 275 CR (~36 MN USD) with 14 exits and 28 follow on rounds. 29 investments have happened through all three platforms in 2022 till date. Hydenmet was incorporated in 2019 and won the state of Bihar as their customer in August 2019 when they developed a mobile application called “Indravajra” for detection & early warning of lightning and dangerous thunderstorms. When lightning claimed 83 lives in 24 hours in June 2020, Indravajra was in the news (Hydenmet was originally called Qihou Solutions and was renamed to Hydenmet Solutions in November 2020 due to expansion of objects of the company). This Bangalore based startup has three distinct offerings: a)Providing hyperlocal environmental intelligence & crop advisory to farmers, through STAGE (Smart Technology-Based Agriculture Enabler) b)Providing lightning & dangerous thunderstorms alerting to people with the idea of saving lives through VYOMET (alerting mobile app) c) Providing environmental technology & education to school students through CLASS (Climate Learning & Student Safety) with the idea of creating future generations who are sensitive to saving the environment Bhaaskaran Rangarajan, Founder & CEO of Hydenmet says “When we started in 2019, the idea was just to provide hyperlocal weather intelligence through a dense network of weather stations and other sensors, but it shaped into Agritech and other allied support services for small & marginal farmers, combined with the long-term vision of creating an environment-sensitive next generation solution”, on how he started his journey. Hydenmet plans to capture majority of the small & marginal farmers segment, which has been ignored by all most large Agritech Players by creating a unique per acre per year pricing model for a range of support services offered to farmers working with Farmer Producer Organizations (FPOs).  Hydenmet has 3-year contracts signed with over 25 FPOs covering 50,000 acres of cultivation spread over 3 states since 2021 February. Of the 100 million acres of cultivation in India by small & marginal farmers, even if Hydenmet gets 5% in the next few years, they can see revenues of Rs. 2000 Crores per year! There is barely any technology that helps small & marginal farmers. The technology that governments use is outdated and not accurate. Hence, they too are sourcing from Hydenmet. Most importantly, post covid - the focus has really shifted towards the agricultural sector. Government is also offering several benefits and resources to support innovation. What's interesting is that - it is not easy for a new entrant to penetrate this sector, as deep ground level knowledge and network is required. Smart farming has proven to add value to the farming industry helping farmers increase operational productivity and yield quality, at the same time reduce expenses and wastage. Hydenmet has proven its business model as it is already profitable and cash positive with strong revenue numbers. The founding team has many years of deep knowledge of the sector, and strong relationships. Besides the fact that, they barely have any cost to manage and run - Hydenmet is projecting 200% revenue growth in the next 5 years too. The business climate in India and the current schemes of the central Government focused on formation of 10,000 new FPOs and the various programs aimed at doubling small & marginal farmers’ income, are very conducive for Hydenmet to forge ahead with its plan of becoming a unicorn! Karan Rajani, Deal Lead - Hydenmet and Venture Partner at ah! Ventures said, “Working with FPOs formed by small & marginal farmers is a unique business engagement model and Hydenmet has already proved that they can generate Rs. 4000/- per acre per year from these organizations by providing access to good quality inputs, access to finance and access to market, combined with technology services. We are excited to work with Hydenmet and look forward to work closely with them in coming months.” Contact: Abhijeet Kumar, abhijeet@ahventures.in About ah! Ventures ah! Ventures is one of the world's largest fundraising platform for early stage startups raising up to 10 MN USD. ah! Ventures has three platforms: First Gear, which helps startups raise upto INR 1 CR (~USD 150K), Angel Platform, which helps startups raise upto 1 MN USD and High Tables Platform, which helps startups raise 1-10 MN USD. Today ah! First Gear, Angel and High Tables platforms have over 70000+ entreprenurs, 2000+ seed/angel investors and over 1000 VCs & institutional investors registered with it. ah! First Gear, Angel and High Tables platforms till date have invested INR 275 CR (~36 MN USD) in 97 startups & 129 investments and have announced 14 exits & 28 follow on rounds. Contact: Abhijeet Kumar, abhijeet@ahventures.in