Exfinity Venture Partners, a “frontier technology fund backing enterprise companies in India and across the India-U.S. business corridor” has made a $2 million seed round investment in California-based AgShift, which is developing a system that reduces waste by autonomously inspecting produce and other commodities for defects. Its “deep learning” data-based analysis perform quality assessments and makes independent judgments based on USDA specifications or a customer’s proprietary quality requirements.

Miku Jha, AgShist’s founder and chief executive officer, told DealStreet Asia that “We have proven out our core technology working with these great partners. Now, with new capital, we will work towards strengthening our development team and maturing the product for specific enterprise and use cases.”

Indian Roots, Global Outlook

Mumbai-based Exfinity Venture Partners, looks to back “technology driven product companies that have development in India but scalable across the Globe. The firm also selectively invests in opportunities that address “the structural challenges in India to create disruptive impacts e.g., improving efficiency of logistics, governance etc. or specific opportunities that address the large India consumer market via marketplaces or aggregations.”

While this is the first agtech pure play in Exfinity’s portfolio, the company has invested in several logistics and supply-chain startups with ag and food applications, including Mara Labs and Sabonka Technologies.

By David Nitchman, GAI Media