InfyU Labs

Founded in 2019, InfyU Labs is a Gandhinagar-based company specializing in IoT solutions for the AgriTech sector, focusing on enhancing agricultural quality assessments to reduce waste and improve market negotiations. InfyU Labs, established in 2019 in Gandhinagar, India, is focused on providing IoT-based solutions for quality assessment in agriculture. The company was co-founded by Amit Srivastava and Ankit Chauhan, with Amit serving as the CEO. In September 2021, InfyU Labs raised INR 18 million in Seed funding from IAN Capital, making the total amount raised INR 18 million.

The firm has completed a single deal to date. InfyU Labs specializes in providing IoT-based solutions targeted at the AgriTech sector, particularly focusing on the quality assessment of fruits and vegetables. Their core product offerings include the Infyzer, a non-destructive testing device that determines the internal quality of perishable products within five seconds using advanced multispectral imaging technology. This device assesses critical quality metrics such as TSS (BRIX), acidity (pH), firmness, shelf life, and other internal quality factors, significantly reducing waste in traditional testing methods that typically result in the destruction of fruit samples.

Additionally, InfyU Labs offers the SpectralBox, a portable external quality assessment tool that identifies external defects like bruising and sunburn. Their services are tailored for farmers, traders, and retailers, enabling them to negotiate better prices based on accurate quality assessments. InfyU Labs primarily serves markets in India, but its solutions are applicable to a global audience, enhancing quality control in agricultural supply chains across various geographical regions including Europe and North America. In the most recent year of 2023, InfyU Labs reported a revenue of INR 586,149.

20, with an EBITDA of INR -101,989. 70, indicating the financial performance of the company within that year. InfyU Labs plans to leverage the INR 18 million raised in Seed funding to enhance its product offerings and expand into new markets. They are looking to design and launch additional IoT solutions aimed at the AgriTech sector by 2024, with a specific focus on markets outside India, including Europe and North America.

This strategic expansion is expected to capitalize on the growing demand for technology-driven agricultural solutions.