Former Facebook Co-Founder Invests in TechEmerge Innovator

Cold chain innovator New Leaf Dynamic Technologies has secured around $900,000 (Rs 6.15 crore) from former Facebook co-founder Dustin Moskovitz’s investment fund Good Ventures in a pre-Series A funding round.

The New Delhi-based startup—which conducted a very successful TechEmerge pilot with India’s largest e-grocer BigBasket—will use the funds to scale its product portfolio and strengthen cold chain infrastructure across India.

“We will be utilising the capital raised through this round majorly to strengthen India’s cold chain infrastructure—reducing post-harvest losses by replacing conventional compressor technologies with New Leaf’s biomass-powered made-in-India refrigeration technology which is affordable, sustainable and reliable,” said Akash Agarwal, co-founder, New Leaf Dynamic.

Read more about New Leaf’s innovative technology here.

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