Mahindra Partners With Gamaya To Develop Next-Gen Farming Capabilities

Mahindra enters into Strategic Alliance with Switzerland-based Gamaya, acquiring 11.25% stake in Agri-technology firm.

Mahindra & Mahindra’s Farm Equipment Sector (FES) has announced an investment of CHF 4.3 million (US$ 4.3 million) for an 11.25% stake in Switzerland based Agri technology firm Gamaya SA.

Speaking on the strategic partnership, Rajesh Jejurikar, President, Farm Equipment Sector Mahindra & Mahindra said, “With agriculture increasingly becoming technology-intensive, we at  Mahindra are investing in the future ready technologies to provide complete solutions to the global farming community. Our strategic association with Gamaya will enable us to develop and deploy next-generation farming capabilities such as precision agriculture and digital farming technologies. With this partnership, we expect to set new benchmarks in farming and its related services”.

 Yosef Akhtman, Co-founder and CEO of Gamaya, said, “Agriculture is a complex industry that is undergoing rapid transformation towards efficiency and sustainability. The success of this process will undoubtedly rely on the collaboration between established industry leaders and innovators. We are excited to have Mahindra as an investor and strategic partner to help Gamaya bring the benefits of advanced technology, including hyperspectral imaging and machine learning, to both industrial farmers and smallholders around the world”

This investment will be through a subscription to 300 Common Shares and 30,469 Series B Preferred Shares of Gamaya SA. ICOS Capital, VI Partners, and some existing investors also participated in the CHF 7.5 mn Series B funding round. Through this investment, Mahindra will make farming solutions easily accessible to the global farming community, in line with the company’s Farming 3.0 strategy.