Intello Labs launches a commercial platform for agrifood products; monthly GTV clocks of USD 40mn
New Delhi, October 14 (PTI) Inello Labs, an agro-tech start-up for quality analysis, announced on Thursday that it had launched the agricultural commodity trading platform “Praman” and achieved a gross transaction value monthly (GTV) of $ 40 million.
Intello has announced the launch of its Praman business which has been in stealth mode for the past few months.
Praman is a revolutionary agricultural commodity trading platform with integrated quality assessment. It facilitates cash trading and electronic auctions in agricultural products, including cardamom, onion, garlic, pomegranate, apple, potato and tomato.
âIn a few months since its launch, Praman has already achieved a monthly GTV of $ 40 million,â the company said in a statement.
Praman said he redesigned auctions and commerce through AI-powered quality assessment, making them digital and data-driven.
A true digital exchange platform, Praman breaks the limits of current manual processes by automatically generating quality reports that are directly integrated into the exchange platform.
In addition to automating the workflow, Praman makes data on the quality of agricultural products accessible remotely, allowing traders to participate in real time from anywhere, without the need to be physically present at auctions or auctions. markets.
âWe are excited to give the entire trading process a digital makeover, fostering geographic expansion and market awareness. This initiative is one more step in establishing Intelli Labs as a leader in agrotech and innovation, âsaid Milan Sharma, co-founder and CEO of Intelli Labs.
The platform expects to achieve a monthly GTV of US $ 100 million over the next two quarters.
Present in India, the United States, Europe and Southeast Asia, Inello Labs uses computer vision, machine learning and AI to digitize food quality assessment and control. PTI MJH MJH ANU
Disclaimer: – This story has not been edited by Outlook staff and is auto-generated from news agency feeds. Source: PTI