Originals · Startup · Startups & Fintech
IIT Kanpur incubated ScaNxt joins Rainmatter's portfolio with SIDBI and Exim Bank backing
The agritech deeptech firm raised an undisclosed sum for soil testing, pest detection and climate smart tools already used by about 90,000 farmers across 21 states, Times of India and the company announcement say.
ScaNxt Scientific Technologies, an IIT Kanpur incubated deeptech agritech startup, has joined the portfolio of Rainmatter, Zerodha's climate and deep technology investment arm, and raised an undisclosed sum that also includes the Small Industries Development Bank of India and Export Import Bank of India. The Times of India Kanpur desk and a company sourced announcement published on The Manufacturing Frontier both reported the backing around 5 to 6 November 2026.
Flagship product Bhu-Parikshak runs chemical free soil testing with near infrared spectroscopy and machine learning. The company's Detect technology and AgroLens platform add real time pest detection and crop advisory. ScaNxt says it has registered close to 90,000 farmers and serves more than 200 B2B customers across over 21 Indian states, while expanding internationally. Fresh capital is earmarked for product development, deeper research, channel partners and wider deployment for small and marginal farmers.
Founder and CEO Rajat Vardhan called the Rainmatter, SIDBI and Exim combination validation for climate smart hardware plus AI in the field. Rainmatter's Abhinav Singh Negi said the team combines hardware, AI and engineering rather than software alone. Exim Bank's Sailesh Prasad, heading the Ubharte Sitaare Programme, pointed to export potential. The amount remains undisclosed, so the next public signal will be how fast the farmer and B2B base grows beyond the figures the company already cites.
