Agricultural analytics platform Resson could get up to $5.2m from farming equipment maker Mahindra, which would receive a 10% stake.
Diversified conglomerate Mahindra & Mahindra has agreed to invest up to C$6.6m ($5.2m) in Canada-based agricultural analytics software provider Resson, FirstPost reported on Tuesday.
The deal would give Mahindra, which operates the world’s biggest selling tractor brand, a 10% stake in Resson if it chooses to purchase the entire allotment of just over 800,000 preferred shares.
Founded in 2013, Resson has built a cloud-based platform that applies predictive analytics to agricultural images to enhance crop management, analysing factors such as…
