Mahindra Group ups stake in Ag-tech start-up Carnot to 69%

Mumbai, March 22, 2022: Mahindra Group has increased its stake in Carnot Technologies, an ag-tech start-up, to approximately 69%. The group has also affirmed its commitment to its vision of making Krish-e, the group’s farming as a service vertical, India’s largest ecosystem of digital products and solutions. As part of the round, an attractive ESOP pool for future employees has also been created.