Robert Morris, founder and CEO of agricultural-imaging company TerrAvion Inc., sent customers an email saying the company was closed effective September 4, 2020. TerrAvion, started its journey in 2013, and offered farmers a high-tech view of their fields from above, including data about what’s working with a crop and what needs improvement. “If you are […]
Tag: Business Failure in Food and Agriculture
AgTech and FoodTech Startups Mistakes leading to Bankruptcy.
When it comes to business, food processing seems to be an obvious choice for most of the entrepreneurs. There could be a considerable number of reasons for this apparent choice. Some of the prominent ones could be: Our exposure to a range of food available in our vicinity and our food consumption habits. Media speaks […]
Phoenix Commodities, a trader of agricultural products with offices in Dubai and Singapore, is being liquidated after amassing more than US$400 million (S$567 million) in potential trading losses. It was valued at $1.1bn-$1.24bn as recently as January, according to a document filed by its provisional liquidators.. The Phoenix Group, which was registered in the British […]
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