Agritech Startup Balwaan Krishi Raises $2 Mn From Caspian Leap, Others
Balwaan Krishi, a Jaipur-based agritech startup, has raised $2 million (around Rs 16.5 crore) as a part of its pre-Series A funding round led by Caspian Equity’s agriculture-focused fund Caspian Leap for Agriculture Fund.
Several angel investors, including Deepak Agarwal (Bikaji group), Rishab Jain (Bikaji) and Pulkit Bachhawat (Right Pillar Advisors), among others, also participated in the funding round.
As per the startup, the freshly raised funds will be used to develop new products and establish a pan-India distribution network for their existing products.
Additionally, the startup also plans to offer consumer finance options to farmers to simplify their purchases through EMI plans, along with establishing an Indian language after-sale service center.
Balwaan Krishi | Making Farm Mechanization Affordable And Accessible
Founded by Rohit Bajaj and Shubham Bajaj in 2016, Balwaan Krishi offers affordable farm machines, including sprayers, seeders, brush cutters, power weeders, and more to small and marginalized farmers.
The Jaipur-based agritech startup aims to design and launch innovative solutions tailored specifically for the Indian market, with the distinction of being the first in India to introduce ISI-approved small farm machine products under the Balwaan Krishi brand.
Speaking about the development, Rohit Bajaj, Co-founder and CEO Balwaan Krishi, said,
“This funding round marks a monumental milestone for Balwaan, propelling us towards our long-term vision and goals, it will strengthen our market position, attract top people, and increase our distribution network! We will be able to connect with smaller farm mechanization by expanding our distribution networks. We are at the forefront of innovation, harnessing cutting-edge technologies like artificial intelligence (AI) and machine learning (ML) to revolutionize our product offerings and obtained to give proactive maintenance and unparalleled support to our dedicated farmers.”
The Jaipur-based agritech startup counts BigHaat, Moglix, IndustryBuying, Freshokarts, and Tractor Junction as partners and aims to reach Rs 500 crore in revenue by FY26. Balwaan Krishi claims to have achieved significant traction, created awareness among 10 million farmers and servicing approximately 5 lakh farmers with their affordable products.
The startup plans to set up a local Indian language after-sale support center that will provide round-the-clock technical assistance to farmers, ensuring seamless customer service and enhancing the overall experience of farmers using its machines.
Last month, Two Brothers Organic Farms (TBOF), a leading producer of natural and organic farming products, announced the successful completion of its pre-Series A funding round of Rs 14.5 crore.
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