Home Insight FUNDING NEWS- Newly Funded Startups 2024 Agritech Startup Balwaan Krishi Secures $2 mn in pre-Series A Funding

[Funding alert] Agritech Startup Balwaan Krishi Secures $2 mn in pre-Series A Funding

[Funding alert] Agritech Startup Balwaan Krishi Secures $2 mn in pre-Series A Funding
[Funding alert] Agritech Startup Balwaan Krishi Secures $2 mn in pre-Series A Funding
Agritech startup Balwaan Krishi, which specialises in small farm equipment, has been successful in raising $2 million in pre-Series A funding.
Team Balwaan Krishi

Agritech startup Balwaan Krishi, which specialises in small farm equipment, has been successful in raising $2 million in pre-Series A funding.

The Caspian Leap for Agriculture Fund, an agri-focused fund managed by Caspian Equity, was the round’s lead investor. Other notable investors included Pulkit Bachhawat, the founder of Right Pillar Advisors, Deepak Agarwal, the MD of the Bikaji group, and Rishab Jain, the CFO of Bikaji. Right Pillar Advisors provided the transaction’s financial advice, and Skwerup Capital Partners provided the legal counsel, as per reported by The Economic Times.

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On this funding round, Rohit Bajaj – Cofounder and CEO said in a statement, “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.”

‘Balwaan Krishi’ fastest-growing smart agriculture machinery company, headquartered in Jaipur, India. Incorporated in the year 2016 with the idea of providing accessibility to small and marginal farmers for affordable farm equipment.

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Emmanuel Murray, Investment Director Caspian Equity and Fund Manager Caspian LEAF said, “We are thrilled to have Balwaan Krishi as a partner. Our investment in Balwaan aligns with our investment thesis of offering innovative products for the mechanization and empowerment of small farmers. Balwaan’s wide range of affordable, custom-made agricultural machines, clever distribution network, and strong industry connections set them positioned for market dominance.”

Balwaan is dedicated to providing farmers with cutting-edge mechanized solutions that increase their productivity, sustainability, and efficiency. Balwaan has quickly gained a solid reputation in the market and gained the customers’ trust as a reliable brand.

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“Our unwavering dedication to empowering farmers remains steadfast,” Shubham Bajaj – co-founder and COO of Shubham Bajaj says. “We aim to give low-cost, cutting-edge agricultural equipment to Indian farmers with our innovative products and wide distribution network. This will boost their yield and save labor expenditure. I am thrilled to witness the remarkable adoption of our gender-friendly lightweight machines among female farmers, Balwaan empowers all farmers, regardless of gender, to succeed.”

Deal Advisor, Ankur Goel, partner at Skwerup Capital Partners, “Balwaan is leading the space in the small farm machinery segment by harnessing much-needed solutions (available across the globe) and providing the same to farmers through last mile connectivity. The round will help the company to build more strong position and make its distribution network robust.”

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About Balwaan Krishi

One of India’s top Agri machinery & tools brands is Balwaan Krishi. The best collection of tillers, brush cutters, augers, sprayers, and other outdoor power equipment can be found here for customers. Balwaan will assist & handle outdoor work swiftly, effectively, and easily in both rural and urban regions!

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