Agritech Startup BharatAgri shuts down operations amid funding crunch

Agritech startup BharatAgri has closed down after it couldn’t raise new funding or keep the business running as losses grew. The shutdown comes at a time when india’s agritech sector is going through one of its toughest fundraising periods in years.

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“While we had achieved positive unit economics, the overhead costs were still high because of which we could not achieve complete profitability,” Dialani said.  

“We could not attract investment for our business model. Even though the unit economics were good, the scale was not good enough to attract large investments,” Dialani said. 

About BharatAgri 

Founded in 2017 by Siddharth Dialani and Sai Gole, BharatAgri helped farmers boost their productivity using tech-based solutions. It provided AI-driven agronomy advice to help farmers increase their incomes through the systematic use of scientific farming methods.

Later, the startup also launched an ecommerce platform where farmers could buy fertilisers, seeds, farming tools, crop kits and gardening kits.

In 2023, the startup raised $4.3 million in a Series A round led by Arkam Ventures, with participation from Capria Ventures and existing investors like India Quotient, 021 Capital, and Omnivore. In total, BharatAgri raised over $14 million during its lifetime.

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