Jaipur-based agritech startup, Balwaan Krishi, has successfully raised INR 40 Cr (approximately $4.8 Mn) in a Series A funding round led by JM Financial Private Equity, the private equity division of JM Financial Ltd.
This significant infusion of capital is set to accelerate Balwaan Krishi’s product development and expand its distribution network across India, with a particular focus on southern regions.
Founded in 2016 by Rohit Bajaj and Shubham Bajaj, Balwaan Krishi is committed to transforming rural communities by providing affordable and efficient machinery tailored for small and marginal farms.
The startup has already made a substantial impact, currently serving over 50 Lakh farmers nationwide, selling over 60,000 units of equipment and fulfilling more than 1,000 orders daily through e-commerce platforms such as Amazon and Flipkart.
This funding comes at a time of heightened investor interest in the agritech sector, with companies like Ninjacart, Dehaat, and Cropin gaining prominence.
The Indian agritech ecosystem is experiencing rapid growth driven by the increasing demand for advanced technological solutions and supportive initiatives from both the central and state governments promoting smart agricultural practices.
Balwaan Krishi’s mission aligns perfectly with these trends, aiming to reduce farmers’ operational costs through innovative farm machinery.
As the agritech sector continues to evolve, new players like Balwaan Krishi are emerging, disrupting traditional practices and attracting significant investor attention.
