PE-VC Fund Investments
Agritech startup BigHaat raises Rs.37-Cr led by JM Financial India
Bengaluru-based BigHaat , a full-stack agritech platform, has raised INR 37 crore (USD 4.1 million) in an extended Series C funding round led by JM Financial India, contributing INR 15 crore. Other participants in this round include existing investors Ashish Ramesh Kacholia and Suresh Kumar Agarwal, who each invested INR 10 crore, alongside individual backers such as Neeraj Chaudhary, Usha Sharma, Pramod Kumar Lahoty, and other angel investors.Co-founded in 2015 by Satish Nukala and Sachin Nandwana, BigHaat offers data-led crop advisory to farmers to facilitate informed decision-making. The platform also provides support in distribution, marketing, and operations, and sells a wide range of agricultural inputs, including seeds, pesticides, fertilizers, farm equipment, and crop growth promoters.The fresh capital raised will be used towards meeting the company's working capital requirements, supporting capital expenditures necessary for its growth trajectory, and fulfilling general corporate needs.
Between Dec-16 and Dec-23, Bighaat had attracted about USD 26.29 M from Ankur Capital, Beyond Next Ventures, Rockstud Capital, Earlsfield Capital, JM Financial, BlackSoil Capital, Ashish Kacholia, Others.For FY24, Bighaat had reported about INR 1,057.23Cr in Operating Income and about INR 26.34 Cr in Net Loss.
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