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AgriTech startup Balwaan Krishi raises $2-M from Caspian, Others

BWDisrupt  

Jaipur-based agritech startup Balwaan Krishi has raised USD 2 million in a pre-Series A funding round led by “Caspian Leap for Agriculture Fund” (a fund managed by Caspian Advisors) with participation from angel investors including Deepak Agarwal (MD of Bikaji group), Rishab Jain (CFO of Bikaji), Pulkit Bachhawat (Founder, Right Pillar Advisors), and others. Right Pillar Advisors served as the financial advisors to the transaction and SkwerUp Capital Partners served as Legal Advisors to the transaction. Balwaan Krishi specializes in small farm machines and claims to be servicing approximately 5 lakh farmers with its products. The new funds will be used to develop new products and establish a pan-India distribution network for existing products. It will also be used for expansion plans in the southern and eastern regions of India.