VC Fund Investments
Agritech startup BigHaat raises $8.4 M in Series C round
Bengaluru-headquartered agritech startup BigHaat has raised USD 8.4 million in Series C funding round co-led by Ashish Kacholia and RBA Finance and Investment Company. The round also saw participation of VPK Global, Anshul Anil Goel, Advik Tecnocommercial, Amee Shah Mehta, Rupaben Shailesh Mehta, Viren Ajit Joshi, Rohhan Viren Joshi and Nishchay Goel.BigHaat will issue 6,186 Series C compulsory convertible preference shares (CCPS) at INR 1,12,366 each aggregating to INR 69.5 crore (USD 8.4 million).Suresh Agarwal (on behalf of RBA Finance and Investment Company) and Ashish Kacholia co-led the round with an infusion of INR 30 crore each. VPK Global and Anshul Anil Goel invested INR 3 crore and INR 1.5 crore, respectively.BigHaat provides data-led crop advisory to farmers and helps them with distribution, marketing and operations. The firm also offers agriculture products including seeds, pesticides, fertilisers, pumps, tractors and growth promoters through its marketplace platform.BigHaat has raised around USD 29 million to date. In January 2022, it raised INR 100 crore led by JM Financial along with existing backer Beyond Next Ventures.
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