Private Equity PE Fund Investments
Agritech startup BigHaat raises Rs.100-Cr from JM Financial, Beyond Next, others
Source Mint (opens in a new tab)
Bengaluru-based agri-digital platform BigHaat Agro Pvt Ltd has raised INR 100 crore in a Series B round led by JM Financial's Private Equity unit. Beyond Next Ventures, one of the earlier investors in BigHaat, also participated in the fundraise. This marks the closing of the ninth investment by JM Financial India Fund II.
Set up in 2015, BigHaat functions on a direct-to-farmer model and is working on transforming the agriculture value chain by leveraging science, data and technology. Proceeds from the fresh investment will support the augmentation of the existing technology infrastructure and accelerate expansion of the company's operations.
Company website ↗ (opens in a new tab)
From the Venture Intelligence PE-VC Deal Database: Between Dec-16 and Aug-20, BigHaat raised over $3.0 M from Beyond Next Ventures, Rockstud Capital, Ankur Capital, and others. (Subscribers to the database can login to view the valuation, deal structuring and other transaction details.)