PE Fund Investments
AgroStar tops up Series D round size to $70-M
Pune-based agritech startup AgroStar has raised USD 70 million (around INR 527 crore) in its Series D funding from Evolvence, Schroders Adveq, Hero Enterprise and CDC Group. The round also saw participation from existing investors Aavishkaar Capital, Accel India, Bertelsmann India Investments, Chiratae Ventures, and Rabo Frontier Ventures. AgroStar, which was founded in 2013 by Sitanshu Sheth and Shardul Sheth, provides real time farm advisory free of charge through its tech platform to farmers across India. It will use the funds to expand business.
From the Venture Intelligence PE-VC Deal Database: In Oct-21, AgroStar had raised $7-M as part of its Series D round led by Aavishkaar (via Aavishkaar Bharat Fund), Accel India, Bertelsmann India Investments and Innoven Capital. Between May-13 and Sep-19, AgroStar had raised about $50-M from Bertelsmann India Investments, Accel India, Aavishkaar, Chiratae Ventures, Rabo Frontier Ventures, Accel USA, and Intellecap Impact Investment Network. (Subscribers to the database can login to view the valuation, deal structuring and other transaction details.)
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