PE-VC Fund Investments
Rural vehicle platform Tractor Junction bags $22-M from Astanor, others
Alwar, Rajasthan-based rural vehicle and mobility solutions platform Tractor Junction has raised USD 22 million in a funding round led by Europe-based Astanor, with existing investors Info Edge and Omnivore participating. Of this, USD 17 million was equity, while the rest was debt.The platform aims to use the proceeds to expand its presence in new states and strengthen its fintech offerings, such as credit and insurance for vehicles.The company was founded in 2018 by Rajat Gupta and Shivani Gupta as a platform for tractor discovery and information. Currently, it operates four platforms-Tractor Junction, Truck Junction, Bike Junction, and Infra Junction-to sell new and used vehicles to farmers. In January 2024, it started a financing business to help farmers get credit for their used-vehicle purchases. The company also owns 75 stores in six cities.For FY25, Tractor Junction reported INR 120.8 crore in operating revenue, up 90.5% from INR 63.4 crore in FY24. The company’s net loss widened to INR 9.1 crore in FY25 from INR 3.7 crore a year ago.
Between Sep-19 and Apr-22, Tractor Junction had attracted about USD 6 M from PE-VC investors including AgFunder, Info Edge, Omnivore Partners, Rockstart AgriFood, Others.
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