Funding · Agriculture & Food Systems

Balwaan Krishi raises $2 million pre-Series A

What they do

Balwaan Krishi sells low-cost farm machinery built for small and marginal farms, online and through partner platforms

Caspian Equity's agriculture fund led the $2 million round, with angels including Bikaji group's managing director Deepak Agarwal

It had sold over 60,000 machines before the round and planned new products plus a national distribution network

Balwaan Krishi raised $2 million in a pre-Series A round in May 2023.
Caspian Leap for Agriculture Fund, managed by Caspian Equity, led the round.
Angels included Deepak Agarwal and Rishab Jain of Bikaji, and Pulkit Bachhawat of Right Pillar Advisors.
The money was for new products and a pan-India distribution network.
It also backed a push into southern and eastern India.

Balwaan said it had sold over 60,000 machines, covering about 10,000 hectares.
Its products were best-sellers in their categories on Amazon and Flipkart.
It also sold through partners such as BigHaat, Moglix and Tractor Junction.

Caspian Leap for Agriculture Fund (lead) — Agriculture fund managed by Caspian Equity.
Deepak Agarwal (angel) — Managing director of the Bikaji group.