Funding · Agriculture & Food Systems

JM Financial invests ₹40 crore in Balwaan Krishi

By Startup Enthusiast · 19 June 2024

What they do

Balwaan Krishi sells small farm tools and backs them with advice, training, servicing and spare parts for farmers

JM Financial's private equity arm put in ₹40 crore through its third growth fund, its sixth deal from that fund

Balwaan planned to spend on brand building, marketing, working capital and a wider distribution network

JM Financial Private Equity invested ₹40 crore in Balwaan Krishi on 19 June 2024.
The money came from JM Financial India Growth Fund III, launched in 2021.
It was the fund's sixth investment.
Balwaan is run by Modish Tractoraurkisan Pvt Ltd, based in Jaipur.
The money was set for brand building, marketing, working capital and distribution.

Farm plots in India are shrinking, and farm labour is scarcer and costlier.
That is pushing up demand for small farm tools, the investor said.
The same fund had earlier backed BigHaat, PharmEasy entities and Clear water.

Balwaan covers advice before sale, quality products, training, service and spares.
It says few rivals offer all of these under one roof.
It is run by co-founders Rohit Bajaj and Shubham Bajaj.

JM Financial Private Equity (lead) — Private equity arm of JM Financial, investing through India Growth Fund III.