Funding · Agriculture & Food Systems
Cropcoin raises ₹12 crore to expand in Bihar and Jharkhand
By Startup Enthusiast ·
- Date
- Company
- Cropcoin Technologies
- What it does
- Agritech startup making organic fertiliser from waste
- Kind
- Funding
- Amount
- ₹12 crore
- Stage
- Pre-Series A
- Based in
- Gurugram
- Founded
- 2022
What they do
Cropcoin transforms animal waste into organic fertiliser for farmers
What happened
Unicorn India Ventures led the ₹12 crore Pre-Series A round
Why it matters
The startup plans to double its farmer base to 1.5 lakh users
The details
- Cropcoin Technologies raised ₹12 crore in a Pre-Series A funding round.
- Unicorn India Ventures led the investment with participation from Climate Angels, a-IDEA, and NAARM.
- The funds will support geographical expansion across 66 districts in Bihar and Jharkhand.
- Cropcoin aims to double its farmer network to 1.5 lakh+ within the next 12-18 months.
- The company plans to reach ₹100 crore ARR within the next 24 months.
- Investment will also fund product development for bio-category products to improve soil health.
- The startup intends to strengthen its presence in the North East over the next three years.
- This follows previous funding rounds including a seed round of $169K and a $300K raise last June.
The bigger picture
- The startup has achieved 3x year-on-year revenue growth over the past 12 months.
- It currently manages over 4,000 tons of agricultural waste through its decentralized model.
- The company operates in Bihar, Jharkhand, and Manipur with a hyperlocal supply chain.
- Its minimal burn rate indicates efficient capital usage during this expansion phase.
About the business
- Cropcoin solves agricultural waste management and soil health degradation issues.
- It transforms animal waste from poultry and dairy farms into organic fertiliser.
- The process occurs at source to keep farms cleaner and boost profits.
- Products include organic fertilisers and bio-stimulants that reduce chemical fertilizer use.
- The business model targets ₹10 crore ARR in the next 24 months.
- It creates new income streams for farmers while enabling chemical-free food production.
- The company reduces greenhouse gas emissions by managing livestock waste effectively.
- Current operations cover 10 districts with plans to scale significantly.
- The brand name used for consumer-facing activities is Pehle Jaisa.
What happens next
- Expand operations to all 66 districts in Bihar and Jharkhand.
- Double farmer base to 1.5 lakh+ in the next 12-18 months.
- Reach ₹100 crore ARR within the next 24 months.
- Strengthen presence in the North East over the next three years.
The deal
- Type
- Pre-Series A
Investors
- Unicorn India Ventures (lead)
- Climate Angels (existing) — Existing investor participating in the current round.
- a-IDEA (participant)
- NAARM (participant)
Founders
- Pankaj Pandey, Co-founder
- Ehtesham Farooqui, Co-founder
- Uttam Kumar, Co-founder
About Cropcoin Technologies
- Product
- Onsite solutions converting poultry and dairy farm waste into organic fertilizer and bio-stimulants
- Customers
- Poultry and dairy farms seeking to reduce waste disposal costs and improve profitability
- How it makes money
- B2B service platform providing onsite waste management and soil health solutions to farms
- What sets it apart
- Reduces dependence on chemical fertilizers, improves soil health, lowers greenhouse gas emissions
- Operations
- Operates in 10 districts of Bihar and Jharkhand; ARR of Rs 10 crore; targeting 66 districts across both states
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