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Funding · Agriculture & Food Systems

Cropcoin raises ₹12 crore to expand in Bihar and Jharkhand

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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
Sector
Agriculture & Food Systems

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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