Funding · Agriculture & Food Systems

Farm Watt raises ₹32.5 crore from IAN Alpha and Rainmatter

By Startup Enthusiast · 22 July 2026

What they do

Farm Watt Innovations collects and supplies agricultural biomass to bioenergy plants

It raised ₹32.5 crore in a seed round co-led by IAN Alpha Fund and Rainmatter

India burns ~92 million tonnes of crop residue annually, causing pollution and CO2 emissions

Farm Watt Innovations raised ₹32.5 crore ($3.3-3.36 million) in a seed round.
The round was co-led by IAN Alpha Fund and Rainmatter.
IAN Alpha Fund is the venture capital fund of India Angel Networks.
The company currently operates 15 biomass aggregation hubs across six states and plans to expand to 11 more states.
The company will use the funds to expand its biomass collection network.
It will also build new aggregation hubs, invest in machinery, strengthen supply chain, and hire talent.
Farm Watt plans to build its own CBG, bio-pellet, and biochar plants in the future.

India generates ~500 million tonnes of agricultural residue annually, much of it underutilised.
The country burns ~92 million tonnes of crop residue each year, releasing ~34 million tonnes of CO2.
The central government's SATAT initiative (2018) promotes CBG projects to convert waste into eco-friendly fuel.
PSU oil marketing companies like Indian Oil and Bharat Petroleum invite EOIs to build and operate CBG plants.

Farm Watt is a technology-enabled biomass aggregation platform.
It collects and supplies agricultural biomass to CBG plants and other bioenergy facilities.
Its products include biogas, biochar, and biomass pellets.
It currently operates 15 biomass aggregation hubs across 6 states in northern, central, and eastern India.
The company plans to expand to 11 states including Punjab, Haryana, Uttar Pradesh, Madhya Pradesh, Rajasthan, Chhattisgarh, Maharashtra, Andhra Pradesh, Telangana, Tamil Nadu, and Bihar.

Expand biomass collection network and build new aggregation hubs.
Invest in machinery and strengthen supply chain.
Hire new talent.
Build own CBG, bio-pellet, and biochar plants.
Develop digital biomass supply chain solutions, carbon credits, and biomass preprocessing.

Product: Biomass aggregation and supply with conversion to compressed biogas, biochar and biomass pellets
Customers: Compressed biogas (CBG) plants, bioenergy facilities and renewable energy projects
How it makes money: B2B biomass supply chain aggregating from smallholder farmers and selling to bioenergy producers
What sets it apart: Addresses crop residue burning by converting agricultural waste into feedstock for renewable energy projects
Operations: Operates 15 biomass aggregation hubs across six states with plans to expand across 11 states