Absolute Valuation, Funding & Investors

Absolute is valued at $500M as of May 2022.

Last Absolute valuation

$500M

Series B · May 2022

Last Absolute funding round

$100M

Series B · May 2022

Cumulative funding Absolute raised

$116M

across 4 funding rounds

Key investors in Absolute

  • Peak XV Partners
  • Alpha Wave Global
  • Indigram Labs
  • Tiger Global
  • Sanjiv Rangrass
  • Nadir Godrej

Absolute Overview

About Absolute

Absolute Foods is an agtech company delivering OS actionable insights for crop optimization. The platform aggregates data from sensors, satellite imagery, weather feeds, and soil monitors to guide farmers on irrigation, fertilization, and pest management throughout the growing cycle. Headquartered in Israel, it serves large-scale producers in grains, vegetables, and fruits across North America and Europe with AI-driven recommendations.


Founded

2015

HQ

IndiaNew Delhi

Status

Privately held

Customer focus

B2B

Revenue model

Subscription

Valuation

$500M (May 2022)

Absolute Valuation

Absolute is currently valued at $500M, based on its Series B in May 2022. Read the announcement ↗

The $100M round included Tiger Global, Alpha Wave Global and Peak XV Partners.

Absolute valuation by funding round

Absolute valuation by funding round
DateStageValuation
May 2022Series B$500M

Absolute Funding History

Absolute has raised a total of $116M across 4 funding rounds.

Absolute's first fundraising round was a $700K seed round in September 2019. The most recent completed round was a $100M Series B in May 2022.

Absolute funding rounds

Absolute funding rounds
DateStageInvestorsRaisedValuationDeal Summary
May 2022Series BTiger Global; Alpha Wave Global; Peak XV Partners$100M$500MSequoia Capital India (now Peak XV Partners), Alpha Wave Global and Tiger Global invested $100 million in Absolute, an Indian agriculture bioscience company, in a Series B round reported in May 2022. Absolute said it was valued at $500 million after the round, roughly ten times the valuation estimated at its Series A. The company said the new capital would strengthen its technology, support hiring and fund expansion into newer markets and segments. Absolute is a New Delhi-based plant bioscience company that applies phytology, microbiology, omics, molecular biology, epigenetics and AI to manage the full cycle of its produce from seed to harvest. Its fruit and vegetables reach consumers, retail stores and restaurants on the day of harvest. The company serves 12 Indian states, works across more than 100,000 acres and exports to more than 10 countries. It had raised about $10 million in a Series A in 2021 and $2 million from Surge Ventures and two individual investors in March 2021. For the year to March 2021 it reported operating revenue of Rs 28.42 crore.
Aug 2021Series AAlpha Wave Global; Peak XV Partners$13M-Absolute raised a Series A of about $12.6 million in August 2021, led by Peak XV Partners, then Sequoia Capital India, with Alpha Wave Incubation participating. Absolute Foods is an Indian food company that combines technology, science and agriculture to supply produce marketed as natural and non-GMO. The company was founded in 2015 by Agam Khare and Prateek Rawat. Peak XV lists Absolute among the companies it has partnered with since 2021.
Mar 2021SeedIndigram Labs; Nadir Godrej; Sanjiv Rangrass; Peak XV Partners$2M--
Sep 2019SeedIndigram Labs$700K--

Who has invested in Absolute?

6 investors have backed Absolute across its funding rounds, including Peak XV Partners, Alpha Wave Global, Indigram Labs, Tiger Global, Sanjiv Rangrass and Nadir Godrej.


Absolute Investors

Investors in Absolute by funding rounds participated
InvestorHQRoundsRoleFirst check
Peak XV PartnersIndiaBangalore3ParticipantMar 2021
Indigram LabsIndiaNew Delhi2ParticipantSep 2019
Alpha Wave GlobalUnited StatesMiami, FL2ParticipantAug 2021
Nadir GodrejIndiaMumbai1ParticipantMar 2021

This data is available for Pro users. Sign up to see all 6 Absolute investors.

Start Free Trial

Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples

Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.

Start Free Trial

Absolute Competitors

Absolute competitors include listed companies like Hansen Technologies and JinkoSolar, and private ones like Planet Farms, PhaBuilder, Hydrosat and Renovate America.

Public and private companies comparable to Absolute
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
Planet FarmsItalyMilanPrivate--$500M-
PhaBuilderChinaBeijingPrivate--$287M-
HydrosatUnited StatesWashington, DCPrivate--$180M-
Renovate AmericaUnited StatesSan Diego, CAPrivate--$500M-
Hansen TechnologiesAustraliaAustraliaPublicly listed$271M$52M$507M1.9x
JinkoSolarChinaChinaPublicly listed$9.8B($45M)$493M0.7x

Absolute Public Comps

Absolute is still privately-owned, but its public comps include Hansen Technologies, JinkoSolar, Masoval, ZITO, Origin Enterprises, Invictus Investment, Braiin, Praj Industries, MHP and San Miguel.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Hansen Technologies$271M$52M2.0x1.9x10.3x6.7x
JinkoSolar$9.8B($45M)0.7x0.7x(144.1x)18.9x
Masoval$254M$21M2.8x2.5x33.7x13.9x
ZITO$353M$79M1.8x-8.3x-
Origin Enterprises$2.4B$142M0.3x0.3x4.5x4.7x
Invictus Investment$3.6B$141M0.4x-10.0x-
Braiin$73M($15M)6.9x5.9x(33.1x)42.4x
Praj Industries$330M$17M1.3x1.2x25.1x19.3x

This data is available for Pro users. Sign up to see all Absolute competitors and their valuation data.

Start Free Trial

Common questions about Absolute

When was Absolute founded?Absolute was founded in 2015.
Where is Absolute headquartered?Absolute is headquartered in New Delhi, India.
Is Absolute publicly listed?No, Absolute is a private, VC-backed company.
What is Absolute's valuation?Absolute was last valued at $500M in its Series B in May 2022.
How much funding has Absolute raised?Absolute has raised $116M across 4 funding rounds.
What was Absolute's last funding round?Absolute's last funding round was a $100M Series B in May 2022.
Who are Absolute's investors?Absolute's investors include Peak XV Partners, Indigram Labs, Alpha Wave Global, Nadir Godrej, Sanjiv Rangrass and Tiger Global.
Which companies are comparable to Absolute?Companies comparable to Absolute include Planet Farms, PhaBuilder, Hydrosat, Renovate America, Hansen Technologies and JinkoSolar.

See companies similar to Absolute

Start Your
Free Trial Today

Try Multiples for free for 3 days. Got questions or need a demo? Schedule a call with us below.

Start Trial