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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
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
Website
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
| Date | Stage | Valuation |
|---|---|---|
| May 2022 | Series 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
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| May 2022 | Series B | Tiger Global; Alpha Wave Global; Peak XV Partners | $100M | $500M | Sequoia 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 2021 | Series A | Alpha 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 2021 | Seed | Indigram Labs; Nadir Godrej; Sanjiv Rangrass; Peak XV Partners | $2M | - | - |
| Sep 2019 | Seed | Indigram 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
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 3 | Participant | Mar 2021 | ||
| 2 | Participant | Sep 2019 | ||
| 2 | Participant | Aug 2021 | ||
| 1 | Participant | Mar 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
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Start Free TrialAbsolute Competitors
Absolute competitors include listed companies like Hansen Technologies and JinkoSolar, and private ones like Planet Farms, PhaBuilder, Hydrosat and Renovate America.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | - | - | $500M | - | ||
| Private | - | - | $287M | - | ||
| Private | - | - | $180M | - | ||
| Private | - | - | $500M | - | ||
| Publicly listed | $271M | $52M | $507M | 1.9x | ||
| Publicly listed | $9.8B | ($45M) | $493M | 0.7x |
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 FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $271M | $52M | 2.0x | 1.9x | 10.3x | 6.7x | |||
| $9.8B | ($45M) | 0.7x | 0.7x | (144.1x) | 18.9x | |||
| $254M | $21M | 2.8x | 2.5x | 33.7x | 13.9x | |||
| $353M | $79M | 1.8x | - | 8.3x | - | |||
| $2.4B | $142M | 0.3x | 0.3x | 4.5x | 4.7x | |||
| $3.6B | $141M | 0.4x | - | 10.0x | - | |||
| $73M | ($15M) | 6.9x | 5.9x | (33.1x) | 42.4x | |||
| $330M | $17M | 1.3x | 1.2x | 25.1x | 19.3x | |||
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. |
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