AgroStar Funding, Investors & Competitors

AgroStar has raised $150M across 10 funding rounds, most recently a $30M undisclosed-stage round in November 2025.

Last AgroStar funding round

$30M

Undisclosed stage · Nov 2025

Cumulative funding AgroStar raised

$150M

across 10 funding rounds

Key investors in AgroStar

  • Aavishkaar Venture Capital
  • Chiratae Ventures
  • Accel
  • Bertelsmann India Investments
  • Stride Ventures
  • Evolvence India Fund
  • Hero Enterprise
  • British International Investment

AgroStar Overview

About AgroStar

AgroStar is an AgTech platform delivering end-to-end solutions for Indian farmers across the crop lifecycle. Founded in 2013, it operates omnichannel services including advisory via call centers, the Agri Doctor app, and retail stores in Gujarat, Maharashtra, Rajasthan, Madhya Pradesh, and Uttar Pradesh. The company leverages data and agronomy expertise to boost yields and cut cultivation costs for millions of users nationwide.


Founded

2013

HQ

IndiaPune

Status

Privately held

Customer focus

B2B

Revenue model

Product sales, Services

AgroStar Funding History

AgroStar has raised a total of $150M across 10 funding rounds.

AgroStar's first fundraising round was a $700K seed round in April 2013. The most recent completed round was a $30M undisclosed-stage round in November 2025.

AgroStar funding rounds

AgroStar funding rounds
DateStageInvestorsRaisedDeal Summary
Nov 2025Undisclosed stageJust Climate (lead); Aavishkaar Venture Capital; Evolvence India Fund; Hero Enterprise; Bertelsmann India Investments; Accel; Chiratae Ventures$30MAgroStar is an Indian agritech platform founded in 2013 that serves over 10 million smallholder farmers through a digital marketplace, AI-powered advisory, and a network of around 10,000 physical retail stores. It provides high-quality climate-resilient inputs like biological fertilizers, seeds, and water retention solutions, paired with real-time agronomic advice, embedded credit, and market linkages to boost yields, cut costs, and reduce environmental impact. Independent surveys indicate AgroStar customers achieve higher yields with lower input costs, 81% reporting increased production and 53% reduced cultivation costs, while enabling 276 billion litres of water savings and avoiding over 120,000 metric tonnes of CO2 equivalent emissions in FY25. On November 20, 2025, AgroStar raised $30 million in equity capital from Just Climate, established by Generation Investment Management, with participation from existing investors including Aavishkaar Venture Capital, Accel, Bertelsmann India Investments, Chiratae Ventures, Evolvence India Fund, and Hero Enterprise. The Raine Group served as the exclusive financial advisor. Just Climate led the round as part of its Natural Climate Solutions strategy, which secured $375 million from investors like CalSTRS and Microsoft’s Climate Innovation Fund to scale land, water, and waste solutions. The funding will accelerate AgroStar’s national omnichannel expansion, new product innovations in input and output verticals, AI capabilities, and store network growth to reach more farmers. It positions AgroStar to address India’s agricultural challenges like climate variability, water scarcity, soil degradation, and low yields by promoting sustainable practices that enhance farmer incomes and reduce chemical dependency.
Apr 2025Series EAccel (lead); Aavishkaar Venture Capital; Evolvence India Fund; Stride Ventures; Hero Enterprise; Bertelsmann India Investments; Chiratae Ventures$7MAgroStar is a Pune-based agritech startup providing an omnichannel platform that offers agronomy advisory, climate-friendly agricultural products, quality inputs, and market access to smallholder farmers across India, including export under the Kimaye brand to over 25 countries. It operates in states like Gujarat, Maharashtra, Rajasthan, Madhya Pradesh, and Uttar Pradesh, competing with Ninjacart, DeHaat, and Waycool. In April 2025, AgroStar raised INR 57.65 crore (USD 6.7 million) in a fresh funding round from existing investors including Accel India (lead), Evolvence, Chiratae Ventures, Hero Enterprises, Bertelsmann, and Aavishkaar India. The board issued 1,45,397 compulsory convertible preference shares at INR 3,965 each, resulting in a post-allotment post-money valuation of USD 293 million. In FY22, AgroStar reported revenue of INR 260 crore, up 88% year-over-year, though losses widened to INR 142 crore. As of March 2025, it held cash and bank balances of Rs 120 crore and current assets of Rs 437 crore. This round preceded a larger $30 million raise in November 2025 led by Just Climate with participation from existing investors, aimed at omnichannel expansion, product innovations in input/output verticals, and AI development. In FY25, AgroStar enabled farmers to save 276 billion litres of water and reduce 120,000 metric tonnes of CO2-equivalent emissions.
Feb 2024Series EStride Ventures; InnoVen Capital$300K-
May 2023Pre-seedStride Ventures; British International Investment$500K-
Oct 2021Series DBritish International Investment (lead); Evolvence India Fund (lead); Hero Enterprise (lead); Schroders Capital (lead); Aavishkaar Venture Capital; Bertelsmann India Investments; HeroMotoCorp; Accel; Rabo Frontier Ventures; Chiratae Ventures$70MAgroStar is a Pune-based agritech startup founded in 2013 by Sitanshu Sheth and Shardul Sheth, providing real-time farm advisory services through its tech platform and agri-inputs via over 1,000 franchisee stores and delivery partners in states including Gujarat, Rajasthan, Maharashtra, Madhya Pradesh, and Uttar Pradesh. The company raised $70 million in its Series D funding round around October-November 2021, led by Evolvence India Fund, Schroders Capital, Hero Enterprise, and British International Investment (formerly CDC), with participation from existing investors Aavishkaar Capital, Accel, Bertelsmann India Investments, Chiratae Ventures, and Rabo Frontier Ventures. This topped up an initial $7 million tranche of the Series D in October 2021 led by Aavishkaar Bharat Fund, Accel India, and Bertelsmann India Investments. The funding aims to fuel AgroStar's omnichannel strategy, strengthening its tech platform, hiring senior talent, expanding into new categories and geographies, scaling to over 5,000 branded retail stores, enhancing market linkage services for farmers, and pursuing acquisitions. The company had grown its brand stores from 50 to over 1,000 in the prior 12 months, with its mobile app surpassing 5 million downloads, addressing challenges in the $50 billion agri-input market by improving access to quality products and knowledge to boost farmer productivity and incomes. Investors praised the team's execution, sustainable model, and technology use.
Mar 2019Series CBertelsmann India Investments (lead); InnoVen Capital (lead); Aavishkaar Venture Capital; International Finance Corporation; Accel; Rabo Frontier Ventures; Chiratae Ventures$27M-
Mar 2017Series BAccel (lead); Aavishkaar Venture Capital; Chiratae Ventures$10MAgroStar is a Pune-based agritech startup operating a direct-to-farmer mobile-based retail platform that sells agricultural inputs like seeds, nutrients, crop protection, and hardware products. The company raised $10 million in its Series B funding round on March 7, 2017, led by Accel Partners, with participation from existing investors IDG Ventures and Aavishkaar Venture Management. Funds were allocated to strengthen its data analytics platform, leadership team, and geographic expansion beyond Gujarat, Maharashtra, and Rajasthan. At the time, AgroStar had 150 channel partners and claimed over one million farmers using its platform, with active users engaging the app three to four times weekly. The startup focused on leveraging smartphone penetration and data consumption in rural India to address farmers' challenges in buying inputs, improving yields, and securing better prices for produce through technology.
Aug 2015Series AChiratae Ventures (lead); Aavishkaar Venture Capital$4MAgroStar raised $4 million in an August 2015 funding round led by IDG Ventures. The round included participation from Aavishkaar, which was an existing investor. AgroStar was founded in 2013 by brothers Sitanshu and Shardul Sheth and operates as an m-commerce platform enabling farmers to procure agricultural inputs through a missed call mechanism on its 1800 number. The company was based in Pune at that time and had demonstrated initial success in Gujarat.
Nov 2014Pre-seedAavishkaar Venture Capital (lead)$600K-
Apr 2013SeedAavishkaar Venture Capital (lead); Titan Capital$700K-

Who has invested in AgroStar?

15 investors have backed AgroStar across its funding rounds, including Aavishkaar Venture Capital, Chiratae Ventures, Accel, Bertelsmann India Investments, Stride Ventures and Evolvence India Fund.

Lead investors include Just Climate, Accel, British International Investment, Evolvence India Fund, Hero Enterprise and 5 other investors.


AgroStar Investors

Investors in AgroStar by funding rounds participated
InvestorHQRoundsRoleFirst check
Aavishkaar Venture CapitalIndiaIndia8LeadApr 2013
Chiratae VenturesIndiaBangalore6LeadAug 2015
AccelUnited StatesPalo Alto, CA5LeadMar 2017
Bertelsmann India InvestmentsNetherlandsAbcoude4LeadMar 2019
Evolvence India FundIndiaMumbai3LeadOct 2021
Stride VenturesIndiaNew Delhi3ParticipantMay 2023
Hero EnterpriseIndiaNew Delhi3LeadOct 2021
British International InvestmentUnited KingdomLondon2LeadOct 2021
Rabo Frontier VenturesNetherlandsUtrecht2ParticipantMar 2019
InnoVen CapitalIndiaMumbai2LeadMar 2019
International Finance CorporationUnited StatesWashington, DC1ParticipantMar 2019
Schroders CapitalUnited KingdomLondon1LeadOct 2021
HeroMotoCorpIndiaNew Delhi1ParticipantOct 2021

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Acquisitions by AgroStar

AgroStar has acquired 1 company to date.

Last acquisition by AgroStar was on March 31st 2022. AgroStar acquired InI Farms for undisclosed valuation.


Latest Acquisitions by AgroStar

InI Farms
Description
InI Farms is a Hyderabad-based agribusiness developing 1,000 acres of pomegranate orchards in Maharashtra and Andhra Pradesh, India. Employing drip irrigation, tissue culture saplings, and integrated pest management, the company doubles yields to 20 tons per hectare and boosts export-grade fruit to 70%. InI supplies domestic markets and exports to the Middle East with traceability systems.
HQ CountryIndia
HQ City
Mumbai
Deal Date31 Mar 2022
Valuationundisclosed
EV/Revenue
EV/EBITDA

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AgroStar Competitors

AgroStar competitors include listed companies like Novonesis, CF Industries, Qinghai Salt Lake Industry and Industries Qatar, and private ones like Farmers Business Network and Shiji Biotechnology.

Public and private companies comparable to AgroStar
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
NovonesisDenmarkDenmarkPublicly listed$4.8B$1.6B$31B6.7x
CF IndustriesUnited StatesUnited StatesPublicly listed$7.1B$3.2B$20B3.1x
Qinghai Salt Lake IndustryChinaChinaPublicly listed$2.3B$1.2B$20B4.5x
Industries QatarQatarQatarPublicly listed$4.4B$1.6B$17B4.4x
Farmers Business NetworkUnited StatesSan Francisco, CAPrivate--$4B-
Shiji BiotechnologyChinaHefeiPrivate--$2.7B-

AgroStar Public Comps

AgroStar is still privately-owned, but its public comps include Corteva, BASF, Archer-Daniels-Midland, Nutrien, Muyuan Foods, Novonesis, Bunge, CF Industries, Qinghai Salt Lake Industry and Wilmar International.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Corteva$17B$2.9B3.3x3.2x19.5x13.9x
BASF$69B$8.2B1.1x1.0x8.9x8.6x
Archer-Daniels-Midland$80B$2.9B0.6x0.6x17.4x11.2x
Nutrien$27B$6.1B1.9x1.8x8.2x8.0x
Muyuan Foods$21B$5B2.0x2.3x8.7x16.1x
Novonesis$4.8B$1.6B7.1x6.7x21.7x17.9x
Bunge$70B$2.3B0.6x0.5x17.9x11.2x
CF Industries$7.1B$3.2B3.5x3.1x7.7x6.8x

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Common questions about AgroStar

When was AgroStar founded?AgroStar was founded in 2013.
Where is AgroStar headquartered?AgroStar is headquartered in Pune, India.
Is AgroStar publicly listed?No, AgroStar is a private, VC-backed company.
How much funding has AgroStar raised?AgroStar has raised $150M across 10 funding rounds.
What was AgroStar's last funding round?AgroStar's last funding round was a $30M undisclosed-stage round in November 2025, led by Just Climate.
Who are AgroStar's investors?AgroStar's investors include Aavishkaar Venture Capital, Chiratae Ventures, Accel, Bertelsmann India Investments, Evolvence India Fund, Stride Ventures, Hero Enterprise, British International Investment, Rabo Frontier Ventures, InnoVen Capital and 5 others.
Which companies are comparable to AgroStar?Companies comparable to AgroStar include Novonesis, CF Industries, Qinghai Salt Lake Industry, Industries Qatar, Farmers Business Network and Shiji Biotechnology.
How many companies has AgroStar acquired?AgroStar has acquired 1 company, including InI Farms.

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