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- AgroStar
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
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
Website
Status
Privately held
Customer focus
B2B
Revenue model
Product sales, Services
Sectors
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
| Date | Stage | Investors | Raised | Deal Summary |
|---|---|---|---|---|
| Nov 2025 | Undisclosed stage | Just Climate (lead); Aavishkaar Venture Capital; Evolvence India Fund; Hero Enterprise; Bertelsmann India Investments; Accel; Chiratae Ventures | $30M | AgroStar 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 2025 | Series E | Accel (lead); Aavishkaar Venture Capital; Evolvence India Fund; Stride Ventures; Hero Enterprise; Bertelsmann India Investments; Chiratae Ventures | $7M | AgroStar 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 2024 | Series E | Stride Ventures; InnoVen Capital | $300K | - |
| May 2023 | Pre-seed | Stride Ventures; British International Investment | $500K | - |
| Oct 2021 | Series D | British 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 | $70M | AgroStar 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 2019 | Series C | Bertelsmann India Investments (lead); InnoVen Capital (lead); Aavishkaar Venture Capital; International Finance Corporation; Accel; Rabo Frontier Ventures; Chiratae Ventures | $27M | - |
| Mar 2017 | Series B | Accel (lead); Aavishkaar Venture Capital; Chiratae Ventures | $10M | AgroStar 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 2015 | Series A | Chiratae Ventures (lead); Aavishkaar Venture Capital | $4M | AgroStar 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 2014 | Pre-seed | Aavishkaar Venture Capital (lead) | $600K | - |
| Apr 2013 | Seed | Aavishkaar 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
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 8 | Lead | Apr 2013 | ||
| 6 | Lead | Aug 2015 | ||
| 5 | Lead | Mar 2017 | ||
| 4 | Lead | Mar 2019 | ||
| 3 | Lead | Oct 2021 | ||
| 3 | Participant | May 2023 | ||
| 3 | Lead | Oct 2021 | ||
| 2 | Lead | Oct 2021 | ||
| 2 | Participant | Mar 2019 | ||
| 2 | Lead | Mar 2019 | ||
| 1 | Participant | Mar 2019 | ||
| 1 | Lead | Oct 2021 | ||
| 1 | Participant | Oct 2021 | ||
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Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialAcquisitions 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
| 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 Country | |
| HQ City | Mumbai |
| Deal Date | 31 Mar 2022 |
| Valuation | undisclosed |
| EV/Revenue | |
| EV/EBITDA | |
This data is available for Pro users. Sign up to see all AgroStar acquisitions and their M&A valuation multiples. Start Free Trial | |
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.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Publicly listed | $4.8B | $1.6B | $31B | 6.7x | ||
| Publicly listed | $7.1B | $3.2B | $20B | 3.1x | ||
| Publicly listed | $2.3B | $1.2B | $20B | 4.5x | ||
| Publicly listed | $4.4B | $1.6B | $17B | 4.4x | ||
| Private | - | - | $4B | - | ||
| Private | - | - | $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 FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $17B | $2.9B | 3.3x | 3.2x | 19.5x | 13.9x | |||
| $69B | $8.2B | 1.1x | 1.0x | 8.9x | 8.6x | |||
| $80B | $2.9B | 0.6x | 0.6x | 17.4x | 11.2x | |||
| $27B | $6.1B | 1.9x | 1.8x | 8.2x | 8.0x | |||
| $21B | $5B | 2.0x | 2.3x | 8.7x | 16.1x | |||
| $4.8B | $1.6B | 7.1x | 6.7x | 21.7x | 17.9x | |||
| $70B | $2.3B | 0.6x | 0.5x | 17.9x | 11.2x | |||
| $7.1B | $3.2B | 3.5x | 3.1x | 7.7x | 6.8x | |||
This data is available for Pro users. Sign up to see all AgroStar competitors and their valuation data. Start Free Trial | ||||||||
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. |
See companies similar to AgroStar
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