Innoterra Funding, Investors & Competitors

Innoterra has raised $101M across 2 funding rounds, most recently a $56M undisclosed-stage round in March 2022.

Last Innoterra funding round

$56M

Undisclosed stage · Mar 2022

Cumulative funding Innoterra raised

$101M

across 2 funding rounds

Innoterra Overview

About Innoterra

Innoterra is a Hyderabad-based agri-tech platform linking farmers to markets, inputs, and finance. It deploys IoT sensors for crop monitoring and AI advisory in India, serving 100,000 smallholders with supply chain tools. The company partners with banks for credit scoring and processors like ITC. Founded in 2019, Innoterra expands to Southeast Asia rice belts.


Founded

2020

HQ

IndiaMumbai

Status

Privately held

Customer focus

B2B

Revenue model

Commission, Subscription

Innoterra Funding History

Innoterra has raised a total of $101M across 2 funding rounds.

Innoterra's first fundraising round was a $45M undisclosed-stage round in March 2021. The most recent completed round was a $56M undisclosed-stage round in March 2022.

Innoterra funding rounds

Innoterra funding rounds
DateStageRaisedDeal Summary
Mar 2022Undisclosed stage$56MInnoterra is a Swiss-Indian AgriTech company founded around 2004-2020, operating a digital platform that connects Indian retailers with global farmers for direct sourcing of sustainable rice, spices, dairy, and other products via B2B marketplace FarmLink, while offering bioscience solutions like BanacXin plant vaccine and tech for traceability and farm management across 14 countries. The company has raised a total of $101 million across 3 funding rounds, with the first round being an unspecified $45M on March 1, 2021, followed by a $6.3M grant from India's National Horticulture Board on April 20, 2023; no details on a specific round around March 31, 2022 or post-money valuations are available. Innoterra emphasizes supply chain transparency, food waste reduction, financial inclusion for farmers via digital payments, and sustainable practices, supporting over 30,000 farmers and operating in 11 geographies with offices in India, Switzerland, and elsewhere. Traction includes partnerships like a ₹400+ Cr alliance with Milky Mist for 100 KL/day traceable milk uplifting 10,000+ farmers, acquisition of Fasal’s fresh food distribution business in 2025 to expand to 85,000-acre networks and 550+ buyers, and impact metrics like food waste under 1%, 8% methane reduction, and regenerative agriculture on 1,000+ hectares in 2024-25. The company won the FICCI AgTech Award in 2024 for BanacXin and focuses on high-margin, capital-efficient models with access to 12,500+ retailers and 10M+ farmer households. Financials show net profit of $373.46K USD as of March 31, 2024, with 32-364 employees reported variably, but no revenue, ARR, or EBITDA near 2022.
Mar 2021Undisclosed stage$45M-

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Acquisitions by Innoterra

Innoterra has acquired 1 company to date.

Last acquisition by Innoterra was on March 6th 2025. Innoterra acquired Fasal (fresh produce distribution unit) for undisclosed valuation.


Latest Acquisitions by Innoterra

Fasal (fresh produce distribution unit)
Description
-
HQ CountryIndia
HQ City
-
Deal Date6 Mar 2025
Valuationundisclosed
EV/Revenue
EV/EBITDA

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Innoterra Competitors

Innoterra competitors include listed companies like Oracle, Snowflake, Datadog and MongoDB, and private ones like Farmers Business Network and Databricks.

Public and private companies comparable to Innoterra
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
Farmers Business NetworkUnited StatesSan Francisco, CAPrivate--$4B-
OracleUnited StatesUnited StatesPublicly listed$67B$33B$455B7.8x
DatabricksUnited StatesSan Francisco, CAPrivate$7B-$190B27.1x
SnowflakeUnited StatesUnited StatesPublicly listed$4.7B($1.3B)$119B21.0x
DatadogUnited StatesUnited StatesPublicly listed$3.4B($588K)$85B19.4x
MongoDBUnited StatesUnited StatesPublicly listed$2.5B($104M)$32B10.4x

Innoterra Public Comps

Innoterra is still privately-owned, but its public comps include Oracle, Palantir, Snowflake, Datadog, Corteva, BASF, Archer-Daniels-Midland, Nutrien, Muyuan Foods and MongoDB.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Oracle$67B$33B8.6x7.8x17.7x13.9x
Palantir$4.5B$1.5B92.6x58.1x285.0x97.4x
Snowflake$4.7B($1.3B)25.6x21.0x(94.1x)121.7x
Datadog$3.4B($588K)23.6x19.4x(137813.0x)77.6x
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

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Common questions about Innoterra

When was Innoterra founded?Innoterra was founded in 2020.
Where is Innoterra headquartered?Innoterra is headquartered in Mumbai, India.
Is Innoterra publicly listed?No, Innoterra is a private company.
How much funding has Innoterra raised?Innoterra has raised $101M across 2 funding rounds.
What was Innoterra's last funding round?Innoterra's last funding round was a $56M undisclosed-stage round in March 2022.
Which companies are comparable to Innoterra?Companies comparable to Innoterra include Farmers Business Network, Oracle, Databricks, Snowflake, Datadog and MongoDB.
How many companies has Innoterra acquired?Innoterra has acquired 1 company, including Fasal (fresh produce distribution unit).

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