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18 Agritech Startups Disrupting Agricultural Landscape In India

Inc42Inc42 ยท 1y ago
18 Agritech Startups Disrupting Agricultural Landscape In India
Medial

India's agritech startups are poised for a fourth revolution in the agricultural sector. With a total market opportunity estimated at $24 billion by 2025, these startups are leveraging technologies like the Internet of Things (IoT) and artificial intelligence (AI) to transform the country's farming industry. Some noteworthy agritech startups in India include AgroStar, offering agriculture solutions through a content-led commerce platform; BigHaat, providing technical guidance and high-quality inputs to farmers; CropIn, a SaaS-based platform for digitizing farm operations; and DeHaat, offering end-to-end agricultural services. Other notable startups include Ergos, Eeki Foods, and Ninjacart, among others.

91Trucks begins Series A round with 5.5X valuation surge

EntrackrEntrackr ยท 2m ago
91Trucks begins Series A round with 5.5X valuation surge
Medial

91Trucks, an online platform specializing in commercial vehicle listings, raised Rs 42.9 crore ($5 million) in its Series A round led by Arkam Ventures with the participation from Titan Capital and others. 91Trucks, an online platform specializing in commercial vehicle listings, raised Rs 42.9 crore ($5 million) in its Series A round led by Arkam Ventures through associate (Unitary Fund), with the participation from Titan Capital, Sparrow Capital, and Atrium Angels. 91Truckโ€™s board has issued 2,247 Series A CCPS at an issue price of Rs 1,88,578 each to raise the aforementioned amount, its regulatory filings accessed from the Registrar of Companies (RoC) show. Arkam Ventures led the round with Rs 25.2 crore (approximately $3 million) followed by Titan Capital, which injected Rs 15 crore. Sparrow Capital and Atrium Angels also joined the round with Rs 1.73 crore and Rs 1 crore investment, respectively. The proceeds from this round will be utilized for capital expenditures, marketing, and general corporate purposes, the filings said. As per Entrackrโ€™s estimates, the Gurugram-based companyโ€™s valuation has soared 5.5X to Rs 280 crore or $33 million (post-allotment of Series A round), compared to Rs 50.47 crore at the time of its seed round. Launched in 2022, 91Trucks offers information on new and used trucks, buses, and auto rickshawsโ€”including prices, specs, comparisons, and dealer contacts. As per its website, it also runs five physical stores in Delhi-NCR and Meerut for affordable used vehicle purchases. Startup data platform TheKredible shows Arkam Ventures as the largest external shareholder in the company with a 9% stake, followed by Titan Capital (5.35%) and Sparrow Capital (4.94%). For the fiscal year ending in March 2024, 91Trucks reported Rs 10.11 crore revenue, compared to Rs 3.95 crore in FY23. Looking at the bottom line, its losses stood at less than Rs 1 crore. Itโ€™s yet to disclose FY25 numbers.

Decoding SpotDraftโ€™s Series B funding round, latest valuation and captable

EntrackrEntrackr ยท 3m ago
Decoding SpotDraftโ€™s Series B funding round, latest valuation and captable
Medial

SpotDraft, a contract lifecycle management (CLM) platform, has recently raised $54 million in its Series B round led by Vertex Growth Singapore and Trident Partners with the participation of Prosus, Premji Invest, Arkam Ventures, Volrado Venture Partners, and others. SpotDraft secured $26 million in its Series A funding round in March 2023. Entrackr has gone through its regulatory filings to decode the round breakup, captable, and current valuation. The board at SpotDraft allotted 1,39,025 Series B compulsory convertible preference shares at an issue price of Rs 33,938 each to raise Rs 472 crore ($54-55 million). The Series B round commenced in December 2024 with an initial investment of Rs 50.5 crore from Xeed Ventures through 021 Capital, Premji Invest, and Arkam Ventures through Unitary Fund. The remaining funds were secured in March 2025. Vertex Growth led the funding round with an investment of Rs 126 crore ($14.8 million), followed by Trident Partners and Prosus, which contributed Rs 109.6 crore ($12.9 million) and Rs 73.2 crore ($8.6 million), respectively. Other notable investors included Premji Invest (Rs 37.6 crore), Arkam Ventures (Rs 34 crore), and Xeed Ventures (Rs 33.6 crore), Volrado Venture Partners (Rs 25 crore). As per Fintrackrโ€™s estimates, the companyโ€™s post-money valuation has now reached $190-$200 million. According to startup data intelligence platform TheKredible, the Bengaluru-based company has raised nearly $98.5 million to date. Following the allotment of the Series B round, Xeed Ventures emerged as the largest shareholder with a 15.8% stake in the company. It is followed by Arkam Ventures (10.27%), Premji Invest (10.24%). Co-founder Shashank Bijapur holds a 9.08% stake in the company. Founded in 2017, SpotDraft is an AI-powered contract lifecycle management (CLM) platform designed for in-house legal teams. It streamlines every stage of the contracting process, offering features such as AI-assisted redlining, e-signatures, an intelligent contract repository, third-party document handling, clickwrap agreements, and more. Spotdraft competes with other legaltech startups like Legistify, Leegality, Sirion, Vakilsearch, and others. SpotDraftโ€™s revenue from operations grew threefold in FY24 to Rs 60 crore from Rs 20 crore in FY23, while its losses remained flat at Rs 68 crore during the same period.

Eccentric Engine raises $5 Mn in pre-Series A round

EntrackrEntrackr ยท 5m ago
Eccentric Engine raises $5 Mn in pre-Series A round
Medial

Eccentric Engine, a 3D tech partner for automotive players, has raised $5 million in its pre-Series A round co-led by Exfinity Venture Partners and Arkam Ventures. This marks the first external funding for the company. The proceeds will be used to expand Eccentricโ€™s global footprint and to ramp up further development of its proprietary One3D platform. Founded in 2012 by Gaurav Rane and Varun Shah, Eccentric developed One3D, a real-time 3D rendering platform tailored for online retail experiences for automotive OEMs and dealerships. One3D is designed specifically for enterprises, ensuring easy integration into all OEM workflows, including their dealership operations. It brings in optimization in the 3D pipeline that allows auto brands to demonstrate 3D omnichannel expertise with speed and accuracy to market. Its clients include Maruti Suzuki, Tata Motors, Toyota, Hyundai, and Stellantis, among others.

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