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Exclusive: BigHaat to top up Series C led by JM Financial

EntrackrEntrackr · 1m ago
Exclusive: BigHaat to top up Series C led by JM Financial
Medial

Exclusive: BigHaat to top up Series C led by JM Financial Full-stack agritech platform BigHaat has raised Rs 37 crore ($4.1 million) from its existing investors as part of an extended Series C round, representing its first fundraise in over a year. The Bengaluru-based startup has approved a special resolution to issue 3,39,450 Series C2 preference shares at an issue price of Rs 1,090 each, as per regulatory filings sourced from the Registrar of Companies (RoC). JM Financial India will be leading the round with an infusion of Rs 15 crore. Existing investors Ashish Ramesh Kacholia and Suresh Kumar Agarwal will contribute Rs 10 crore each. The round will include participation from several individual backers, including Neeraj Chaudhary, Kapil Dave, Usha Sharma, Pramod Kumar Lahoty, and other angel investors. According to the filings, the fresh capital will be deployed towards meeting the company’s working capital requirements, supporting capital expenditures necessary to sustain its growth trajectory, and fulfilling general corporate needs. Founded as a full-stack agritech solution, BigHaat provides data-led crop advisory to farmers to help them make more informed decisions. Alongside advisory, the platform supports farmers with distribution, marketing, and operations. The company also sells a wide catalogue of agricultural inputs, including seeds, pesticides, fertilizers, farm equipment like pumps, and various crop growth promoters. BigHaat has raised approximately $26 million to date, including a Rs 100 crore ($12 million) round led by JM Financial in January 2022. Its cap table features notable investors such as Beyond Next Ventures, Ashish Kacholia, Ankur Capital, and several prominent angels. Financially, BigHaat has reported steady growth. The company crossed the Rs 1,000 crore revenue milestone in the previous fiscal year (FY25) while simultaneously improving its profitability metrics. In a recent interaction with Entrackr, BigHaat co-founder Sateesh Nukala said the firm is targeting Rs 1,400 crore in revenue by the end of the current fiscal year.

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Agritech startup BigHaat kicks off Series C round with $8.4M

EntrackrEntrackr · 1y ago
Agritech startup BigHaat kicks off Series C round with $8.4M
Medial

Agritech startup BigHaat has raised $8.4 million in Series C funding round co-led by Ashish Kacholia and RBA Finance and Investment Company. The round also saw participation of VPK Global, Anshul Anil Goel, Advik Tecnocommercial, Amee Shah Mehta, Rupaben Shailesh Mehta, Viren Ajit Joshi, Rohhan Viren Joshi and Nishchay Goel. The board at BigHaat has passed a special resolution and has allotted 6,186 Series C compulsory convertible preference shares (CCPS) at an issue price of Rs 1,12,366 each for a consideration of Rs 69.5 crore or $8.4 million, its regulatory filings with the Registrar of Companies show. Suresh Agarwal (on behalf of RBA Finance and Investment Company) and Ashish Kacholia co-led the round with an infusion of Rs 30 crore each. VPK Global and Anshul Anil Goel invested Rs 3 crore and Rs 1.5 crore, respectively. The remaining amount came from the investors mentioned in the beginning of the story. According to the startup data intelligence platform TheKredible, the company has been valued at Rs 470 crore or $56.5 million. This seems to be an ongoing funding round and it may raise more funds. BigHaat is an agritech startup which provides data-led crop advisory to farmers and helps them with distribution, marketing and operations. The firm also offers agriculture products including seeds, pesticides, fertilizers, pumps, tractors and growth promoters through its marketplace platform. Post-allotment of the fresh shares, Ashish Kacholia and RBA Finance and Investment Company acquired around 6.4% shares each in the company. JM FInancial remains the largest stakeholder in BigHaat with over 27% stakes. For complete captable and financial performance, head to TheKredible. BigHaat has raised around $29 million to date. In January 2022, it raised Rs 100 crore led by JM Financial along with existing backer Beyond Next Ventures. BigHaat has been growing at a rapid pace in the past couple of fiscal years and its gross revenue jumped 5.4X to Rs 643 crore during FY23 as compared to Rs 119.7 crore in FY22. Meanwhile, its losses also spiked 6.2X to Rs 35 crore in FY23 from Rs 5.65 crore in FY22.

Exclusive: BigHaat crosses Rs 1,100 Cr revenue in FY25; turns EBITDA profitable

EntrackrEntrackr · 4m ago
Exclusive: BigHaat crosses Rs 1,100 Cr revenue in FY25; turns EBITDA profitable
Medial

Exclusive All Stories Exclusive: BigHaat crosses Rs 1,100 Cr revenue in FY25; turns EBITDA profitable Full-stack agritech platform BigHaat Agro posted a flat scale with single-digit year-on-year growth in the fiscal year ending March 2025. However, the Bengaluru-based company managed to narrow its losses by over 25% during the last fiscal year. According to its co-founder Sateesh Nukala, BigHaat has crossed the Rs 1,100 crore revenue threshold in FY25 from Rs 1,050 crore in FY24. BigHaat’s revenue split consists of 85% of revenue coming from farm produce sales, with agri-inputs, which is direct to farmers, and digital only contributing 15%. The platform now counts 3 million monthly active farmers and reported 15% gross margins in FY25, said Nukala in an interaction with Entrackr. Nukala highlighted that exports and advanced processing, a high-margin vertical launched in FY25, now contribute 20% to its monthly revenue. “We have reduced our net loss to Rs 25 crore in FY25 from Rs 35 crore in FY24 and turned EBITDA positive for the last three quarters,” said Nukala. He also added that BigHaat is among the few agritech startups to achieve profitability at scale with 6x revenue-to-capital efficiency. As per Nukala, the company is targeting Rs 1,400 crore in FY26, with spices emerging as a key growth driver. “We are also open to acquisitions of new brands to strengthen our portfolio,” he emphasized. BigHaat has raised around $25 million to date. In January 2022, it raised Rs 100 crore led by JM Financial. Beyond Next Ventures, Ashish Kacholia, Ankur Capital, and others are some notable investors for the firm. This contrasts with larger peers. DeHaat, India’s most valued agritech startup, clocked Rs 2,675 crore revenue in FY24 but with losses of over Rs 240 crore. Ninjacart, backed by Walmart and Flipkart, crossed Rs 2,000 crore revenue in the same fiscal but recorded a Rs 259.6 crore loss. By combining steady topline growth, improving margins, and sustained EBITDA profitability, BigHaat is positioning itself as one of the few agritech ventures balancing scale with financial discipline, while many peers continue to burn capital at larger scales.

The Bear House raises Rs 50 Cr in Series A round led by JM Financial

EntrackrEntrackr · 9m ago
The Bear House raises Rs 50 Cr in Series A round led by JM Financial
Medial

The Bear House raises Rs 50 Cr in Series A round led by JM Financial The Bear House, a popular men’s fashion brand, has raised Rs 50 crore ($5.84 million) in its Series A round led by JM Financial India Growth Fund III. The proceeds will be used to open more physical stores, boost branding efforts, and meet working capital needs. The Bear House sells products like shirts, t-shirts, jeans, and footwear. It has mainly been sold online through platforms like Myntra, Flipkart, and Nykaa. Led by Harsh Somaiya, the firm opened its first physical store in Bengaluru in March 2025. It now plans to launch 20 more stores across India in the next two years. The Bengaluru-based startup claims to have already built a Rs 150 crore online brand while staying profitable and self-funded until now.

JM Financial Private Equity invests Rs 45 Cr in Clear Premium Water

EntrackrEntrackr · 1y ago
JM Financial Private Equity invests Rs 45 Cr in Clear Premium Water
Medial

Bottled water brand Clear Premium Water has raised rs 45 crore ($5.4 million) in a new round from JM Financial Private Equity. Proceeds from the investment will support brand-building initiatives and enhance the existing capacities and distribution network of the company, Clear Premium Water said in a press release. Founded by Nayan Shah, the company is one of the notable players in the HoReCa (hotels, restaurants & cafés) segment and is gaining a footprint in the retail market in India. With a pan-India footprint, the company is strategically expanding its distribution across the nation. In December, the Ahmedabad-based company acquired 51% majority stake in Pune-based Kelzai Secrets Pvt Ltd. Kelzai offers volcanic water in PET and glass bottles. Last year, the firm also announced the launch of its natural mineral water brand NubyClear (NU) in India. This is the fifth investment from JM Financial Private Equity’s Fund III. Previously, it backed PharmEasy, BigHaat Agro and Silverpush, among others.

BigHaat’s gross revenue nears Rs 700 Cr in FY23

EntrackrEntrackr · 1y ago
BigHaat’s gross revenue nears Rs 700 Cr in FY23
Medial

Agritech startup BigHaat registered over five-fold growth during the fiscal year ending March 2023. However, in pursuit of rapid scale its losses also rose in a similar proportion during the same period. BigHaat’s gross revenue surged 5.3X to Rs 643 crore in FY23 from Rs 120 crore in FY22, its consolidated financial statements filed with the Registrar of Companies show. Founded in 2015, BigHaat leverages technology to provide a wide range of solutions and services to farmers, helping them optimize their agricultural practices and increase productivity. Market linkages formed 92% of the overall gross revenue which increased 6.6X to Rs 594 crore in FY23. The rest of the income comes from input business, exports, commission of marketplace, and others. See TheKredible for the detailed revenue breakup. In tune with growth in scale, its cost of procurement emerged as the largest cost center accounting for 92.5% of the total expenditure. This cost rose by 5.4X to Rs 623 crore in FY23 from Rs 115 crore in FY22. Its employee benefits, selling cum distribution, legal-professional, information technology, fulfillment, and other overheads took the total expenditure to Rs 673 crore in FY23 from Rs 128 crore in FY22. Head to TheKredible for the complete expense breakup. Expenses Breakdown Total ₹ 128 Cr https://thekredible.com/company/bighaat/financials View Full Data To access complete data, visithttps://thekredible.com/company/bighaat/financials Total ₹ 673 Cr https://thekredible.com/company/bighaat/financials View Full Data To access complete data, visithttps://thekredible.com/company/bighaat/financials Cost of procurement Cost of procurement Employee benefit Employee benefit Selling and distribution Selling and distribution Legal professional Legal professional Information technology Information technology Fulfilment cost Fulfilment cost Others To check complete Expense Breakdown visit thekredible.com View full data The spurt in procurement and employee benefits resulted in a significant increase in losses, rising 5.8X to Rs 35 crore in FY23 from Rs 6 crore in FY22. Its ROCE and EBITDA margin stood at -40% and -4.3%, respectively. On a unit level, it spent Rs 1.05 to earn a rupee in FY23. FY22-FY23 FY22 FY23 EBITDA Margin -6% -4.3% Expense/₹ of Op Revenue ₹1.07 ₹1.05 ROCE -14% -40% BigHaat has raised $29 million to date and was valued at $58 million in its last round. As per the startup data intelligence platform TheKredible, JM Financial is the largest external stakeholder with 27.29% followed by Ankur Capital and Beyond Next Ventures. Its co-founders Sateesh Nukala and Sachin Nandwana cumulatively command 23.29% of the company. The numbers would indicate a business that is more about trading and arbitrage than anything else, unless BigHaat incurred some major one off expenses. But at this scale, it’s obvious that the firm has the ability and knowledge to make it count, which is what should make it an interesting agritech to track from here on.

Exclusive: Emiza Supply Chain kicks off new funding round

EntrackrEntrackr · 12m ago
Exclusive: Emiza Supply Chain kicks off new funding round
Medial

Exclusive All Stories Exclusive: Emiza Supply Chain kicks off new funding round Emiza will use these proceeds to meet its growth objectives and to strengthen its financial position by generating long-term resources, the filing added. New Update Third-party logistics and warehousing company Emiza Supply Chain Services has raised Rs 50 crore (approximately $6 million), led by Evolvence India, with the participation of Mirabilis Investment. The board at Emiza has passed a special resolution to issue 4,327 compulsory cumulative preference shares at an issue price of Rs 115,569 each to raise Rs 50 crore or $6 million, its regulatory filing accessed from the Registrar of Companies shows. Evolvence India led the round with Rs 45 crore, while Mirabilis Investment Trust contributed Rs 5 crore during the latest funding. The company will use these proceeds to meet its growth objectives and to strengthen its financial position by generating long-term resources, the filing added. Entrackr estimates that the company will be valued at around Rs 370 crore or $44 million post-allotment. This seems to be part of an ongoing round, and the valuation may vary with further infusion. Emiza offers warehousing and fulfillment services for D2C brands, SMEs, and large businesses selling online. With 27 warehouses across 14 cities in India, it manages storage, picking, packing, and labeling, processing 3 lakh B2B orders daily. Emiza has raised over Rs 130 crore (approximately $16 million) to date, including Rs 37.5 crore (nearly $5 million) led by JM Financial Private Equity in 2022. Before the current investment, Mayfield was the largest external stakeholder with 26.42%, followed by JM Financial. The company has recorded 40% year-on-year growth to Rs 102 crore during the fiscal year ended March 2024. However, the profits for the firm dwindled to Rs 2.6 crore in FY24, compared to Rs 4.98 crore in FY23.

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