How Much Did BigHaat Raise? Funding & Key Investors

BigHaat has successfully raised significant funding through multiple rounds, attracting a diverse group of investors. The platform offers a comprehensive range of agricultural products and services tailored to the needs of farmers.

Keep reading to explore the intricacies of BigHaat's fundraising journey and the investors backing this innovative platform.

What Is BigHaat?

BigHaat, founded in 2015, is an agriculture e-commerce startup based in Bangalore, Karnataka, India. The company was established by Raj Kancham, Sachin Nandwana, and Sateesh Nukala.

BigHaat offers a comprehensive online platform for agricultural inputs, including seeds, crop protection, and equipment. The platform connects farmers with suppliers, ensuring quality and transparency in transactions.

With a workforce of 251-500 employees, BigHaat leverages technology to enhance agricultural productivity and operational efficiency for farmers across India.

How Much Funding Has BigHaat Raised?

1. Seed Round
   • Amount Raised: $323K
   • Date: December 2016
   • Lead Investors: Ankur Capital
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To kickstart operations and develop the initial platform.
2. Seed Round
   • Amount Raised: $200K
   • Date: October 2017
   • Lead Investors: Not publicly disclosed
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To expand the product range and enhance the platform's capabilities.
3. Non-Equity Assistance
   • Amount Raised: Not publicly disclosed
   • Date: January 2018
   • Lead Investors: JioGenNext
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To gain strategic support and mentorship.
4. Seed Round
   • Amount Raised: $107.5K
   • Date: August 2018
   • Lead Investors: Not publicly disclosed
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To further develop the platform and increase market reach.
5. Seed Round
   • Amount Raised: $2M
   • Date: August 2020
   • Lead Investors: Beyond Next Ventures
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To scale operations and enhance technological infrastructure.
6. Series B
   • Amount Raised: ₹1B
   • Date: January 2022
   • Lead Investors: JM Financial Private Equity
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To support growth and expansion efforts.
7. Debt Financing
   • Amount Raised: Not publicly disclosed
   • Date: March 2022
   • Lead Investors: BlackSoil
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To secure working capital for ongoing operations.
8. Series C
   • Amount Raised: ₹695M
   • Date: February 2024
   • Lead Investors: Ashish Kacholia, RBA Finance
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To scale operations and enhance the marketplace platform.

Total Amount Raised: $3.63M + ₹1.695B

Current Valuation: Not publicly disclosed

Key Investors

• Ashish Kacholia
  • Details: Ashish Kacholia is a prominent investor in the Indian stock market, often referred to as the "Big Whale" due to his significant investments in mid-cap and small-cap companies.
  • Investment Focus Areas: Mid-cap companies, small-cap companies, diverse sectors.
  • Notable Investments: Not publicly disclosed.
• RBA Finance and Investment Company
  • Details: RBA Finance and Investment Company is a financial and investment firm represented by Suresh Agarwal. The firm co-led BigHaat's Series C funding round.
  • Investment Focus Areas: Finance, investment, diverse sectors.
  • Notable Investments: Not publicly disclosed.
• BlackSoil
  • Details: BlackSoil is a venture debt firm that provides structured debt solutions to high-growth companies. They participated in BigHaat's debt financing round.
  • Investment Focus Areas: Venture debt, high-growth companies, structured debt solutions.
  • Notable Investments: Not publicly disclosed.
• JM Financial Private Equity
  • Details: JM Financial Private Equity is a part of JM Financial Group, focusing on private equity investments in India. They led BigHaat's Series B funding round.
  • Investment Focus Areas: Private equity, growth capital, Indian companies.
  • Notable Investments: Not publicly disclosed.
• Beyond Next Ventures
  • Details: Beyond Next Ventures is a Japanese venture capital firm that invests in early-stage technology startups. They led BigHaat's seed round in 2020.
  • Investment Focus Areas: Early-stage technology startups, innovation, Japanese and global markets.
  • Notable Investments: Not publicly disclosed.

What's Next for BigHaat?

BigHaat stands at the cusp of significant growth, driven by the vast opportunities in the agritech sector. The company plans to expand its marketplace platform, offering a wider range of agricultural products and leveraging data-driven crop advice to enhance farmer productivity. With the Indian agritech market rapidly adopting technology, BigHaat's potential for growth is immense.

Future fundraising opportunities appear promising, especially following the recent $8.4 million pre-Series C funding round. Investors' confidence suggests that BigHaat will continue to attract substantial investments, enabling further expansion and technological advancements. However, the company must navigate challenges such as increased operational costs and competition from other agritech startups.

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