Total amount raised
$29.3 Millions
Latest funding date
12/01/2021
Location
Crofarm has successfully raised funds through multiple rounds, with the latest being a Series B closed on December 13, 2021. The company is backed by 17 investors, including Konark Trust and WestBridge Capital.
Keep reading to explore the intricacies of Crofarm's fundraising journey and the investors backing this innovative platform.
What Is Crofarm?
Crofarm, founded on May 14, 2016, is an innovative company in the agriculture and agritech industry. Based in Gurgaon, Haryana, India, it aims to create an efficient supply chain for fresh produce, supporting farmers and providing businesses with the freshest products.
The company was founded by Prashant Jain and Varun Khurana, with Mr. Himanshu Rajput serving as a Founding Engineer & SVP-Tech. Crofarm employs between 501 and 1000 people, leveraging state-of-the-art technology to uplift Indian farmers and society.
How Much Funding Has Crofarm Raised?
- Series B
- Amount Raised: $25.5M
- Date: December 2021
- Lead Investors: WestBridge Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand operations and enhance technological capabilities.
- Venture Round
- Amount Raised: $1M
- Date: June 2020
- Lead Investors: Smile Group
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale the B2B2C platform, Otipy.
- Series A
- Amount Raised: -
- Date: May 2019
- Lead Investors: -
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support business growth and market expansion.
- Seed Round
- Amount Raised: $500K
- Date: January 2019
- Lead Investors: Ramit Sethi, Vinay Mittal
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To develop the initial product and market entry.
- Seed Round
- Amount Raised: $784K
- Date: August 2017
- Lead Investors: -
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance supply chain infrastructure.
- Seed Round
- Amount Raised: $1.5M
- Date: July 2016
- Lead Investors: -
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To launch the company and establish initial operations.
Total Amount Raised: $29.284M. Current Valuation: Not publicly disclosed.
Key Investors
- WestBridge Capital
- Details: WestBridge Capital is a prominent investment firm that focuses on investments in India and South Asia. They manage over $5 billion in capital and have a strong track record of supporting high-growth companies.
- Investment Focus Areas: Technology, Financial Services, Consumer Goods
- Notable Investments: Info Edge, Nazara Technologies, Vini Cosmetics
- Smile Group
- Details: Smile Group is a digital media and technology investment firm based in India. They specialize in building and investing in internet businesses across emerging markets.
- Investment Focus Areas: E-commerce, Digital Media, Technology
- Notable Investments: FashionAndYou, Quikr, Tyroo
- Ramit Sethi
- Details: Ramit Sethi is a personal finance advisor and entrepreneur, best known for his book "I Will Teach You to Be Rich." He invests in startups that align with his vision of financial empowerment.
- Investment Focus Areas: Personal Finance, Education, Technology
- Notable Investments: Not publicly disclosed
- Vinay Mittal
- Details: Vinay Mittal is an angel investor with a focus on early-stage startups. He has a background in technology and finance, providing strategic guidance to his portfolio companies.
- Investment Focus Areas: Technology, Finance, Startups
- Notable Investments: Not publicly disclosed
- Konark Trust
- Details: Konark Trust is an investment entity that supports innovative startups in various sectors. They aim to foster growth and development through strategic investments.
- Investment Focus Areas: Agriculture, Technology, Healthcare
- Notable Investments: Not publicly disclosed
What's Next for Crofarm?
Unfortunately, the requested section cannot be completed as the provided sources do not contain any relevant information about Crofarm's opportunities, future fundraising, industry trends, growth opportunities, challenges, or predictions for future fundraising or acquisitions. The sources either lead to security verification pages or are example domains that do not provide any specific details about Crofarm.
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