BigHaat Secures Rs 37 Crore Investment to Enhance Agritech Solutions
BigHaat, a comprehensive agritech platform, has successfully raised Rs 37 crore ($4.1 million) from its current investors as part of an extended Series C funding round. This marks the startup’s first fundraising effort in over a year. Located in Bengaluru, the company has passed a special resolution to issue 3,39,450 Series C2 preference shares priced at Rs 1,090 each, according to regulatory documents obtained from the Registrar of Companies (RoC).
Funding Details and Key Contributors
JM Financial India will spearhead the funding round with a contribution of Rs 15 crore. Existing investors, Ashish Ramesh Kacholia and Suresh Kumar Agarwal, are both set to invest Rs 10 crore each. The funding round will also see participation from several individual investors, including Neeraj Chaudhary, Kapil Dave, Usha Sharma, Pramod Kumar Lahoty, and other angel investors.
Utilisation of Fresh Capital
The newly acquired funds will be directed towards fulfilling the company’s working capital needs, covering essential capital expenditures to support its growth trajectory, and addressing general corporate requirements.
About BigHaat’s Agritech Services
As a full-stack agritech solution, BigHaat offers data-driven crop advisory services designed to empower farmers in making well-informed decisions. In addition to advisory services, the platform aids farmers with their distribution, marketing, and operational needs. BigHaat also features a vast catalogue of agricultural products, including seeds, pesticides, fertilisers, farm equipment like pumps, and a range of crop growth promoters.
Investment History and Growth Metrics
To date, BigHaat has secured around $26 million in funding, including a significant Rs 100 crore ($12 million) round led by JM Financial in January 2022. The company’s cap table includes notable investors such as Beyond Next Ventures, Ashish Kacholia, Ankur Capital, and several distinguished angel investors.
Financially, BigHaat has shown consistent growth, having crossed the Rs 1,000 crore revenue milestone in the last fiscal year (FY25) while also enhancing its profitability metrics. In a recent discussion, BigHaat co-founder Sateesh Nukala indicated that the firm aims to achieve Rs 1,400 crore in revenue by the end of the current fiscal year.