1 / 2

Balwan Krishi, a leading agricultural technology company specializing in small farm machines has successfully raised $2 million in a pre-Series A funding. The round was led by Caspian Leap for Agriculture Fund, an agri-focused fund managed by Caspian Equity, with participation from marquee angels including Mr. Deepak Agarwal (MD of Bikaji group), Rishab Jain (CFO of Bikaji), Pulkit Bachhawat (Founder, Right Pillar Advisors), and other prominent investors. Right Pillar Advisors served as the financial advisors to the transaction and SkwerUp Capital Partners served as Legal Advisors to the transaction.

The agricultural industry in India comprises 12 crores farmers, of which 10 crores are small and marginal farmers. The company has achieved significant traction, having created awareness among 10 million farmers and servicing approximately 5 lakh farmers with their affordable products. However, However, there is currently a significant gap in the market for small, mechanized products, as many companies primarily focus on producing large-scale tractors.

With the newly raised capital, Balwaan intends to develop new products and establish a pan-India distribution network for their existing products. Along with it this funding is to support Balwaan's expansion plans in the southern and eastern regions of India. The company aims to design and launch innovative solutions, tailored specifically for the Indian market, with the distinction of being the first in India to introduce ISI-approved small farm machine products under the Balwaan Krishi brand.  In addition to expanding its operations, the company plans to set up a local Indian languages after-sale support center that will provide round-the-clock technical assistance to farmers.