Pune-based agritech platform AgroStar has secured USD 30 million (~INR 266.43 crore) in a funding round led by Just Climate, a climate-focused investment firm established by Generation Investment Management. The round also saw participation from existing investors, including Aavishkaar Capital, Accel, Bertelsmann India Investments, Chiratae Ventures, Evolvence India, Hero Enterprises, and British International Investment.
This fresh infusion of capital marks AgroStar’s first major fundraise in nearly four years and takes its total funding to over USD 140 million (~INR 1,243.36 crore). The company’s previous Series D round, led by Schroders Capital in December 2021, had raised USD 70 million (~INR 621.68 crore).
Accelerating Omnichannel Expansion and AI Innovation
AgroStar plans to utilize the new capital to accelerate its national omnichannel expansion, drive product innovation across input and output verticals, and strengthen AI-driven capabilities for personalized farm advisory and crop management. The company’s model integrates a digital platform with a vast offline network of over 10,000 retail stores, collectively serving more than 1 crore farmers across 11 Indian states, including Gujarat, Maharashtra, Rajasthan, Madhya Pradesh, and Uttar Pradesh.
Its AI-powered agronomy advisory platform offers farmers real-time crop insights, soil and water management tools, and access to over 200 branded agri-input products, with a growing emphasis on biological and climate-aligned solutions. AgroStar’s recent innovations include organic fertilizer alternatives, high-germination seeds, and soil moisture retention products aimed at promoting sustainable farming practices.
Commitment to Sustainability and Climate Action
AgroStar’s sustainability initiatives have yielded tangible environmental benefits. In FY25, the company reported enabling savings of 276 billion litres of water and preventing over 1,20,000 metric tonnes of CO₂-equivalent emissions through the reduced use of chemical fertilizers and enhanced soil health.
The company has also expanded its footprint beyond India through its fresh-produce brand, Kimaye, which is now available in premium supermarkets across more than 25 countries, supported by a robust global supply chain.
Leadership Commentary
Shardul Sheth, Co-founder and CEO of AgroStar, emphasized the urgency of addressing climate and soil challenges in Indian agriculture:
“Indian agriculture stands at a critical juncture — climate variability and degraded soils threaten our farmers’ livelihoods. Partnering with Just Climate brings far more than capital; it brings deep expertise in scaling natural climate solutions. Together, we will accelerate our mission of Helping Farmers Win through sustainable, technology-driven farming solutions that improve incomes and resilience.”
Siddarth Shrikanth, Director at Just Climate, echoed this sentiment:
“Indian agriculture is a key priority for our strategy — not only for climate and nature action but also to ensure a just transition for people. AgroStar has built a strong track record as a trusted partner to farmers, and we are excited to back their expansion and sustainability goals.”
Prashanth Prakash, Partner at Accel, added:
“We have been with Sitanshu and Shardul since the very start. What they’ve built is remarkable — a trusted omnichannel platform that millions of farmers turn to for advice, quality inputs, and fair market access. Their focus on long-term impact has redefined agricultural entrepreneurship in India.”
AgroStar: Financial Performance and Market Position
AgroStar reported revenue of INR 761.51 crore in FY24, with a loss of INR 327.43 crore. Total expenses stood at INR 1,088.94 crore, while net cash flow from operations was negative INR 135.09 crore.
AgroStar continues to be one of India’s largest full-stack agritech platforms, competing with DeHaat, Ninjacart, and Waycool. The company aims to deepen its technology integration and enhance supply-chain efficiency while scaling its reach across new regions in India.
A Vision for the Future
With this latest funding, AgroStar is poised to strengthen its position as a leader in AI-driven, climate-resilient agriculture. Its integrated approach — combining advisory, inputs, and market linkages — positions it uniquely at the intersection of technology, sustainability, and rural prosperity.
As India’s agricultural sector confronts mounting challenges from climate change, AgroStar’s model offers a scalable blueprint for empowering farmers through innovation, trust, and data-led decision-making.
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