The agritech industry is transforming with new-age startups using AI, IoT, robotics, and biotechnology to address food security and agricultural efficiency. The Indian agritech sector is expected to experience significant growth, potentially reaching a USD 34 billion market by 2027, driven by increased adoption of technology in agriculture and a focus on sustainable practices. many agritech startups are preparing for their Initial Public Offerings (IPOs) to ride this growth wave.
These startups are not only changing traditional farming practices but also getting funding from global institutional investors, a clear indication of a rosy future for the industry. Industry trends show that startups in their later stage of funding tend to launch their IPO. In this article, we will explore top agritech companies eyeing IPO in upcoming years
#1 StarAgri – Leading in Top Agriculture Startups in India
StarAgri is a well-established player in the agritech space, founded in 2006 by Suresh Goyal and his team. The company provides end-to-end solutions across the agricultural value chain including warehousing, collateral management, procurement, trade facilitation, and financial services.
Business Model: StarAgri has a comprehensive business model that focuses on agricultural supply chain efficiency. Key components of its business model are:
- Collateral Management: StarAgri provides warehouse receipt financing in partnership with banks, enabling credit access for farmers and traders.
- Digital Platforms: Through solutions like Agrigate and AgriBhumi, the company offers AI-powered trade facilitation, operations management, and crop advisory services.
- Global Expansion: StarAgri has expanded into Africa and the Middle East, strengthening its role in the global agri-commodities supply chain.
Latest Funding Round: StarAgri has raised a total of USD 89.9 million in funding over 4 rounds, with its latest round being a PE round on 3 February 2016, for USD 3.68 million, involving Temasek as an investor. With institutional backing, StarAgri is seen as a good bet for an IPO.
StarAgri is gearing up for an IPO that will consist of a fresh issue of shares valued at INR 450 crore and an offer-for-sale (OFS) component of 2.69 crore shares by promoters and selling shareholders. Temasek Holdings, an investor since 2014 is part of the OFS in this round. The company will use the funds from this IPO for working capital and to strengthen its subsidiaries.
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#2 DeHaat – Building the Full-Stack Farmer Ecosystem
DeHaat is an Agri startups in India that provides end-to-end agricultural services to enhance the agricultural value chain. Founded in 2012 by a group of IIT and IIM alumni including Shashank Kumar, the company is headquartered in Patna, Bihar with a corporate office in Gurugram. DeHaat works towards empowering farmers by offering a range of services including seeds, fertilizers, pesticides, farm machinery, and market linkages for the sale of crops.
Business Model: DeHaat operates a franchise network with 4,000+ centers serving as local hubs for quality agri-inputs and advisory.
- End-to-End Services: Offers comprehensive support from farm inputs to market access.
- Technology Integration: Leverages AI for personalized crop advisory via mobile apps.
- Micro-Entrepreneurs: Empowers local entrepreneurs for last-mile delivery and farmer support.
DeHaat claims to serve over 1.5 million farmers across 11 states including Bihar, Uttar Pradesh, Jharkhand and Maharashtra through its network of micro-entrepreneurs and technology-driven solutions.
Latest Funding Round: As of Jan 2025, DeHaat has completed its latest funding round and raised USD 284.3 million in total funding to date. Its latest funding round, a Series E, secured USD 60 million on 1 December 2022 and included participation from Peak XV Partners (formerly Sequoia Capital India), Sofina, Naspers, and Omnivore. This funding will be used to fuel growth and expand services. The company’s aggressive market expansion hints at IPO plans soon. Apart from funding, DeHaat has acquired AgriCentral in Jan 2025.
#3 Arya.ag
Arya.ag (formerly Arya Collateral Warehousing Services) is an agri startups based in Noida, India. Founded in 1982 the company is a grain commerce platform that connects sellers and buyers of agricultural produce. Its focus is on improving the agricultural value chain through integrated services of farmgate storage, financing and year-round supply management.
Business Model: Arya.ag addresses farmer and agribusiness needs with an integrated approach.
- Grain Commerce: Connects sellers and buyers to prevent distressed sales.
- Storage Solutions: Offers 5 million tons of storage across 5,500 warehouses in 21 states.
- Financial Services: Through Aryadhan, provides warehouse receipt financing for farmer liquidity.
- Technology Integration: Utilizes data analytics to optimize operations and support smarter farm and financial decisions.
Latest Funding Round: Agritech startup Arya.ag, which secured USD 30 million in debt financing last month aims to be IPO ready by FY 2027. Arya.ag has so far raised a total funding of USD 84 million in equity and USD 102.05 million in debt. In July last year, it raised USD 29 million in pre-Series D funding led by Switzerland-based Blue Earth Capital. The firm will be raising the next round of funding by the end of 2025.
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#4 AgroStar
AgroStar is a Pune-based agritech company founded in 2013. It is an agri solutions platform that helps to increase the productivity and profitability of farmers. It connects over 9 million farmers with high-quality agricultural inputs and advisory services through an omnichannel approach which includes retail stores, mobile apps and advisory centre.
Business Model: AgroStar operates across farm advisory, agri-inputs, and market access.
- Farm Advisory: Provides personalized, science-based guidance via its app and expert consultations.
- Agricultural Inputs: Offers 200+ lab-tested products, including pesticides and fertilizers, to boost yields and lower costs.
- Market Access: Connects farmers to global retail chains through its brand ‘Kimaye’.
- Reach: Supported by 9,500+ retail stores and a robust digital platform engaging millions of farmers monthly.
Latest Funding Round: As of the latest updates, AgroStar has raised a total of USD 172 million in funding across various rounds. The most recent funding round was a Series D round completed in 2022, where the company secured USD 70 million, led by Evolvence, Schroders Capital, Hero Enterprise, and CDC. This funding aims to bolster its growth trajectory and expand its services further into agriculture startups, making it a strong IPO contender.
#5 Otipy
Otipy is a Gurugram based agritech startups founded in 2020 by Varun Khurana and Prashant Jain. It is a community group buying platform that connects consumers with farmers through a network of resellers. Otipy delivers fresh fruits and vegetables to consumers’ doorstep within 12 hours. Otipy has gained huge traction with over 1 million app downloads and serving over 500,000 customers in Delhi-NCR.
Business Model: Otipy’s business model is community-based with resellers for last-mile delivery. It sources products from over 20,000 farmers and has a “lead farmer” model for quality assurance to ensure the produce is fresh and chemical-free. Otipy offers fresh fruits and vegetables, dairy, bakery items, and grocery products with 80% of its products being fresh produce.
Latest Funding Round: Otipy recently closed its Series B round of funding with USD 32 million. The round was led by Westbridge Capital along with SIG and Omidyar Networks. The funds will be used to scale the business and expand its presence in the market. The company did INR 115 crore (approximately USD 14 million) gross revenue in FY 2023-2024 which is huge growth in a competitive market.
#6 BigHaat
BigHaat is an agritech startups based in India founded in 2015 that is a digital marketplace for agricultural inputs. The company uses data, science and technology to provide farmers with crop advisory services and access to a wide range of agricultural products including seeds, fertilizers, pesticides and equipment.
Business Model:
- Farmer-Centric: BigHaat is a direct-to-farmer platform connecting farmers with agri-input manufacturers for cost efficiency and transparency.
- Data Analytics: Offers demand-supply insights and product feedback to over 200 manufacturers, enhancing marketing and reducing costs.
- Holistic Solutions: Provides end-to-end support from pre-harvest guidance to post-harvest market linkages.
Latest Funding Round: As of 2024, BigHaat has raised around USD 23.78 million in total funding across various funding rounds. The latest funding round is pre-Series C, valued at around USD 8.4 million as of December 2024 co-led by Ashish Kacholia and RBA Finance and Investment Company. This funding will help BigHaat in its expansion plans to impact more than 10 million farmers in the next 3 years by scaling up its digital platform and services.
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#7 Vegrow
Vegrow is an agriculture startups in India founded in 2020. It is a B2B marketplace for fresh fruits, connecting farmers with organized demand through technology. The company aggregates produce from over 20,000 farmers and sells to wholesalers and retailers across more than 100 cities in India. This model ensures consistent quality and pricing and builds a strong community of agricultural partners.
Business Model: Vegrow’s business model consists of:
- Aggregation: Vegrow aggregates supply from a vast farmer network to ensure year-round fruit availability.
- Tech-Driven Matchmaking: Uses technology to efficiently match farmer supply with buyer demand.
- Multi-Channel Sales: serves exporters, retailers, and processors, expanding market reach and sales opportunities.
Latest Funding Round: As of December 2023, Vegrow raised USD 46 million in Series C funding. This round was led by GIC, Singapore’s sovereign wealth fund, along with participation from existing investors such as Prosus Ventures, Matrix Partners India, Elevation Capital and Lightspeed Venture Partners. This funding will be used to scale up Vegrow’s operations and technology in the agriculture startups.
#8 ONO
ONO is an agritech company based out of Bengaluru, India founded in 2021. The company operates a multisided platform to build transparency and trust in the agricultural market. Its mission includes democratizing market and price discovery, supply and demand mapping, and connecting all stakeholders in the agri ecosystem including farmers, commission agents, traders, buyers, transporters, and lenders.
Business Model: ONO’s business model revolves around its flagship product, ONO mOS (Mandi Operating System). This enterprise accounting software is for commission agents and traders operating in Agricultural Produce Market Committees (APMCs) and mandis. It provides access to working capital and trade finance quickly. The platform aims to simplify transactions and improve the overall efficiency of the agricultural supply chain.
Latest Funding Round: As of April 2024, ONO has raised INR 11 crore (USD 1.3 million) in a seed funding round led by Aeravti Ventures, with participation from Indigram Labs. The series of funding is not disclosed. The company has grown significantly, from 25 mandis to over 100 and from 230 to over 1,080 active subscribers by the end of FY 2024-2025.
#9 Cropin Technology Solutions
Cropin Technology Solutions is a global Agri startups founded in 2010 and headquartered in Bangalore, India. It provides software solutions for agriculture sector through its flagship product, Cropin Cloud which is the world’s first industry cloud for agriculture. This platform helps agribusinesses to digitize and increase productivity and sustainability by using data analytics and artificial intelligence.
Business Model: Cropin follows a B2B model, serving stakeholders across the agri-food ecosystem.
- Digitization: Cropin Cloud, enables digital farm management with real-time insights and predictive analytics.
- Agri-Intelligence: Offers solutions for crop health monitoring, yield estimation, compliance, and climate-smart practices.
- Global Reach: Partners with 250+ customers in 103 countries, impacting 30 million acres and 7 million farmers.
- Sustainability: Focuses on climate resilience and sustainable agriculture across the supply chain.
Latest Funding Round: As of the latest information available, Cropin Technology Solutions raised INR 113 crore (USD 14 million) in a Series D round in January 2023. The round was led by Google and JSR Corporation, along with existing investors ABC Impact and Chiratae Ventures, to expand its Cropin Cloud platform. The funding will be used to expand Cropin’s technology and scale up the operations to contribute more to the digitalization of agriculture globally. It has a global presence making it one of the strongest IPO candidates.
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#10 Crofarm
Crofarm is an agriculture startups in India founded in 2016 by Varun Khurana and Prashant Jain, based in Gurgaon, Haryana, India. We want to transform the agricultural supply chain by connecting farmers directly to businesses, so there are no intermediaries and less food wastage. Crofarm’s mission is to make the procurement process more efficient and transparent for farmers and buyers.
Business Model: Crofarm operates a B2B model, sourcing fresh produce directly from farmers to reduce spoilage and procurement costs.
- Revenue Streams: Earns through service fees, transaction commissions, and farmer fees.
- Key Activities: Focuses on sourcing, quality control, logistics, and managing farmer-business relationships.
- Technology: Leverages advanced logistics and data analytics for efficient delivery, timely farmer payments, and quality assurance.
Latest Funding Round: Crofarm has raised around USD 46.98 million across 8 funding rounds. Currently at Series B-II, the last funding was around USD 6 million, with investors including WestBridge Capital, Omidyar Network India, and Susquehanna International Group. Its subsidiary Otipy recently completed Series B and raised USD 32 million.
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In Conclusion
The Indian agritech is on the verge of a big change as many of the top startups are getting ready to tap into the capital markets. These companies — StarAgri, DeHaat, Arya.ag, AgroStar, Otipy, and more are revolutionizing the agricultural sector through technology, supply chain innovation, and farmer-centric solutions. Their growing market presence, strategic acquisitions, and large funding rounds are a hint of their IPO plans. As top agritech startups list in the next couple of years, they not only reflect the size of the opportunity but also give investors a chance to ride the next big growth wave of the Indian agricultural economy.