AgroStar Raises $76.7 Million to Empower Indian Farmers with Technology-Driven Solutions

Pune, India – April 23, 2025.– AgroStar, a leading AgriTech company transforming Indian agriculture through technology-driven solutions, has raised $76.7 million in funding, including a $70 million Series D round in 2021 led by Evolvence, Schroders Capital, Hero Enterprise, and CDC Group, and a $6.7 million Series E tranche in April 2025 led by Accel India. The rounds saw participation from Aavishkaar Capital, Bertelsmann India Investments, Chiratae Ventures, Rabo Frontier Ventures, IFC, IDG Ventures, and British International Investment, bringing AgroStar’s total funding to $179 million at a valuation of $293 million. This capital is fueling AgroStar’s mission to empower over 9 million farmers with personalized advisory, high-quality inputs, and market linkages.

Founded in 2013 by brothers Sitanshu Sheth and Shardul Sheth, AgroStar is headquartered in Pune and operates a full-stack AgriTech platform across 11 states, including Gujarat, Rajasthan, Maharashtra, Madhya Pradesh, Uttar Pradesh, Haryana, Punjab, Karnataka, Andhra Pradesh, Telangana, and Tamil Nadu. Its omnichannel platform, accessible via a mobile app, missed-call service, and over 1,000 franchisee stores, provides real-time agronomy advisory, access to seeds, fertilizers, pesticides, and equipment, and market linkages through the acquisition of INI Farms in 2022. AgroStar’s private-label brands, contributing over 80% of revenue, ensure quality and affordability, serving a digital farmer network of over 9 million.

The recent funding is accelerating AgroStar’s expansion to 5,000 branded retail stores, enhancing its AI-driven advisory engine, and scaling private-label offerings. The company’s technology, leveraging data science and partnerships with global brands, has driven a 27% increase in farmer yields, saved 423 billion liters of water, and restored 580 metric tons of organic carbon to Indian soils. AgroStar’s commitment to inclusivity is evident in its workforce, with over 75% women employed in its packhouses, and its creation of 9,500+ rural micro-entrepreneurship opportunities.

“AgroStar is building a farmer-first ecosystem that combines technology, trust, and accessibility,” said Shardul Sheth, Co-Founder and CEO. “This funding empowers us to scale our omnichannel platform, deepen market linkages, and drive sustainable growth for millions of farmers.”

AgroStar’s impact is transformative, with its app surpassing 5 million downloads and video content consumption growing 10X in 2021. The acquisition of INI Farms has enabled farmers to access domestic and global markets, increasing incomes by connecting them to better-paying buyers. By addressing gaps in knowledge, inputs, and market access, AgroStar is redefining Indian agriculture, aligning with national priorities for sustainability and digital adoption.

“AgroStar’s omnichannel approach and deep farmer connections are unlocking tremendous value,” said Abhishek Chandra, Managing Director at Evolvence India and AgroStar board member. “Their full-stack model is poised to dominate the agritech market while creating lasting socio-economic impact.”

With a robust investor base and a growing footprint, AgroStar is leading India’s agritech revolution, empowering farmers to win through innovation, sustainability, and opportunity.