Agritech startup BigHaat has raised Rs 100 crore in a new round led by JM Financial Private Equity in partnership with existing backer Beyond Next Ventures. Beyond Next Ventures had previously led a $2 million pre-series A round in the Bengaluru-based startup in August 2020.
The proceeds will be used to enhance the existing technology infrastructure and accelerate the expansion of the firm’s operations, said BigHaat in a press release.
Founded in 2015, BigHaat digitizes the agriculture inputs ecosystem and empower farmers with accessibility to high-quality agriculture inputs. The company leverages science, data, and technology to provide data-led crop advisory to farmers.
The company claims to provide access to over 7,000 SKUs of inputs, end-to-end crop guidance and market linkages for various commodities and caters to the input needs of farmers in over 13,000 pin codes of the country.
Rockstud Capital and Ankur Capital are other notable investors in BigHaat. According to Fintrackr’s data, more than three dozen agritech startups had raised funds in 2021.