Bengaluru-based full-stack agritech platform BigHaat is preparing to raise approximately INR 37 crore (USD 4.1 million) from its existing investors through an extension of its Series C round.
Recent filings with the Registrar of Companies indicate that the startup has approved a special resolution to issue 3,39,450 Series C2 preference shares at INR 1,090 per share.
The extended round is being led by JM Financial India, which will contribute INR 15 crore. Existing investors Ashish Ramesh Kacholia and Suresh Kumar Agarwal are each set to invest INR 10 crore. Additionally, several individual investors—including Neeraj Chaudhary, Kapil Dave, Usha Sharma, and Pramod Kumar Lahoty—along with other angel backers, will join the round.
According to the filings, the company will use the fresh capital to meet working capital requirements, fund ongoing capital expenditure, and support general corporate purposes to maintain its current growth trajectory.
Founded in January 2015 by Sateesh Nukala, Sachin Nandwana, and Kiran Vunnam, BigHaat runs a digital agriculture platform that provides farmers with a wide selection of inputs, including seeds, pesticides, fertilizers, nutrients, and farm equipment. The platform also delivers advisory services on crop health, soil conditions, and weather patterns, accessible through its mobile app, website, and phone support in multiple regional languages.
Beyond advisory, BigHaat oversees distribution, marketing, and operational support across various agricultural segments.
To date, the company has raised around USD 26 million, which includes an INR 100 crore round led by JM Financial in January 2022.
