Balwaan Krishi Bags ₹100 Cr To Scale Farm Equipment Manufacturing

Agritech startup Balwaan Krishi has secured ₹100 Crore (approximately $10 million) in its Series B funding round, led by First Bridge India Growth Fund Private Equity, with additional support from other institutional investors. The Jaipur-based company will utilize the capital to bolster local manufacturing, expand its dealer and service network in southern India, and develop innovative farm equipment.

A significant portion of the funds will be allocated to domestic manufacturing to minimize reliance on imports and ensure superior product quality and availability. Balwaan's upcoming product lineup includes power weeders, battery sprayers, and other farm equipment with integrated capabilities to monitor machines and predict maintenance requirements before a breakdown occurs.

Established in 2016 by Rohit and Shubham Bajaj, Balwaan focuses on producing agricultural machinery tailored to Indian farming conditions, with prices ranging from ₹10,000 to ₹1 Lakh, catering to small and marginal farmers who may find larger equipment financially unfeasible or inappropriate. The startup's current user base exceeds 4 million farmers, and it reaches customers through a network of over 800 dealers across northern India and e-commerce platforms.

The latest funding infusion will facilitate the expansion of the company's distribution and after-sales service network in southern India. Balwaan's founders, Rohit and Shubham Bajaj, expressed their intention to leverage the capital to reinforce manufacturing capabilities, broaden market reach, and continue developing equipment specifically designed for Indian agriculture.

This funding follows Balwaan's ₹40 Crore Series A investment in June 2024 from JM Financial Private Equity, which was also intended for product development and distribution expansion, including southern India. The recent funding round complements other investments in agricultural machinery, supply chains, and financing this year.

WayCool raised ₹210 Crore from Lightrock India in March, while Arya.ag secured $80 million in a Series D round from GEF Capital Partners in January, with approximately 70% of the proceeds allocated to primary capital and the remainder from secondary share sales. Balwaan plans to employ the funds to enhance its reach among farmer communities and accelerate product development.