Team StartupCity

• Raises $30 Million in new round led by Just Climate
• Plans to boost omnichannel expansion, product innovation, and AI tools
• Reaches 10 Million farmers and 10,000 stores across its network

AgroStar, an agritech startup that offers farm advisory and agricultural inputs, has raised $30 million in a fresh funding round led by climate-focused investment firm Just Climate. The round marks the company’s first major fundraise in nearly four years, with continued support from existing investors Aavishkaar India, Bertelsmann, Evolvence India, Chiratae Ventures, and Hero Enterprises.

AgroStar plans to use the new capital to accelerate its omnichannel expansion, strengthen product innovation, and build advanced AI capabilities to deliver more accurate crop and farming guidance. The company operates a hybrid model, combining its digital platform with a wide retail footprint to serve farmers across multiple regions.

Founded in 2013 by brothers Sitanshu and Shardul Sheth, AgroStar has built a distribution network of over 10,000 retail stores and claims a digital reach of more than 10 million farmers. Its product portfolio includes over 200 branded inputs such as biologicals and climate-focused solutions that help farmers improve yields and manage changing environmental conditions.

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To date, AgroStar has raised over $140 million, including a $70 million Series D round led by Schroders in late 2021. According to data, Chiratae Ventures held the largest external stake before this latest round, followed by Aavishkaar Capital, Accel, and Bertelsmann.

In FY24, AgroStar recorded Rs 761.51 crore in revenue but posted a loss of Rs 327.43 crore, with expenses rising to Rs 1,088.94 crore. Net cash flow from operations was negative Rs 135.09 crore. The company competes with other agritech players such as Ninjacart, DeHaat, and Waycool.