BigHaat Raises Rs 37 Crore in Extended Series C Round Led by JM Financial
- BigHaat secures Rs 37 crore in a Series C top-up round led by JM Financial.
- Funds to support working capital, expansion needs, and general corporate purposes.
- Agritech platform crossed Rs 1,000 crore revenue in FY25 and eyes Rs 1,400 crore this year.
Full-stack agritech platform BigHaat is set to raise Rs 37 crore ($4.1 million) as part of an extended Series C round, marking its first fundraise in more than a year. According to regulatory filings with the Registrar of Companies, the Bengaluru-based startup has approved the issuance of 3, 39,450 Series C2 preference shares at Rs 1,090 each.
JM Financial India is leading the round with an investment of Rs 15 crore. Existing investors Ashish Ramesh Kacholia and Suresh Kumar Agarwal will each contribute Rs 10 crore. Several angel investors, including Neeraj Chaudhary, Kapil Dave, Usha Sharma, Pramod Kumar Lahoty, and others will also participate in the funding.
BigHaat plans to use the fresh capital to meet its working capital needs, support essential capital expenditures, and strengthen corporate operations as it continues to scale.
Founded as a full-stack agritech platform, BigHaat offers farmers data-led crop advisory, helping them make informed decisions across their crop cycles. Along with advisory, the company provides distribution, marketing, and operational support. It also operates a marketplace offering a wide range of agricultural inputs such as seeds, pesticides, fertilizers, farm equipment, and crop boosters.
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So far, BigHaat has raised around $26 million, including a Rs 100 crore ($12 million) round led by JM Financial in early 2022. Its investor base includes Beyond Next Ventures, Ashish Kacholia, Ankur Capital, and several well-known angels.
The company has shown strong financial growth, surpassing Rs 1,000 crore in revenue in FY25. Co-founder Sateesh Nukala recently said BigHaat is targeting Rs 1,400 crore in revenue by the end of the current fiscal year.
