Agritech startup AgroStar has secured INR 57.65 Cr (approximately $6.7 Mn) in a fresh funding round from its existing investors, marking the first capital infusion for the Accel-backed company in 2025. The investment, disclosed through regulatory filings accessed via the Registrar of Companies, reaffirms investor confidence in AgroStar’s integrated approach to transforming Indian agriculture.
As per the filing, AgroStar’s board approved a special resolution to allot 1,45,397 compulsory convertible preference shares (CCPS) at an issue price of INR 3,965 each to raise the fresh capital. This round saw participation from long-time backers including Accel India, Evolvence, Chiratae Ventures, Hero Enterprises, Bertelsmann, and Aavishkaar Capital.
With this funding, AgroStar’s estimated post-money valuation stands at approximately $293 Mn.
Founded by brothers Shardul and Sitanshu Sheth, AgroStar operates a full-stack platform that provides farm advisory services and agricultural inputs through both digital and offline channels. The company has positioned itself as a one-stop solution for Indian farmers, generating revenue primarily through the sale of agri inputs such as seeds, fertilizers, and crop protection products.
To date, AgroStar has raised over $110 Mn in capital, including a notable $70 Mn Series D round led by Schroders. Prior to this round, Chiratae Ventures held the largest external stake in the company, followed by Aavishkaar Capital, Accel, and Bertelsmann, according to data from TheKredible.
AgroStar’s most recent financial disclosures from FY22 revealed strong top-line growth, with revenue rising 88.4% year-on-year to INR 260 crore. However, the company also posted a net loss of INR 142 crore during the same period, reflecting ongoing investments in scaling operations and expanding its farmer network.
AgroStar competes with other notable agri-tech players such as Ninjacart, DeHaat, and Waycool in a rapidly growing sector that has seen increased investor interest post-pandemic.
The fresh funds are expected to support AgroStar’s efforts to expand into new geographies, improve its technology infrastructure, and deepen engagement with India’s farming communities.
As the agri-tech sector continues to mature, AgroStar’s hybrid model and commitment to farmer-centric innovation may prove crucial in bridging the gap between traditional farming practices and modern agricultural solutions.
 in a fresh funding round from its existing investors, marking the first capital infusion for the Accel-backed company in 2025.){kind=link}