Two Brothers Organic Farm – an Agritech Startup, has secured $7 million (INR 58.25 crores) from Rainmatter Capital. The company secured the deal during the funding round held by Zerodha’s investment arm, Rainmatter Capital.
Securing the funds, the company plans to expand its business reach and wants to deploy fresh proceeds to support agri-tech business growth in India. On this significant move, cofounder Ajinkya Hange released a press statement – “We are glad to have like-minded individuals and organizations participate in this fundraising effort, especially thanks to our lead investors Nithin Kamath of Zerodha and Raju Chekuri (Netenrich).”
He also added that this funding will cater to consumers in India and assist farmers in embracing different organic practices. Two Brothers Organic Farm Company started in 2016. The company makes good revenue by selling different farm produce like wheat flour, sugarcane jaggery, groundnut oil, cow ghee, etc.
However, they have launched many initiatives to create awareness of organic farming. They have trained more than sixteen thousand farmers for sustainable farming practices. Competing against AgroStar and FarMart, they have successfully made their name in the agri-tech sector.
India’s agri-tech space is expanding, so the fundraiser will help the company scale up its business operations. According to a recent EY report, India’s Agri-tech startups are looking at a market opportunity worth $24 Billion by 2025. Also, in May 2024, another startup company, FarMart, raised INR 24 Cr ($2.8 Million) as a part of responsibility investments.
In April last year, eminent personalities like cricketer Virendra Sehwag and Bollywood actor Akshay Kumar invested INR 14 crores in the pre-series round for global business expansion. With big players expanding their reach and startups securing funds for scaling up their operations, there will be growth in the agri-tech sector in the coming years. The best part is that Two Brothers Organic Farm focuses on a global level – not just India.
