# AgricxLab Pvt

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/agricxlab-pvt

- Industry: Agribusiness
- Headquarters: Thane, India
- Website: www.agricx.com
- Total disclosed funding: $0.5M
- Latest round: Seed (Feb 19, 2018)
- Investors on record: 2

## About

AgricxLab Pvt Ltd is a technology company focused on providing innovative solutions for operational efficiency in agriculture, leveraging data analytics to enhance user experience and productivity for businesses in the sector.Founded in 2016 and headquartered in Thane, India, AgricxLab Pvt Ltd specializes in agricultural technology solutions. The company has received Seed funding totaling USD 0.5 mn, raised in February 2018, led by Ankur Capital. The CEO and founder, Saurabh Kumar, has been instrumental in steering the company's growth trajectory since its inception.AgricxLab Pvt Ltd offers a comprehensive suite of technological solutions designed to meet the unique needs of the agricultural market. Their products enhance operational efficiency and improve user experience, catering to businesses across sectors including technology and agriculture. The firm’s tools have found adoption in key markets such as North America and Europe, targeting both small and medium-sized enterprises as well as larger corporations.In the most recent fiscal year 2021, AgricxLab Pvt Ltd reported a revenue of USD 65,189.70, with an EBITDA of USD -24,383.60. The company’s revenue is generated through structured transactions that include direct sales and partnerships, focusing on subscription models or one-time purchases, tailored to meet varying client requirements.AgricxLab Pvt Ltd plans to expand its product offerings and enter new geographical markets. Following their Seed funding round in February 2018, the company intends to use this capital to enhance its technological developments and facilitate market entry strategies. Specific new product launches are being designed, with an emphasis on improving efficiency in agricultural operations. The expansion targets include broader reach within North America and the introduction of their services into emerging markets by 2023.

## Funding rounds

- Seed, Feb 19, 2018, $0.5M — IIMA Ventures, Ankur Capital

## Investors

- IIMA Ventures (https://capitalatlas.ai/funds/iima-ventures) — Seed
- Ankur Capital (https://capitalatlas.ai/funds/ankur-capital) — Seed