# Agstack Technologies Private

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/agstack-technologies-private

- Industry: Software
- Headquarters: Indore, India
- Website: www.gramophone.in
- Total disclosed funding: $15M
- Latest round: Series C (Oct 26, 2021)
- Investors on record: 7

## About

Agstack Technologies Private Limited offers a comprehensive agri-tech platform that empowers farmers with technological solutions, facilitating all aspects of farming from sowing to selling, enhancing agricultural productivity across India.Founded in 2016 in Indore, India, Agstack Technologies Private Limited specializes in agricultural technology solutions. The company has completed 8 investment deals and recently raised INR 93.1 mn in an Add-on, Trade Sale round, bringing the total funding to INR 751.23 mn. The CEO, Tauseef Khan, leads the company, which aims to improve farming practices through innovative technology.Gramophone, the company’s flagship platform, provides farmers with essential agricultural products such as seeds, fertilizers, and crop nutrition, available for purchase online with home delivery. Their mobile application supports smart farming with a crop calendar and digital marketplace, catering to over 5 lakh farmers and agronomy experts in India. The company also offers soil testing services, delivering comprehensive reports within ten days to enhance farming efficiency.In 2023, Gramophone reported a revenue of INR 39,333,422.60, with an EBITDA loss of INR 6,896,440.60, indicating the ongoing investment in developing its platform and services.Agstack Technologies Private Limited plans to leverage its recent funding round to enhance its platform by developing new products tailored for farmers. The company aims to expand its market reach into additional regions of India by the end of 2024. The funding from new investor Paipal Ventures is expected to support these initiatives, enabling the company to innovate and broaden its agricultural offerings.

## Funding rounds

- Series C, Oct 26, 2021, $10M — Asha Impact, Siana Capital Management, Z3Partners, InfoEdge Ventures, Chona Family Office
- Series B, Dec 29, 2020, $3.7M — Better Capital, Info Edge (India) Limited, Asha Impact, Siana Capital Management
- Series B, Aug 10, 2019, $1.4M — Better Capital, Info Edge (India) Limited, Asha Impact

## Investors

- Better Capital — Series B
- Info Edge (India) Limited — Series B
- Asha Impact (https://capitalatlas.ai/funds/asha-impact) — Series B, Series C
- Siana Capital Management (https://capitalatlas.ai/funds/siana-capital-management) — Series B, Series C
- Z3Partners (https://capitalatlas.ai/funds/z3partners) — Series C
- InfoEdge Ventures (https://capitalatlas.ai/funds/infoedge-ventures) — Series C
- Chona Family Office — Series C