# Crofarm Agriproducts Pvt.

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

- Industry: Agribusiness
- Headquarters: Gurugram, India
- Website: www.crofarm.com/
- Total disclosed funding: $43M
- Latest round: Series B (Mar 7, 2022)
- Investors on record: 11

## About

Crofarm Agriproducts Pvt. Ltd., based in India, specializes in agritech solutions, connecting farmers directly to consumers through innovative platforms that ensure fresh produce delivery and efficiency in the supply chain.Founded in 2016, Crofarm Agriproducts Pvt. Ltd. operates with a focus on streamlining the agricultural supply chain. The company is led by CEO Varun Khurana, who has been instrumental in its growth. The firm is headquartered in Gurugram, India, and has successfully completed 9 deals, with the most recent funding round being a SERIES B, which raised INR 2350.00 mn on March 17, 2025, led by WestBridge Capital Partners and including investors like Omidyar Network and SIG Capital. The total amount raised by the company to date stands at INR 2350.00 mn.Crofarm, through its flagship platform Otipy, specializes in the agritech sector, providing fresh and nutritious food products directly from farms to consumers. The company's core offerings revolve around a farm-to-fork model, utilizing advanced AI-driven supply chain solutions to optimize food sourcing, processing, and delivery, focusing on reducing food wastage and improving supply chain efficiency. Otipy procures fresh fruits and vegetables from select farms, processing and delivering them to consumers within a 12-hour timeframe. The primary customer base consists of individual consumers who prefer online shopping for fresh produce, alongside over 20,000 farmers benefiting from increased income and improved harvesting practices, primarily in urban markets, including Mumbai and Gurugram.For the fiscal year 2023, Crofarm reported a revenue of INR 6260779.30 and an EBITDA of INR -4072836.50. The revenue model is largely based on direct-to-consumer sales via the Otipy platform, allowing customers to order fresh produce for home delivery. The company also engages in B2B partnerships with the government and local farmer producer organizations (FPOs) to facilitate produce procurement.In March 2025, Crofarm Agriproducts Pvt. Ltd. raised USD 2 million in venture debt funding from new investor Nuvama Group, which will be allocated for general corporate purposes. The company aims to enhance its service offerings and expand into new markets, although specific products and geographic expansion details have not been disclosed. This funding will support ongoing initiatives to strengthen its supply chain and address the increasing consumer demand for fresh produce.

## Funding rounds

- Series B, Mar 7, 2022, $31M — SIG Capital, WestBridge Capital Partners, Omidyar Network
- Series A, Jul 19, 2021, $10M — SIG Capital, Omidyar Network, InnoVen Capital, Pravega Ventures, Factore Ventures, Inflection Point Ventures
- Seed, Nov 21, 2018, $0.9M — Pravega Ventures, Factore Ventures, LVX, India Accelerator, Yukti Securities
- Seed, Aug 9, 2017, $0.8M — Citadel Ventures, Factore Ventures, LVX

## Investors

- Citadel Ventures — Seed
- Factore Ventures (https://capitalatlas.ai/funds/factore-ventures) — Seed, Series A
- LVX (https://capitalatlas.ai/funds/lvx) — Seed
- Pravega Ventures (https://capitalatlas.ai/funds/pravega-ventures) — Seed, Series A
- India Accelerator (https://capitalatlas.ai/funds/india-accelerator) — Seed
- Yukti Securities — Seed
- SIG Capital (https://capitalatlas.ai/funds/sig-capital) — Series A, Series B
- Omidyar Network (https://capitalatlas.ai/funds/omidyar-network) — Series A, Series B
- InnoVen Capital — Series A
- Inflection Point Ventures (https://capitalatlas.ai/funds/inflection-point-ventures) — Series A
- WestBridge Capital Partners (https://capitalatlas.ai/funds/westbridge-capital-partners) — Series B