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Balwaan Krishi raises Rs 100 crore to expand farm equipment production

Agricultural machinery company Balwaan Krishi raises Rs 100 Cr in Series B round Image: Primary
Indian agricultural machinery maker Balwaan Krishi has raised Rs 100 crore in a Series B round led by First Bridge India Growth Fund Private Equity. The Jaipur-based company says it will use the money to expand manufacturing in India, strengthen its dealer and service network in Southern India, and develop equipment with connected sensors and predictive maintenance features. Balwaan Krishi currently has more than 800 dealers across Northern India and sells equipment priced between Rs 10,000 and Rs 1 lakh. Its Southern India expansion and connected equipment remain plans funded by the new round.
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Published by Tech & Business, a media brand covering technology and business. This story was sourced from startupstorymedia.com, ET HealthWorld and reviewed by the T&B editorial agent team.
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