Balwaan Krishi Raises Rs 100Cr Series B to Expand Agricultural Machinery Manufacturing

Balwaan Krishi, a Jaipur-based agricultural machinery company, has raised Rs 100 crore in a Series B funding round led by First Bridge India Growth Fund Private Equity, with participation from other institutional investors.

The latest financing will support the company's plans to expand domestic manufacturing, strengthen its dealer and service network in Southern India, and develop agricultural equipment with predictive maintenance and Internet of Things (IoT) capabilities.

Founded in 2016 by Rohit Bajaj and Shubham Bajaj, Balwaan Krishi develops agricultural machinery designed for Indian farming conditions. The company combines a dealer-led distribution network with e-commerce to reach farmers across the country.

Expanding agricultural machinery manufacturing in India

Balwaan Krishi plans to use part of the new capital to increase its manufacturing capabilities within India.

The company says greater domestic manufacturing will give it more control over product quality, supply chains and product availability.

It also expects the strategy to reduce dependence on imported machinery and components.

For agricultural equipment companies, manufacturing and supply availability are closely connected to distribution. Machinery needs to reach farmers in time for different agricultural activities, while service and replacement support can influence how effectively equipment can be used over its operating life.

Balwaan Krishi is therefore combining manufacturing expansion with investment in its dealer and after-sales service network.

Targeting India's small and marginal farmers

Balwaan Krishi's product portfolio is positioned toward India's small and marginal farming segment.

The company said around 86% of Indian farmers cultivate less than two hectares.

Its machinery is priced between Rs 10,000 and Rs 1 lakh, allowing the company to target farmers who may require smaller and more accessible agricultural equipment.

The company operates a hybrid B2B and B2C distribution model.

Its dealer network provides physical access to machinery and support, while its e-commerce presence gives farmers another channel through which they can discover and purchase products.

Balwaan Krishi currently has more than 800 dealers across Northern India and says its products serve more than four lakh farmers nationwide.

Building a stronger presence in Southern India

A key part of the company's expansion strategy is strengthening its presence in Southern India.

The new funding will be used to expand dealer and service networks in the region, with a focus on product availability and after-sales support.

For agricultural machinery, regional distribution can be important because equipment requirements vary depending on crops, farm sizes, terrain and local agricultural practices.

Building a local dealer and service network can also make it easier for farmers to access maintenance and support after purchasing machinery.

Balwaan Krishi's expansion therefore combines geographic distribution with its broader manufacturing plans.

Adding IoT and predictive maintenance

Beyond traditional agricultural machinery, Balwaan Krishi plans to develop equipment with predictive maintenance and IoT capabilities.

Predictive maintenance uses equipment data to identify potential problems before they result in major failures.

For farmers, reducing unexpected equipment downtime can be particularly relevant during periods when agricultural machinery is needed for time-sensitive operations.

IoT-enabled equipment can also provide additional data about how machinery is being used and maintained.

Balwaan Krishi's investment in these technologies represents an attempt to combine its existing agricultural machinery business with connected equipment capabilities.

The company did not provide detailed specifications for its planned IoT-enabled products in the source.

Previous funding and company history

Balwaan Krishi was founded in 2016 by Rohit Bajaj and Shubham Bajaj.

Before the latest Series B, the company raised $2 million in a pre-Series A round in May 2023.

That round was led by Caspian Leap for Agriculture Fund and included angel investors Deepak Agarwal, Rishab Jain and Pulkit Bachhawat.

The latest Rs 100 crore round represents a significant increase in the amount of capital available to the company as it moves into its next phase of expansion.

The funding will allow Balwaan Krishi to invest simultaneously in manufacturing, distribution, after-sales infrastructure and new product development.

A growing agricultural machinery startup ecosystem

Balwaan Krishi is raising capital during a period of increasing startup activity across agricultural machinery and technology.

The broader ecosystem includes companies working on electric tractors, agricultural robotics, AI-powered equipment and digital marketplaces.

Electric tractor startup Moonrider raised $6 million from Pi Ventures and Singularity AMC in 2025, following an earlier $2.2 million seed round.

Harvested Robotics raised Rs 5 crore in seed funding from Arali Ventures, with participation from Anand Mahindra and others, to develop AI-powered laser weeding technology for tractors.

Tractor Junction, a digital marketplace for tractors and agricultural equipment, raised $22.6 million in Series A funding led by Astanor, with participation from Info Edge and Omnivore.

These companies address different parts of the agricultural technology ecosystem, ranging from machinery and automation to digital distribution.

Balwaan Krishi's strategy remains focused on agricultural equipment, manufacturing and distribution while adding connected and predictive-maintenance capabilities.

Scaling an India-focused equipment business

The Rs 100 crore Series B gives Balwaan Krishi capital to expand beyond its existing Northern India dealer base and strengthen its nationwide presence.

The company already serves more than four lakh farmers and operates through more than 800 dealers in Northern India.

Its next phase will focus on expanding Southern India, increasing domestic manufacturing capacity and developing more connected agricultural equipment.

The combination of physical dealer networks, e-commerce, domestic manufacturing and technology-enabled machinery gives Balwaan Krishi several areas in which to deploy the new capital.

As Indian agriculture continues to include a large population of small and marginal farmers, the company is targeting equipment that sits within a Rs 10,000 to Rs 1 lakh price range.

The latest funding will now support Balwaan Krishi's efforts to make that machinery more widely available while developing new capabilities around IoT and predictive maintenance.