Agricultural machinery company Balwaan Krishi raises Rs 100 Cr in Series B
The round was led by First Bridge India Growth Fund Private Equity, with participation from other institutional investors.
Agricultural machinery company Balwaan Krishi has raised Rs 100 crore in Series B funding to support its next phase of growth across manufacturing, distribution and product development. The round was led by First Bridge India Growth Fund Private Equity, with participation from other institutional investors.
The company said the fresh capital will be deployed across three key priorities: expanding domestic manufacturing capacity, strengthening its dealer and service network in Southern India, and developing the next generation of farm equipment with predictive maintenance and IoT capabilities. This includes products such as Power Weeders, Battery Sprayers and other mechanisation solutions.
The funding will also help Balwaan deepen its manufacturing capabilities in India, giving it greater control over product quality, supply chains and product availability while reducing its reliance on imported machinery and components.
Balwaan also plans to expand its presence across Southern India by improving product availability and strengthening after-sales support in key agricultural markets.
The company in a statement said that more than four lakh farmers currently use Balwaan's equipment. Balwaan’s model is focused on a large but underserved segment of Indian agriculture. Around 86% of Indian farmers are small and marginal farmers cultivating less than two hectares, for whom large agricultural machinery is neither productive nor economically viable.
The company has built its product portfolio around affordability, with equipment ranging from Rs 10,000 to a maximum price point of Rs 1 lakh. Its hybrid B2B and B2C distribution model includes more than 800 dealers across Northern India.
Rohit Bajaj, Co-founder and CEO, Balwaan Krishi, said, “India’s small and marginal farmers are increasingly facing rising labour costs and pressure to improve productivity, yet access to affordable mechanisation remains limited. More than four lakh farmers already use Balwaan machines, giving us strong validation of the demand for affordable mechanisation.
“We have built Balwaan around this opportunity,creating practical, reliable equipment that farmers can afford. This funding allows us to strengthen manufacturing, broaden our reach and continue building products specifically for Indian farming conditions.”