Balwaan Krishi, an agricultural technology company specializing in small farm machines has successfully raised $2 million in a Pre-Series A funding round. It was led by Caspian Leap for Agriculture Fund, an agri-focused fund managed by Caspian Equity, with participation from marquee angels including Deepak Agarwal (MD of Bikaji group), Rishab Jain (CFO of Bikaji), Pulkit Bachhawat (Founder, Right Pillar Advisors), and other prominent investors. Right Pillar Advisors served as the financial advisors to the transaction and SkwerUp Capital Partners served as Legal Advisors to the transaction. 

With the newly raised capital, Balwaan intends to develop new products and establish a pan-India distribution network for its existing products. Along with this, it will also support Balwaan's expansion plans in the southern and eastern regions of India.  Furthermore, the funding will enable the company to offer consumer finance options to farmers, making it easier for them to purchase machines through convenient EMI plans.

In addition to expanding its operations, the company plans to set up a local Indian language after-sale support center that will provide round-the-clock technical assistance to farmers. This initiative aims to ensure seamless customer service and enhance the overall experience of farmers using its machines.

On this funding round, Rohit Bajaj, co-founder and CEO said ‘"This funding round marks a monumental milestone for Balwaan, propelling us towards our long-term vision and goals, it will strengthen our market position, attract top people, and increase our distribution network! We will be able to connect with smaller farm mechanization by expanding our distribution networks. We are at the forefront of innovation, harnessing cutting-edge technologies like artificial intelligence (AI) and machine learning (ML) to revolutionize our product offerings and obtained to give proactive maintenance and unparalleled support to our dedicated farmers.”

Emmanuel Murray, Investment Director Caspian Equity and Fund Manager Caspian LEAF said, “We are thrilled to have Balwaan Krishi as a partner. Our investment in Balwaan aligns with our investment thesis of offering innovative products for the mechanization and empowerment of small farmers. Balwaan's wide range of affordable, custom-made agricultural machines, clever distribution network, and strong industry connections set them positioned for market dominance.