AgriTech startup Cropcoin Technologies (Pehle Jaisa) has raised INR 12 crore ( US$1.27 million ) in a pre-Series A funding round. The round was led by Unicorn India Ventures, with support from Climate Angels.
The company will use this money to grow its operations from 10 districts to all 66 districts in Bihar and Jharkhand.
It will also invest in developing better eco-friendly products to improve soil health and reduce the use of chemicals, and build infrastructure to reach ₹100 crore in yearly revenue within the next two years.
Uttam Kumar, Co-founder, Cropcoin, says, “Our mission at Pehle Jaisa is to redefine the rural economy by turning agricultural waste into a high-value resource. This investment from Unicorn India Ventures validates our decentralized approach, which not only improves soil health but also makes farming more profitable for the smallholder. We aren’t just building a supply chain; we are building a self-reliant agricultural ecosystem that restores the land to its original, healthy state—exactly as the name ‘Pehle Jaisa’ suggests.”
Pulkit Mehrotra, Vice President, Unicorn India Ventures, says, “Indian Agritech market is experiencing rapid growth, moreover the rising awareness of sustainability and environmental fluctuations are influencing agritech trends in India. Farmers are increasingly turning to precision agriculture and moving towards bio-fertilizers to improve soil health and cut down on chemicals. This not only helps in lowering the costs for farmers but also protects the environment and soil in the long run. Cropcoin uses a hyperlocal and decentralised model which has helped them to expand faster. We believe the company will build a bigger farmer community going forward and with such innovation coming out of India this will definitely promote sustainable and highly organic farming inputs and help lower the agriculture cost in India.”
Cropcoin was started in 2022 by Pankaj Pandey and Ehtesham Farooqui. It is an agritech startup that focuses on managing farm waste and improving soil health. The company turns animal waste into organic fertilizers and bio-products, helping poultry and dairy farmers earn more, reduce waste, and keep their farms clean.
The company has also introduced eco-friendly products that improve soil quality and biodiversity, while reducing the need for chemical fertilizers and lowering farming costs.
Cropcoin is growing fast, with three times growth in the number of active districts. It expects to reach ₹10 crore in yearly revenue this year while keeping costs low.
In the last year, the company has tripled its revenue and expanded its farmer network from 20,000 to 70,000 farmers across Bihar, Jharkhand, and Manipur.
Now, Cropcoin plans to expand from 10 districts to all 66 districts in Bihar and Jharkhand, build a strong supply chain, and grow its presence in North East India. In the next 12 to 18 months, it aims to cover all districts and reach over 1.5 lakh farmers.
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