AgroStar, a mobile commerce platform for farmers that sells agricultural inputs on “direct-to-farmer” basis, has raised $4 million in a latest funding round from IDG Ventures India along with the participation of its existing investor Aavishkaar.
The company is currently operating in only four states of India – Gujarat, Maharashtra, Rajasthan and Madhya Pradesh. But, with the new cash coming in, it is now planning to expand its operations to other 3-4 states of India. It is also looking to strengthen its team in technology and leadership.
AgroStar was founded by Sitanshu Sheth and Shardul Sheth with an aim to transform agri-business for farmers in rural India. Through its platform, farmers can buy seeds, nutrients, crop protection, as well as hardware products related to farming. For this, the company has tied up with many national and international companies.