Maharashtra, India 20 November 2025
AgroStar, a leading AgTech platform transforming agriculture for millions of farmers across India, has announced it has raised $30 million in equity capital from Just Climate, established by Generation Investment Management. The company’s existing investors also participated in the round. The Raine Group acted as the exclusive financial advisor to AgroStar on the transaction.
India is the world’s second-largest agricultural producer, but Indian farms have amongst the lowest yields in the world. AgroStar, founded in 2013 by Sitanshu Sheth and Shardul Sheth, is transforming Indian agriculture with an integrated approach: access to agronomy advisory, high-quality affordable agri-inputs and global market linkages. The company uses a proprietary AI-powered technology stack to provide real-time advisory to millions of farmers across India along with a large portfolio of over 200 AgroStar branded agri-inputs. The company has reached over 10 million farmers through an omnichannel network of over 10,000 retail stores and its direct-to-farmer digital platform. AgroStar’s fresh produce range, Kimaye, is now available in premium supermarkets across 25+ countries, supported by a robust supply chain and consistent quality.
AgroStar is transforming how farming works for millions of smallholders in India, making agriculture more resilient, profitable and climate-smart. Farmers across India face mounting pressures: growing climatic variability, chronic water scarcity, and degraded soils due to decades of chemical overuse that led to lower yields and compressed profits. AgroStar directly tackles these challenges by equipping farmers with a powerful toolkit: a growing range of high-quality inputs including biologicals and climate-smart seeds, supported by personalised, tech-enabled agronomic advice. This approach delivers a meaningful and measurable impact for climate, nature and people. Independent surveys show that 81% of AgroStar farmers reported increased farm production, while 53% also found that their cost of cultivation reduced. In FY25 alone, AgroStar enabled savings of 276 billion litres of water in Indian farms thanks to improved soil health and water retention, and avoided over 120,000 metric tonnes of CO2 equivalent emissions from reduced use of chemical fertilisers.
Commenting on the recent round of funding, Shardul Sheth, Co-Founder and CEO, AgroStar, said: “Indian agriculture stands at a critical juncture – climate variability and degraded soils threaten our farmers' livelihoods, the need to address these challenges has never been clearer and more urgent. Partnering with Just Climate brings far more than capital; they bring deep expertise in scaling natural climate solutions and the conviction to back businesses driving real systemic change. With the recent investment, we will accelerate our mission of Helping Farmers Win, with tech-enabled sustainable farming solutions that increase their incomes and profitability. We are privileged to partner with Just Climate, who share our conviction that farmer prosperity and environmental sustainability are mutually reinforcing outcomes.”
The funding will enable AgroStar to accelerate its national omnichannel expansion, drive new product innovations across both input and output verticals, and invest in AI capabilities. These initiatives will enable the company to bring sustainable, profitable farming solutions to millions of smallholder farmers across India.
Siddarth Shrikanth, Director, Just Climate, said: “Indian agriculture is a key priority for our strategy, both from the perspective of climate and nature action, as well as to ensure a just transition for people. While solutions such as higher quality seeds and biological inputs exist, large gaps in trust, knowledge and distribution have constrained market adoption among the smallholders that make up the vast majority of Indian agriculture. As our first investment in India from our global Natural Climate Solutions strategy, we are delighted to be backing AgroStar and partnering with founders and existing investors. The company has built a substantial track record as a trusted partner to farmers, and we are looking forward to supporting them as they scale up their presence across India to achieve their goals for carbon abatement, water savings and improved farmer livelihoods.”
Global VC firm Accel is one of AgroStar’s earliest investors and a long-time supporter.
Prashanth Prakash, Partner at Accel, said: “We have been with Sitanshu and Shardul from the very start as they reimagined Indian agriculture from the ground up. What they’ve created is remarkable: a deeply trusted omnichannel platform that millions of smallholder farmers turn to for the right advice, quality inputs and fair market access, making farming truly profitable again. AgroStar has stayed the course, patiently forging a full-stack agri enterprise that farmers turn to season after season. Our conviction in the team has only grown stronger over the years as they continue to prove that real, lasting change in Indian agriculture comes from building trust, delivering value and staying rooted in the farmer’s reality.”
About AgroStar
Founded in 2013, AgroStar is a leading AgTech company transforming agriculture for millions of farmers across India. Through its omnichannel platform comprising a network of 10,000+ retail stores, AgroStar delivers comprehensive agricultural solutions including AI powered real-time agronomy advisory, quality farm inputs and global market access. The company’s portfolio of 200+ products emphasises sustainable farming, featuring organic alternatives that reduce chemical fertiliser dependency, soil water retention solutions, and high-germination seed varieties. By combining agronomy advisory with climate-friendly agricultural products and market access to export produce to 25+ countries under the Kimaye brand, AgroStar enables farmers to increase income while reducing operational costs, staying true to its mission: ‘Helping Farmers Win.’
AgroStar’s vision has attracted support from leading technology and impact investors including Aavishkaar Capital, Accel, Bertelsmann India Investments, British International Investment, Chiratae Ventures, Evolvence India, Hero Enterprise, International Finance Corporation, Just Climate, Rabo Frontier Ventures, and Schroders Capital. For more information visit us at www.corporate.agrostar.in.
About Just Climate
Established by Generation Investment Management, Just Climate is a specialist investment business focused on scaling solutions for the highest-emitting, most off-track sectors of the economy. The challenge of achieving a net-zero world and addressing climate-related risk is huge, urgent and needs tremendous mobilisation of capital. Just Climate’s mission is to establish climate-led investing as a capital allocation imperative for institutional investors globally. For more information, please visit us at justclimate.com.