About AgNext
AgNext is a company based in Sahibzada Ajit Singh Nagar (India) founded in 2016 by Sparsh Kaur and Taranjeet Singh Bhamra.. AgNext has raised $32.67 million across 6 funding rounds from investors including a-IDEA, Startup Karnataka and The Hashgraph Group. The company has 173 employees as of April 05, 2024. AgNext offers products and services including Qualix, Full-stack integrated algorithms, and Hardware platform. AgNext operates in a competitive market with competitors including ClariFruit, Allergy Amulet, FOSS, Agricx and ImpactVision, among others.
- Headquarter Sahibzada Ajit Singh Nagar, India
- Employees 173 as on 05 Apr, 2024
- Founders Sparsh Kaur, Taranjeet Singh Bhamra
- Stage Minicorn
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Sectors
Agriculture
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Agnext Technologies Private Limited
- Date of Incorporation 15 Sep, 2016
- Jurisdiction Mohali, Punjab, India
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Annual Revenue
$46.62 M (USD)4632.21as on Mar 31, 2023
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Net Profit
$-2.92 M (USD)-53.36as on Mar 31, 2023
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EBITDA
$-2.83 M (USD)-50.62as on Mar 31, 2023
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Total Equity Funding
$32.67 M (USD)
in 6 rounds
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Latest Funding Round
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Investors
a-IDEA
& 7 more
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Employee Count
173
as on Apr 05, 2024
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Products & Services of AgNext
AgNext offers a comprehensive portfolio of products and services, including Qualix, Full-stack integrated algorithms, and Hardware platform. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
AI platform for rapid food quality testing in agriculture chains.
Algorithms for on-the-spot food analysis and quality verification.
Devices for AI-based food quality evaluation in supply chains.
Funding Insights of AgNext
AgNext has successfully raised a total of $32.67M across 6 strategic funding rounds. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 6
- Last Round Last Round
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First Round
First Round
(01 Oct 2016)
- Investors Count 8
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2025 | Amount | Series A - AgNext | Valuation |
investors |
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| Jun, 2024 | Amount | Series A - AgNext | Valuation | Novo Holdings |
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| Aug, 2021 | Amount | Series A - AgNext | Valuation | Omnivore , Kalaari Capital |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in AgNext
AgNext has secured backing from 8 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include a-IDEA, Startup Karnataka and The Hashgraph Group. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Private equity and venture capital fund focused on the healthcare sector
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Founded Year | Domain | Location | |
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Agritech startups are funded by Omnivore, a venture capital entity.
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Founded Year | Domain | Location | |
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Investments in early-stage technology companies are made by Kalaari Capital.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by AgNext
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - AgNext
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Agnext Comparisons
Competitors of AgNext
AgNext operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as ClariFruit, Allergy Amulet, FOSS, Agricx and ImpactVision, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Developer of app-based quality control software for fruits and vegetables
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| domain | founded_year | HQ Location |
Portable food allergen sensors are offered via an online platform.
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| domain | founded_year | HQ Location |
Analytical solutions for food and agriculture industries are supplied.
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| domain | founded_year | HQ Location |
AI-based stack solutions are provided for agricultural processes.
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| domain | founded_year | HQ Location |
Integrated platform for taking hyperspectral images of food produce and content analysis
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Agnext
Frequently Asked Questions about AgNext
When was AgNext founded?
AgNext was founded in 2016.
Where is AgNext located?
AgNext is headquartered in Sahibzada Ajit Singh Nagar, India. It is registered at Sahibzada Ajit Singh Nagar, Punjab, India.
Who is the current CEO of AgNext?
Taranjeet Singh Bhamra is the current CEO of AgNext. They have also founded this company.
Is AgNext a funded company?
AgNext is a funded company, having raised a total of $32.67M across 6 funding rounds to date. The company's 1st funding round was a Series A of $21M, raised on Oct 01, 2016.
How many employees does AgNext have?
As of Apr 05, 2024, the latest employee count at AgNext is 173.
What is the annual revenue of AgNext?
Annual revenue of AgNext is $46.62M as on Mar 31, 2023.
What does AgNext do?
AgNext was founded in 2016 and is located in Sahibzada Ajit Singh Nagar, India. Operations focus on the agritech sector, where a platform is offered for supply chain oversight. Services include post-harvest procurement assessment and management, inventory monitoring and control, automated quality auditing, and food traceability, enabling farmers to handle various farm activities.
Who are the top competitors of AgNext?
AgNext's top competitors include Allergy Amulet, ClariFruit and FOSS.
What products or services does AgNext offer?
AgNext offers Qualix, Full-stack integrated algorithms, and Hardware platform.
Who are AgNext's investors?
AgNext has 8 investors. Key investors include a-IDEA, Startup Karnataka, The Hashgraph Group, Novo Holdings, and Omnivore.
What is AgNext's valuation?
The valuation of AgNext is $81.79M as of Jun 2024.