About Agribid
Agribid is a company based in Mumbai (India) founded in 2020 by Ashutosh Mishra, Manoj Ramappa Suvarna, and Chetan Ramappa Suvarna. Agribid has raised $3.41 million across 3 funding rounds from investors including India Accelerator, East Bridge and Almas Capital. The company has 1 employees. Agribid operates in a competitive market with competitors including HyperPure, WayCool, FarMart, Ninjacart and Jumbotail, among others.
- Headquarter Mumbai, India
- Employees 1
- Founders Ashutosh Mishra, Manoj Ramappa Suvarna, Chetan Ramappa Suvarna
- Stage Minicorn
- SectorsAgricultureRetail
- Email••••••••
- Phone•••• ••••
- Website agribidindia.com
- Social LinkedIn Facebook
- Legal Name Agribid Private Limited
- Date of Incorporation 20 Oct, 2020
- Jurisdiction Mumbai, Maharashtra, India
- Annual Revenue₹12.50 Cr
FY 2024 · +349% YoY
- Net Profit₹56.5 Lakh
FY 2024 · 5% margin
- EBITDA₹1.53 Cr
FY 2024 · 12% margin
- Total Equity Funding$3.41M (USD)
in 3 rounds
- Latest Funding Round$3.03M (USD), Series A
Jun 2023
- InvestorsIndia Accelerator
& 6 more
- Employee Count1
Associated legal entities of Agribid
Agribid operates through Agribid Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Agribid Private Limited CIN U01409MH2020PTC348320 | Active | 20 Oct 2020 | Mumbai, Maharashtra | ₹12.5 Cr | – | 3 | View details |
Funding Insights of Agribid
Agribid has successfully raised a total of $3.41M across 3 strategic funding rounds. The most recent funding activity was a Series A round of $3.03 million completed in June 2023. 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 $3.41M
- Total Rounds 3
- Last Round Series A — $3.03M
- First Round $182,200
(Apr 2022)
- Investors Count 7
All 3 funding rounds of Agribid with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun 2023 | $3.03M | Series A | $62.32M | East Bridge | |
| Nov 2022 | $202,200 | Seed | $60.03M | Almas Capital | – |
| Apr 2022 | $182,200 | Angel Round | $••••• | Deepak Sudan, Vivek Anand Oberoi |
| Date | Valuation | Stage |
|---|---|---|
| Jun 2023 | $62.32M | •••••••• |
| Nov 2022 | $60.03M | •••••••• |
| Apr 2022 | $••••• | •••••••• |
Full valuation and stage history of Agribid
Every valuation point, the growth-stage changes (minicorn, soonicorn, unicorn) and the dates behind them require an active premium plan.
- All valuation points
- Stage changes
- Dates
- Exports
Verified entity values are shown only after access is granted.
Last known valuation $62.32M (Jun 2023). 7 investors in total: 3 institutional and 4 angel.
Investors in Agribid
Agribid has secured backing from 7 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include India Accelerator, East Bridge and Almas Capital.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
- | – | eastbridge.tcc.mode | - | |
Startup acceleration, funding, and mentorship services are delivered by India Accelerator. | 2017 | indiaaccelerator.co | Gurugram, India | |
Renewable energy M&A advisory services are provided by Almas Capital. | – | almascaps.com | Dubai, United Arab Emirates | |
DS Deepak Sudan | - | – | unknown_61cff615d11d4560b | - |
MK Manoj Krishna Shukla | - | – | unknown_baf416824ec34fb9b | - |
VA Vivek Anand Oberoi | - | – | unknown_1f73cc0e80044bc6a | - |
MS Manoj Shukla | - | – | unknown_63d9d462544a49818 | - |
Investor details for Agribid
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Board of directors of Agribid Private Limited (Agribid)
Agribid Private Limited is the primary company behind Agribid. The board of Agribid Private Limited currently have 3 directors; the longest-serving is Manoj Ramappa Suvarna, appointed in 2020. 2 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Manoj Ramappa Suvarna DIN 08927540 | Director | 20 Oct 2020 | 5 yrs 11 mo | Agribid Private Limited |
| Chetan Ramappa Suvarna DIN 08096499 | Director | 20 Oct 2020 | 5 yrs 11 mo | Agribid Private Limited |
| Ashutosh Mishra DIN 03492028 | Managing Director | 24 Nov 2021 | 4 yrs 10 mo | Agribid Private Limited |
People of Agribid
4 people are tracked at Agribid (4 in leadership); the tracked headcount is 1.
| Name | Role | Group |
|---|---|---|
| Co-Founder & CEO | Leadership | |
| Co-Founder | Leadership | |
| Co-Founder | Leadership | |
Vivek Anand Oberoi | CSO | Leadership |
Complete people profiles for Agribid
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
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- Professional contacts
Verified entity values are shown only after access is granted.
Financials of Agribid
Figures of Agribid Private Limited, the primary company behind Agribid, for FY 2024. Revenue was ₹12.50 Cr (+349% year on year). Net profit was ₹56.5 Lakh (5% margin). EBITDA was ₹1.53 Cr (12% margin). Revenue has grown at a compounded annual rate of +357% over three years.
- ₹12.50 CrRevenue · FY 2024 · +349% YoY
- ₹56.5 LakhNet profit · 5% margin
- ₹1.53 CrEBITDA · 12% margin
- ₹3.27 CrPaid-up capital
- +357%Revenue CAGR, 3 years
Balance sheet, profit and loss, cash flow and ratios of Agribid Private Limited are on its company page.
Detailed financial statements for Agribid
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
- Financial ratios
- Five-year trends
- Downloads
Verified entity values are shown only after access is granted.
Timeline of Agribid
4 dated milestones of Agribid across 3 years, from founding to its latest funding, stage changes and deals.
- Founded Agribid is founded.
- Funding First funding round of $182K.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Series A, of $3.0M.
Competitors of Agribid
Agribid 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 HyperPure, WayCool, FarMart, Ninjacart and Jumbotail, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| hyperpure.com | 2015 | Delhi, India | $1.11M | 3,302 | Food industry ingredients are supplied via a B2B platform. | |
| waycool.in | 2015 | Chennai, India | $365.53M | 164 | Provider of food supply chain management and farming solutions. | |
| farmart.co | 2015 | Gurugram, India | $51.11M | 296 | SaaS-based B2B solutions for food supply chains are provided. | |
| ninjacart.com | 2015 | Bengaluru, India | $507.77M | 1,103 | B2B platform offering vegetables and fruits | |
| jumbotail.com | 2015 | Bengaluru, India | $279.36M | 437 | B2B marketplace platform connecting retailers with brands and staples producers | |
| apnaklub.com | 2019 | Bengaluru, India | $32.59M | 388 | Local wholesale businesses are facilitated via an e-distribution platform. | |
| vegrow.in | 2020 | Bengaluru, India | $86.53M | 476 | Online B2B marketplace that connects farmers with businesses to supply fresh produce | |
| shopkirana.com | 2015 | Indore, India | $59.21M | 277 | Provider of B2B procurement platform for grocery retailers | |
| poshn.co | 2020 | India | $7.96M | 75 | Provider of suite of services for businesses | |
| tridge.com | 2015 | Seoul, South Korea | $121.36M | – | Farm products are traded via an online B2B marketplace. |
Detailed competitors of Agribid
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Web traffic of Agribid
The website of Agribid (agribidindia.com) receives about 1.3K visits a month.
- Monthly visits1.3K
▲ 45.9% vs previous month
Latest news on Agribid
Complete news archive for Agribid
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
Similar companies to Agribid
10 companies that operate in the same segment as Agribid (Crop Tech & Equipment), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Provider of climate-smart deeptech solutions for renewable energy and sustainable agriculture | 2010 | Pune, Maharashtra, India | USD 76.38 M | USD 56.11 M | 702 | |
Cannabis products are provided to support consumer wellness and health. | 2013 | Smiths Falls, Ontario, Canada | – | USD 204.24 M | 960 | |
Provider of plant-based food ingredients | 2012 | St. Louis, Missouri, United States | USD 406.99 M | USD 470 M | – | |
Robotic equipment for automating weeding on vegetable farms is developed. | 2016 | San Francisco, California, United States | USD 139.96 M | – | 73 | |
Provider of farmers networking platform | 2014 | San Carlos, California, United States | USD 983.39 M | – | – | |
Manufacturer and distributor of irrigation equipment | 1963 | Jalgaon, Maharashtra, India | – | USD 679.04 M | 12,280 | |
AgroStar is engaged in providing agricultural products and solutions. | 2013 | Pune, Maharashtra, India | USD 208.82 M | USD 31.86 M | 1,249 | |
Crop protection solutions and hybrid seeds are provided for farming. | 2000 | Basel, Basel-stadt, Switzerland | – | – | – | |
SaaS-based B2B solutions for food supply chains are provided. | 2015 | Gurugram, Haryana, India | USD 51.11 M | USD 124.42 M | 373 | |
DeHaat is recognized as an online marketplace for farmers. | 2012 | Patna, Bihar, India | USD 223.57 M | USD 240.09 M | 2,011 |
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Frequently Asked Questions about Agribid
Agribid was founded in 2020 and raised its 1st funding round 2 years after it was founded.
Agribid is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Ashutosh Mishra is the current CEO of Agribid. They have also founded this company.
Agribid is a funded company, having raised a total of $3.41M across 3 funding rounds to date. The company's 1st funding round was a Angel Round of $182.2K, raised on Apr 2022.
Agribid has 1 employees.
The primary company behind Agribid, Agribid Private Limited, reported revenue of ₹12.50 Cr for FY 2024, up 349% year on year.
Agribid was founded in 2020 in Mumbai, India, as a provider of a cloud-based business-to-business platform focused on agricultural commodities. Sellers are enabled to post products with quoted prices, while buyers place bids on available items such as vegetables, pulses, and seeds. Operations facilitate trading through an online bidding system, serving the agricultural sector across India.
Agribid has 7 investors. Key investors include India Accelerator, East Bridge, Almas Capital, Deepak Sudan, and Manoj Krishna Shukla.
The valuation of Agribid is $62.32M as of Jun 2023.
Agribid operates through Agribid Private Limited.
The legal entities of Agribid currently have 3 directors, including Manoj Ramappa Suvarna, Chetan Ramappa Suvarna, Ashutosh Mishra.