About Agricx
Agricx is an Agriculture company based in Thane (India) founded in 2016. AI-based stack solutions are provided for agricultural processes. Agricx has raised $782.01 thousand across 2 funding rounds from investors including Ankur Capital, Pravin Gandhi and IIMA Ventures. Agricx was last valued at $1.26 million in August 2018. Its Indian entity Agricxlab Private Limited reported revenue of ₹49.6 Lakh. Its focus areas include Food and Agriculture Tech, Crop Tech, Post Harvest Management and Quality Testing.
Company details
Agricx was founded in 2016 and is based in Thane, India. AI-driven solutions are offered by the company for the agriculture sector, including Inspect for image-based quality assessment, Procure for digitizing procurement, Spectral for portable spectrometers and hyperspectral devices, and Hardware Integration as an open platform for third-party connections. These tools support operations in production, trading, transportation, and storage for various entities.
- Headquarters Thane, India
- Stage Minicorn
- SectorsAgriculture
- Email••••••••
- Phone•••• ••••
- Website agricx.com
- Social LinkedIn X Facebook
- Legal Name Agricxlab Private Limited
- Date of Incorporation 10 Oct, 2016
- Jurisdiction Mumbai, Maharashtra, India
- Annual Revenue₹49.6 Lakh
FY 2021 · +45% YoY
- Net Loss-₹20.8 Lakh
FY 2021 · -42% margin
- EBITDA-₹18.1 Lakh
FY 2021 · -37% margin
- Total Equity Funding$782.01K (USD)
in 2 rounds
- Latest Funding Round$282.01K (USD), Seed
Aug 2018
- InvestorsAnkur Capital
& 6 more
Associated legal entities of Agricx
Agricx operates through Agricxlab Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2021) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Agricxlab Private Limited CIN U01100MH2016PTC286684 | Active | 10 Oct 2016 | Mumbai, Maharashtra | ₹0.5 Cr | 2 | View details |
Funding Insights of Agricx
Agricx has successfully raised a total of $782.01K across 2 strategic funding rounds. The most recent funding activity was a Seed round of $282.01 thousand completed in August 2018. 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 $782,007
- Total Rounds 2
- Last Round Seed — $282,007
- First Round $500,000
(Sep 2017)
- Investors Count 7
All 2 funding rounds of Agricx 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 |
|---|---|---|---|---|---|
| Aug 2018 | $282,007 | Seed | $1.26M | Ankur Capital, Pravin Ratilal Gandhi | |
| Sep 2017 | $500,000 | Seed | $1.16M | Ankur Capital, Nitesh Kumar |
| Date | Valuation | Stage |
|---|---|---|
| Aug 2018 | $1.26M | •••••••• |
| Sep 2017 | $1.16M | •••••••• |
Last known valuation $1.26M (Aug 2018). 7 investors in total: 2 institutional and 5 angel.
Investors in Agricx
Agricx has secured backing from 7 investors, including venture fund and angel investors. Prominent investors backing the company include Ankur Capital, Pravin Gandhi and IIMA Ventures.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Early-stage investments in digital, climate, and deep science technologies. | 2011 | ankurcapital.com | Mumbai, India | |
Early-stage tech startups are supported via venture capital and acceleration. | iimaventures.com | Ahmedabad, India | ||
PG Pravin Gandhi | unknown_ae8d1dd24c0a475e9 | |||
PR Pravin Ratilal Gandhi | unknown_8b24df1e62e445218 | |||
NK Nitish Kumar | unknown_6478af25cacb41ee8 | |||
SK Swapnil Kumar | unknown_9fd5c759c231486ca | |||
NK Nitesh Kumar | unknown_32a2654ef2154ffaa |
Investor details for Agricx
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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Board of directors of Agricxlab Private Limited (Agricx)
Agricxlab Private Limited is the primary company behind Agricx. The board of Agricxlab Private Limited currently have 2 directors; the longest-serving is Ritesh Jugalkishore Dhoot, appointed in 2016. 1 earlier director has ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Ritesh Jugalkishore Dhoot DIN 05302703 | Director | 10 Oct 2016 | 10 yrs | Agricxlab Private Limited |
| Saurabh Kumar DIN 07616933 | Director | 10 Oct 2016 | 10 yrs | Agricxlab Private Limited |
Financials of Agricx
Figures of Agricxlab Private Limited, the primary company behind Agricx, for FY 2021. Revenue was ₹49.6 Lakh (+45% year on year). Net loss was -₹20.8 Lakh (-42% margin). EBITDA was -₹18.1 Lakh (-37% margin). Revenue has grown at a compounded annual rate of +202% over three years.
- ₹49.6 LakhRevenue · FY 2021 · +45% YoY
- -₹20.8 LakhNet loss · -42% margin
- -₹18.1 LakhEBITDA · -37% margin
- ₹3.4 LakhPaid-up capital
- +202%Revenue CAGR, 3 years
Balance sheet, profit and loss, cash flow and ratios of Agricxlab Private Limited are on its company page.
Detailed financial statements for Agricx
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Verified entity values are shown only after access is granted.
Timeline of Agricx
4 dated milestones of Agricx across 2 years, from founding to its latest funding, stage changes and deals.
- Founded Agricx is founded.
- Funding First funding round of $500K.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Seed, of $282K.
Top companies in Crop Tech & Equipment
3 companies that operate in the same segment as Agricx (Crop Tech & Equipment) in India, 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 | |
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 |
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Related news about Agricx
Complete news archive for Agricx
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Frequently Asked Questions about Agricx
Agricx was founded in 2016 and raised its 1st funding round 1 year after it was founded.
Agricx is headquartered in Thane, India. It is registered at Thane, Maharashtra, India.
Agricx is a funded company, having raised a total of $782.01K across 2 funding rounds to date. The company's 1st funding round was a Seed of $500K, raised on Sep 2017.
The primary company behind Agricx, Agricxlab Private Limited, reported revenue of ₹49.6 Lakh for FY 2021, up 45% year on year.
Agricx was founded in 2016 and is based in Thane, India. AI-driven solutions are offered by the company for the agriculture sector, including Inspect for image-based quality assessment, Procure for digitizing procurement, Spectral for portable spectrometers and hyperspectral devices, and Hardware Integration as an open platform for third-party connections. These tools support operations in production, trading, transportation, and storage for various entities.
Agricx has 7 investors. Key investors include Ankur Capital, Pravin Gandhi, IIMA Ventures, Pravin Ratilal Gandhi, and Nitish Kumar.
The valuation of Agricx is $1.26M as of Aug 2018.
Agricx operates through Agricxlab Private Limited.
The legal entities of Agricx currently have 2 directors, including Ritesh Jugalkishore Dhoot, Saurabh Kumar.