About Agrograde
Agrograde is an Agriculture company based in Mumbai (India) founded in 2017 by Rakeshkumar Barai and Kshitij Shrawan Thakur. Provider of AI-enabled crop sorting and grading machines. Agrograde has raised $170.36 thousand across 3 funding rounds from investors including Villgro, Social Alpha and IIMA Ventures. Agrograde was last valued at $1.21 million in July 2021. Its chief executive, as recorded, is Kshitij Shrawan Thakur. Its Indian entity Occipital Technologies Private Limited reported revenue of ₹69.6 Lakh. Agrograde offers products and services including Agrograde App and Agrograde Machine. Its focus areas include Food and Agriculture Tech, Crop Tech, Post Harvest Management and Crop Sorting Equipment. Its competitors include Marsh Harrier, RKG Enterprises and Unique Sorter.
Company details
Agrograde was founded in 2017 in Mumbai, India, within the agritech sector. AI technology integrated with cameras and sensors is utilized by the company to sort and grade fruits and vegetables according to size, quality, shape, and defects. A cloud-based platform and mobile application are also offered for reviewing produce and generating reports. Operations focus on agricultural processing efficiency in the region.
- Headquarters Mumbai, India
- Founders Rakeshkumar Barai, Kshitij Shrawan Thakur
- Stage Minicorn
- SectorsAgriculture
- Email••••••••
- Phone•••• ••••
- Website agrograde.com
- Social LinkedIn
- Legal Name Occipital Technologies Private Limited
- Date of Incorporation 10 Feb, 2017
- Jurisdiction Navi Mumbai, Maharashtra, India
- Annual Revenue₹69.6 Lakh
FY 2024 · +174% YoY
- Net Loss-₹29.8 Lakh
FY 2024 · -43% margin
- EBITDA-₹22.9 Lakh
FY 2024 · -33% margin
- Total Equity Funding$170.36K (USD)
in 3 rounds
- InvestorsVillgro
& 5 more
Associated legal entities of Agrograde
Agrograde operates through Occipital Technologies 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 |
|---|---|---|---|---|---|---|---|
| Occipital Technologies Private Limited CIN U72900MH2017PTC291046 | Active | 10 Feb 2017 | Navi Mumbai, Maharashtra | ₹0.7 Cr | 1 | 2 | View details |
Products & Services of Agrograde
Agrograde offers a comprehensive portfolio of products and services, including Agrograde App and Agrograde Machine.
App that generates reports on fruit and vegetable quality for better sales negotiations.
AI machine sorts fruits and vegetables by size, shape, and defects without damage.
Funding Insights of Agrograde
Agrograde has successfully raised a total of $170.36K across 3 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 $170,357
- Total Rounds 3
- First Round $87,210
(Jul 2019)
- Investors Count 6
All 3 funding rounds of Agrograde 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 |
|---|---|---|---|---|---|
| Jul 2022 | Seed | – | Social Alpha, Villgro | ||
| Jul 2021 | $83,147 | Seed | $1.21M | Impact Innovators and Entrepreneurs Foundation | |
| Jul 2019 | $87,210 | Seed | $376,903 | Aligned Partners Venture Services | – |
| Date | Valuation | Stage |
|---|---|---|
| Jul 2021 | $1.21M | •••••••• |
Last known valuation $1.21M (Jul 2021). 6 investors in total: 5 institutional and 1 angel.
Investors in Agrograde
Agrograde has secured backing from 6 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Villgro, Social Alpha and IIMA Ventures.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Sustainable startups are supported via innovation curation and venture funding. | socialalpha.org | Bengaluru, India | ||
Incubation of social enterprises in climate-smart agriculture, healthcare, and climate action sectors. | 2001 | villgro.org | Chennai, India | |
Early-stage tech startups are supported via venture capital and acceleration. | iimaventures.com | Ahmedabad, India | ||
Early-stage US tech investments are made by Aligned Partners. | alignedvc.com | Menlo Park, United States | ||
Lives of disadvantaged populations are supported through innovation and entrepreneurship. | Wilmington, United States | |||
KS Kshitij Shrawan Thakur | unknown_5f4d46ad353c46abb |
Investor details for Agrograde
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Board of directors of Occipital Technologies Private Limited (Agrograde)
Occipital Technologies Private Limited is the primary company behind Agrograde. The board of Occipital Technologies Private Limited currently have 2 directors; the longest-serving is Kshitij Shrawan Thakur, appointed in 2017. 4 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Kshitij Shrawan Thakur DIN 07734142 | Director | 10 Feb 2017 | 9 yrs 8 mo | Occipital Technologies Private Limited |
| Rakeshkumar Shriniwas Barai DIN 10072515 | Director | 30 Nov 2023 | 2 yrs 11 mo | Occipital Technologies Private Limited |
People of Agrograde
2 people are tracked at Agrograde (2 in leadership).
| Name | Role | Group |
|---|---|---|
| Co-Founder | Leadership | |
| Co-Founder & CEO | Leadership |
Complete people profiles for Agrograde
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Financials of Agrograde
Figures of Occipital Technologies Private Limited, the primary company behind Agrograde, for FY 2024. Revenue was ₹69.6 Lakh (+174% year on year). Net loss was -₹29.8 Lakh (-43% margin). EBITDA was -₹22.9 Lakh (-33% margin). Revenue has grown at a compounded annual rate of +171% over three years and +72% over five years.
- ₹69.6 LakhRevenue · FY 2024 · +174% YoY
- -₹29.8 LakhNet loss · -43% margin
- -₹22.9 LakhEBITDA · -33% margin
- ₹1.9 LakhPaid-up capital
- 1Employees (provident fund records)
- +171%Revenue CAGR, 3 years
- +72%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Occipital Technologies Private Limited are on its company page.
Detailed financial statements for Agrograde
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Timeline of Agrograde
4 dated milestones of Agrograde across 5 years, from founding to its latest funding, stage changes and deals.
- Founded Agrograde is founded.
- Funding First funding round of $87K.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Seed,.
Competitors of Agrograde
Agrograde has 3 listed competitors in our database. They include Marsh Harrier, RKG Enterprises and Unique Sorter.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| marshharrier.in | 2017 | Ahmedabad, India | 36 | Manufacturer and supplier of grading and sorting equipment | ||
| rkgenterprises.co.in | 1992 | Delhi, India | 629 | Supplies and markets color sorter machines for grains and tea globally. | ||
| uniquesorter.co.in | 2016 | Sonipat, India | 29 | Manufactures and supplies crop sorting equipment for agricultural applications. |
Detailed competitors of Agrograde
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Top companies in Crop Tech & Equipment
3 companies that operate in the same segment as Agrograde (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 Agrograde
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Frequently Asked Questions about Agrograde
Agrograde was founded in 2017 and raised its 1st funding round 2 years after it was founded.
Agrograde is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Kshitij Shrawan Thakur is the CEO of Agrograde, as recorded in our data. They have also founded this company.
Agrograde is a funded company, having raised a total of $170.36K across 3 funding rounds to date. The company's 1st funding round was a Seed of $87.21K, raised on Jul 2019.
The primary company behind Agrograde, Occipital Technologies Private Limited, reported revenue of ₹69.6 Lakh for FY 2024, up 174% year on year.
Agrograde was founded in 2017 in Mumbai, India, within the agritech sector. AI technology integrated with cameras and sensors is utilized by the company to sort and grade fruits and vegetables according to size, quality, shape, and defects. A cloud-based platform and mobile application are also offered for reviewing produce and generating reports. Operations focus on agricultural processing efficiency in the region.
Agrograde's top competitors include Marsh Harrier, RKG Enterprises and Unique Sorter.
Agrograde offers Agrograde App and Agrograde Machine.
Agrograde has 6 investors. Key investors include Villgro, Social Alpha, IIMA Ventures, Impact Innovators and Entrepreneurs Foundation, and Kshitij Shrawan Thakur.
The valuation of Agrograde is $1.21M as of Jul 2021.
Agrograde operates through Occipital Technologies Private Limited.
The legal entities of Agrograde currently have 2 directors, including Rakeshkumar Shriniwas Barai, Kshitij Shrawan Thakur.