About Cornext
Cornext is an Agriculture company based in Hyderabad (India) founded in 2015 by Mohammed Feroz Ahmed, Feroz Ahmed, Madhav Kshatriya, and Amarnath Sarangula. Silage balers are manufactured by Cornext, an Indian Agri-Tech firm. Cornext has raised $3.03 million across 8 funding rounds from investors including Startup India, Omnivore and Prashanth Kumar Panuganti. The company has 47 employees. Cornext was last valued at $5.86 million in September 2020. Its chief executive, as recorded, is Madhav Kshatriya. Its Indian entity Cornext Agri Products Private Limited reported revenue of ₹59.65 Cr. Cornext offers products and services including Mini Silage Baler MSB500 AT Pro, Corn Silage Bales, and Single Row Maize Harvester. Its focus areas include Food and Agriculture Tech, Livestock Tech, Feeding and Silage Baler.
Company details
Cornext was founded in 2015 as an Agri-Tech company in Hyderabad, India. Silage balers are produced by the firm for agricultural applications. Operations focus on manufacturing equipment tailored to farming needs in the region. The company is directed by a team of co-founders, including Madhav Kshatriya as CEO. Activities are centered in the Indian market, supporting local agricultural practices through specialized machinery.
- Headquarters Hyderabad, India
- Employees 47
- Founders Mohammed Feroz Ahmed, Feroz Ahmed, Madhav Kshatriya, Amarnath Sarangula
- Stage Minicorn
- SectorsAgriculture
- Email••••••••
- Phone•••• ••••
- Website cornext.in
- Social LinkedIn X Facebook Instagram YouTube
- Legal Name Cornext Agri Products Private Limited
- Date of Incorporation 21 Jul, 2015
- Jurisdiction Guntur, Andhra Pradesh, India
- Annual Revenue₹59.65 Cr
FY 2026 · +85% YoY
- Net Profit₹61.9 Lakh
FY 2026 · 1% margin
- EBITDA₹1.78 Cr
FY 2026 · 3% margin
- Total Equity Funding$3.03M (USD)
in 8 rounds
- Latest Funding Round$2.2M (USD), Seed
May 2024
- InvestorsStartup India
& 13 more
- Employee Count47
Associated legal entities of Cornext
Cornext operates through Cornext Agri Products Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2026) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Cornext Agri Products Private Limited CIN U15122AP2015PTC097020 | Active | 21 Jul 2015 | Guntur, Andhra Pradesh | ₹59.6 Cr | 31 | 2 | View details |
Products & Services of Cornext
Cornext offers a comprehensive portfolio of products and services, including Mini Silage Baler MSB500 AT Pro, Corn Silage Bales, and Single Row Maize Harvester.
Machine for baling silage to preserve fodder for dairy farms.
Nutritious preserved fodder available year-round for livestock nutrition.
Device for efficient maize harvesting with low maintenance and high performance.
Apps and channels of Cornext
its YouTube channel Cornext has 4.9K subscribers and 30 videos.
Videos from Cornext
The most watched videos on Cornext's YouTube channel, Cornext (4.9K subscribers). Click a video to play it here.
More on Cornext.
Funding Insights of Cornext
Cornext has successfully raised a total of $3.03M across 8 strategic funding rounds. The most recent funding activity was a Seed round of $2.2 million completed in May 2024. 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 $3.03M
- Total Rounds 8
- Last Round Seed — $2.2M
- First Round $30,852
(Oct 2015)
- Investors Count 14
All 8 funding rounds of Cornext 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 |
|---|---|---|---|---|---|
| May 2024 | $2.2M | Seed | – | – | |
| Sep 2020 | $14,655 | Angel Round | $5.86M | Prashanth Kumar Panuganti | – |
| May 2020 | Grant | – | – | ||
| Mar 2019 | $432,291 | Seed | $6.18M | Manikanta Nutakki, Nutcap | – |
| Mar 2017 | $231,111 | Angel Round | $••••• | Rama Gopal NVS Sannidhi | |
| Oct 2016 | $75,010 | Angel Round | $••••• | Kodali Swayam Prakash | |
| Oct 2015 | $45,914 | Angel Round | $••••• | Narra Srikanth | |
| Oct 2015 | $30,852 | Angel Round | $••••• | Ram Kumar Chilukuri | – |
| Date | Valuation | Stage |
|---|---|---|
| Sep 2020 | $5.86M | •••••••• |
| Mar 2019 | $6.18M | •••••••• |
| Mar 2017 | $••••• | •••••••• |
| Oct 2016 | $••••• | •••••••• |
Full valuation and stage history of Cornext
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 $5.86M (Sep 2020). 14 investors in total: 3 institutional and 11 angel.
Investors in Cornext
Cornext has secured backing from 14 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include Startup India, Omnivore and Prashanth Kumar Panuganti.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Agritech startups are funded by Omnivore, a venture capital entity. | omnivore.vc | Mumbai, India | ||
Recognition, funding, and resources are provided to Indian startups. | 2016 | startupindia.gov.in | Delhi, India | |
PK Prashanth Kumar Panuganti | unknown_1d5ae535e6a940108 | |||
MN Manikanta Nutakki | unknown_3da5690501a6401fa | |||
CS Chundruvenkata Sri Harsha | unknown_88a5d3236a454e64b | |||
RG Rama Gopal NVS Sannidhi | unknown_f8fb4dcaef154e0bb | |||
AG Alla Gopalakrishna Gokhale | unknown_e87e13207f944c1eb | |||
KS Kodali Swayam Prakash | unknown_86b24c438bda46b7b | |||
LN Lakshmi Narasimha Rao Bonagini | unknown_3788372268b349899 |
Investor details for Cornext
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
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Verified entity values are shown only after access is granted.
Board of directors of Cornext Agri Products Private Limited (Cornext)
Cornext Agri Products Private Limited is the primary company behind Cornext. The board of Cornext Agri Products Private Limited currently have 2 directors; the longest-serving is Mahmed Feroz Ahamed, appointed in 2015. 3 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Mahmed Feroz Ahamed DIN 07237105 | Director | 21 Jul 2015 | 11 yrs 3 mo | Cornext Agri Products Private Limited |
| Madhav Kshatriya DIN 03538649 | Managing Director | 02 Sep 2016 | 10 yrs 2 mo | Cornext Agri Products Private Limited |
People of Cornext
4 people are tracked at Cornext (4 in leadership); the tracked headcount is 47.
| Name | Role | Group |
|---|---|---|
Mohammed Feroz Ahmed | Co-Founder & Director | Leadership |
Feroz Ahmed | Co-Founder | Leadership |
| Co-Founder & CEO | Leadership | |
| Co-Founder & Director | Leadership |
Complete people profiles for Cornext
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Financials of Cornext
Figures of Cornext Agri Products Private Limited, the primary company behind Cornext, for FY 2026. Revenue was ₹59.65 Cr (+85% year on year). Net profit was ₹61.9 Lakh (1% margin). EBITDA was ₹1.78 Cr (3% margin). Revenue has grown at a compounded annual rate of +37% over three years and +42% over five years.
- ₹59.65 CrRevenue · FY 2026 · +85% YoY
- ₹61.9 LakhNet profit · 1% margin
- ₹1.78 CrEBITDA · 3% margin
- ₹66.2 LakhPaid-up capital
- 31Employees (provident fund records)
- +37%Revenue CAGR, 3 years
- +42%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Cornext Agri Products Private Limited are on its company page.
Detailed financial statements for Cornext
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
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- Five-year trends
- Downloads
Verified entity values are shown only after access is granted.
Timeline of Cornext
4 dated milestones of Cornext across 9 years, from founding to its latest funding, stage changes and deals.
- Founded Cornext is founded.
- Funding First funding round of $31K.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Seed, of $2.2M.
Web traffic of Cornext
The website of Cornext (cornext.in) receives about 1.8K visits a month.
- Monthly visits1.8K
▼ 1.4% vs previous month
Websites whose visitors overlap most with Cornext. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| silageagro.com | 100% | View details |
Top companies in Livestock Tech & Equipment
3 companies that operate in the same segment as Cornext (Livestock Tech & Equipment) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Online app-based retailer for meat and poultry products | 2016 | Chennai, Tamil Nadu, India | USD 38.06 M | USD 15.99 M | 1,208 | |
Meat and poultry products are retailed online by FreshToHome. | 2015 | Bengaluru, Karnataka, India | USD 302 M | USD 52.02 M | 302 | |
Processor and retailer of meat products | 2016 | Chennai, Tamil Nadu, India | USD 9.73 M | USD 4.82 M | 132 |
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Related news about Cornext
Complete news archive for Cornext
Full article history, source details, and older brand coverage require an active premium plan.
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Verified entity values are shown only after access is granted.
Articles about Cornext on our blog
- Startups awarded for animal husbandry29 May 2020
Frequently Asked Questions about Cornext
Cornext was founded in 2015.
Cornext is headquartered in Hyderabad, India. It is registered at Hyderabad, Telangana, India.
Madhav Kshatriya is the CEO of Cornext, as recorded in our data. They have also founded this company.
Cornext is a funded company, having raised a total of $3.03M across 8 funding rounds to date. The company's 1st funding round was a Angel Round of $30.85K, raised on Oct 2015.
Cornext has 47 employees.
The primary company behind Cornext, Cornext Agri Products Private Limited, reported revenue of ₹59.65 Cr for FY 2026, up 85% year on year.
Cornext was founded in 2015 as an Agri-Tech company in Hyderabad, India. Silage balers are produced by the firm for agricultural applications. Operations focus on manufacturing equipment tailored to farming needs in the region. The company is directed by a team of co-founders, including Madhav Kshatriya as CEO. Activities are centered in the Indian market, supporting local agricultural practices through specialized machinery.
Cornext offers Mini Silage Baler MSB500 AT Pro, Corn Silage Bales, and Single Row Maize Harvester.
Cornext has 14 investors. Key investors include Startup India, Omnivore, Prashanth Kumar Panuganti, Manikanta Nutakki, and Nutcap.
The valuation of Cornext is $5.86M as of Sep 2020.
Cornext operates through Cornext Agri Products Private Limited.
The legal entities of Cornext currently have 2 directors, including Madhav Kshatriya, Mahmed Feroz Ahamed.