About Farmguide
Farmguide is an Agriculture company based in Gurugram (India) founded in 2014 by Monika Toshniwal, and was acquired by DeHaat in February 2021. Cloud-based software is provided for farm management and stakeholder integration. It operates in the Agriculture and Technology sectors. Farmguide has raised $1.86 million across 6 funding rounds from investors including DeHaat, Indigram Labs and Prasad Seeds. The company has 37 employees. Farmguide was last valued at $10.92 million in December 2020. The company was acqui-hired. Its focus areas include Food and Agriculture Tech, Crop Tech, Content Platforms and Data as a Service. Its legal entity in India is Lennon Agritech Private Limited (U74120HR2016PTC074833).
Company details
Farmguide was founded in 2014 in Gurugram, India, within the agritech sector. Cloud-based software is offered for farm management, integrating stakeholders including government entities, seed and fertilizer suppliers, machinery providers, and financial institutions on a digital platform. Guidance is provided through digital information for the formation, implementation, marketing, monitoring, and assessment of agricultural policies. Data-driven insights into markets are enabled for these stakeholders.
- Headquarters Gurugram, India
- Employees 37
- Founders Monika Toshniwal
- Stage Acquired
- SectorsAgricultureTechnology
- Phone•••• ••••
- Website farmguide.in
- Social X
- Acquired by DeHaat (Feb 2021)
- Legal Name Lennon Agritech Private Limited
- Date of Incorporation 21 Mar, 2016
- Jurisdiction Gurugram, Haryana, India
Associated legal entities of Farmguide
Farmguide operates through Lennon Agritech 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 |
|---|---|---|---|---|---|---|---|
| Lennon Agritech Private Limited CIN U74120HR2016PTC074833 | Active | 21 Mar 2016 | Gurugram, Haryana | ₹0.0 Cr | 37 | 2 | View details |
Funding Insights of Farmguide
Farmguide has successfully raised a total of $1.86M across 6 strategic funding rounds. The most recent funding activity was a Angel Round of $47.39 thousand completed in December 2020. 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 $1.86M
- Total Rounds 6
- Last Round Angel Round — $47,389
- First Round $281,563
(Jun 2016)
- Investors Count 21
All 6 funding rounds of Farmguide 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 |
|---|---|---|---|---|---|
| Dec 2020 | $47,389 | Angel Round | $10.92M | Shantanu Jain | – |
| May 2019 | $207,518 | Angel Round | $12.28M | – | |
| Jul 2018 | Grant | – | – | ||
| Apr 2018 | $760,653 | Seed | $••••• | Prasad Seeds | |
| Apr 2017 | $562,575 | Seed | $••••• | Radiant Haroti | |
| Jun 2016 | $281,563 | Seed | $••••• | Vaidaangi Techno Management Consultants |
| Date | Valuation | Stage |
|---|---|---|
| Dec 2020 | $10.92M | •••••••• |
| May 2019 | $12.28M | •••••••• |
| Apr 2018 | $••••• | •••••••• |
| Apr 2017 | $••••• | •••••••• |
| Jun 2016 | $••••• | •••••••• |
Full valuation and stage history of Farmguide
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 $10.92M (Dec 2020). 22 investors in total: 7 institutional and 15 angel.
Investors in Farmguide
Farmguide has secured backing from 22 investors, including angel, venture fund, and institutional investors. Prominent investors backing the company include DeHaat, Indigram Labs and Prasad Seeds.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Promotion of innovation and digital services in Maharashtra. | 2017 | msins.in | Mumbai, India | |
Incubation and support for startups in agritech, foodtech, clean tech, and rural healthcare sectors. | 2016 | indigramlabs.org | Delhi, India | |
Supplies fertilizers and pesticides products for agricultural needs. | prasadseeds.com | Ranga Reddy, India | ||
Services in E-Governance, skill development, and digital marketing across India. | 2002 | radiantharoti.com | Delhi, India | |
Provides comprehensive management consulting services to businesses across various industries. | 2004 | vaidaangi.com | Kota, India | |
Manufacturer of basic iron & steel products | gopalspongeandpower.tcc.mode | Raipur, India | ||
DeHaat is recognized as an online marketplace for farmers. | 2012 | agrevolution.in | Patna, India | |
SJ Shantanu Jain | Angel investor and entrepreneur, co-founder of Good Host Spaces, active in hospitality | unknown_1ca5ba81c64d4274a | ||
AA Ankur Agarwal | unknown_e0d05f560a7a47179 | |||
KR Kailash Rathi | unknown_2b453467e46c4e908 |
Investor details for Farmguide
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
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Verified entity values are shown only after access is granted.
Board of directors of Lennon Agritech Private Limited (Farmguide)
Lennon Agritech Private Limited is the primary company behind Farmguide. The board of Lennon Agritech Private Limited currently have 2 directors; the longest-serving is Neeraj Sharma, appointed in 2016. 5 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Neeraj Sharma DIN 01566996 | Director | 02 Jun 2016 | 10 yrs 4 mo | Lennon Agritech Private Limited |
| Hemanth Kumar Karumanchi DIN 00060449 | Director | 07 Jan 2019 | 7 yrs 9 mo | Lennon Agritech Private Limited |
People of Farmguide
1 people are tracked at Farmguide (1 in leadership); the tracked headcount is 37.
| Name | Role | Group |
|---|---|---|
| Co-Founder | Leadership |
Complete people profiles for Farmguide
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 Farmguide
Figures of Lennon Agritech Private Limited, the primary company behind Farmguide, for FY 2024. Revenue was ₹1,000 (-100% year on year). Net loss was -₹2.6 Lakh (-25680% margin). EBITDA was -₹2.5 Lakh (-24481% margin). Revenue has grown at a compounded annual rate of -97% over three years and -84% over five years.
- ₹1,000Revenue · FY 2024 · -100% YoY
- -₹2.6 LakhNet loss · -25680% margin
- -₹2.5 LakhEBITDA · -24481% margin
- ₹2.4 LakhPaid-up capital
- 37Employees (provident fund records)
- -97%Revenue CAGR, 3 years
- -84%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Lennon Agritech Private Limited are on its company page.
Detailed financial statements for Farmguide
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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- Downloads
Verified entity values are shown only after access is granted.
Timeline of Farmguide
5 dated milestones of Farmguide across 7 years, from founding to its latest funding, stage changes and deals.
- Founded Farmguide is founded.
- Funding First funding round of $282K.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Angel Round, of $47K.
- Exit Acquired by DeHaat.
Top companies in Crop Tech & Equipment
3 companies that operate in the same segment as Farmguide (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 Farmguide
Complete news archive for Farmguide
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Frequently Asked Questions about Farmguide
Farmguide was founded in 2014 and raised its 1st funding round 2 years after it was founded.
Farmguide is headquartered in Gurugram, India. It is registered at Gurugram, Haryana, India.
Farmguide is a funded company, having raised a total of $1.86M across 6 funding rounds to date. The company's 1st funding round was a Seed of $281.56K, raised on Jun 2016.
Farmguide has 37 employees.
The primary company behind Farmguide, Lennon Agritech Private Limited, reported revenue of ₹1,000 for FY 2024, down 100% year on year.
Farmguide was founded in 2014 in Gurugram, India, within the agritech sector. Cloud-based software is offered for farm management, integrating stakeholders including government entities, seed and fertilizer suppliers, machinery providers, and financial institutions on a digital platform. Guidance is provided through digital information for the formation, implementation, marketing, monitoring, and assessment of agricultural policies. Data-driven insights into markets are enabled for these stakeholders.
Farmguide has 22 investors. Key investors include DeHaat, Indigram Labs, Prasad Seeds, Maharashtra State Innovation Society, and Radiant Haroti.
The valuation of Farmguide is $10.92M as of Dec 2020.
Farmguide operates through Lennon Agritech Private Limited.
Yes. Farmguide was acquired by DeHaat in February 2021.
The legal entities of Farmguide currently have 2 directors, including Neeraj Sharma, Hemanth Kumar Karumanchi.