About GreyMatter Technologies
GreyMatter Technologies is an Agriculture company based in Mumbai (India) founded in 2018 by Neetesh Singh Thakur. It operates as a provider of farm loans. It operates in the Agriculture and Financial Services sectors. GreyMatter Technologies has raised $408.02 thousand across 4 funding rounds from investors including European Union, July Ventures and Chattanathan Devarajan. The company has 44 employees. GreyMatter Technologies was last valued at $1.73 million in April 2023. Its Indian entity Greymatter Technologies Private Limited reported revenue of ₹75.3 Lakh. GreyMatter Technologies offers products and services including Agricultural Inputs Delivery, Agri-Advisory Services, and Post-Harvest Support. Its focus areas include Food and Agriculture Tech, Crop Tech, Farming as a Service and Tech Enabled Services. Its competitors include DeHaat, Ayekart, StarAgri, Semaai and Origo Commodities and 3 more; 8 of its 8 listed competitors have raised funding.
Company details
GreyMatter Technologies was founded in 2018 in Mumbai, India, operating in the agricultural finance sector. Farm loans are extended to financing companies, farmers, and agri-input suppliers to address credit risks. Services encompass affordable financing options, active management of assets to verify loan usage, and promotion of soil health through research-supported and data-driven farming methods.
- Headquarters Mumbai, India
- Employees 44
- Founders Neetesh Singh Thakur
- Stage Minicorn
- SectorsAgricultureFinancial Services
- Website greymattertech.in
- Legal Name Greymatter Technologies Private Limited
- Date of Incorporation 24 Mar, 2021
- Jurisdiction New Delhi, Delhi, India
- Annual Revenue₹75.3 Lakh
FY 2024 · +44% YoY
- Net Loss-₹1.06 Cr
FY 2024 · -140% margin
- EBITDA-₹80.8 Lakh
FY 2024 · -107% margin
- Total Equity Funding$408.02K (USD)
in 4 rounds
- Latest Funding Round$61K (USD), Seed
Apr 2023
- InvestorsEuropean Union
& 16 more
- Employee Count44
Associated legal entities of GreyMatter Technologies
GreyMatter Technologies operates through Greymatter 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 |
|---|---|---|---|---|---|---|---|
| Greymatter Technologies Private Limited CIN U01100DL2021PTC379115 | Active | 24 Mar 2021 | New Delhi, Delhi | ₹0.8 Cr | 44 | 2 | View details |
Products & Services of GreyMatter Technologies
GreyMatter Technologies offers a comprehensive portfolio of products and services, including Agricultural Inputs Delivery, Agri-Advisory Services, and Post-Harvest Support.
Delivers quality inputs on credit to farmers for better agricultural practices.
Offers advice to improve crop yields and farming efficiency.
Assists farmers in securing better prices for their harvest.
Funding Insights of GreyMatter Technologies
GreyMatter Technologies has successfully raised a total of $408.02K across 4 strategic funding rounds. The most recent funding activity was a Seed round of $61 thousand completed in April 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 $408,019
- Total Rounds 4
- Last Round Seed — $61,004
- First Round $55,392
(Aug 2019)
- Investors Count 17
All 4 funding rounds of GreyMatter Technologies 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 |
|---|---|---|---|---|---|
| Apr 2023 | $61,004 | Seed | $1.73M | July Ventures | – |
| Apr 2022 | $300,534 | Seed | $3.85M | July Ventures | |
| Nov 2021 | $46,481 | Angel Round | $••••• | Dhruvendra Ojha, Sumit Nema | |
| Aug 2019 | $55,392 | Grant | – | – |
| Date | Valuation | Stage |
|---|---|---|
| Apr 2023 | $1.73M | •••••••• |
| Apr 2022 | $3.85M | •••••••• |
Last known valuation $1.73M (Apr 2023). 17 investors in total: 4 institutional and 13 angel.
Investors in GreyMatter Technologies
GreyMatter Technologies has secured backing from 17 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include European Union, July Ventures and Chattanathan Devarajan.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital investments in B2B, Digital Platforms, and SaaS opportunities with a hands-on approach. | 2018 | julyventures.com | Bengaluru, India | |
Early-stage tech startups are supported via venture capital and acceleration. | – | iimaventures.com | Ahmedabad, India | |
Startup incubator | – | ciie.co | Ahmedabad, India | |
Government entites focused on freedom, democracy, equality and the rule of law, promoting peace and stability | 1958 | europa.eu | Brussels, Belgium | |
CD Chattanathan Devarajan | Co-founder of Arya.ai, AI expert, active angel investor in tech startups | – | unknown_fbec67f831724a059 | - |
KM Kapil Mehan | - | – | unknown_de817917fc024ab2b | - |
CD Chattanathan Devarajan | - | – | unknown_4745093c3424459b9 | - |
DO Dhruvendra Ojha | - | – | unknown_83158e1b5da444bd9 | - |
SN Sumit Nema | - | – | unknown_8955a27215054d239 | - |
PS Piyush Sharma | Angel investor, ex-entrepreneur, focused on early-stage Indian startups | – | unknown_87b546da00e549358 | - |
Investor details for GreyMatter Technologies
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 Greymatter Technologies Private Limited (GreyMatter Technologies)
Greymatter Technologies Private Limited is the primary company behind GreyMatter Technologies. The board of Greymatter Technologies Private Limited currently have 2 directors; the longest-serving is Neetesh Singh Thakur, appointed in 2021.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Neetesh Singh Thakur DIN 09121193 | Director | 24 Mar 2021 | 5 yrs 6 mo | Greymatter Technologies Private Limited |
| Dhananjay Shukla DIN 09121194 | Director | 24 Mar 2021 | 5 yrs 6 mo | Greymatter Technologies Private Limited |
People of GreyMatter Technologies
1 people are tracked at GreyMatter Technologies (1 in leadership); the tracked headcount is 44.
| Name | Role | Group |
|---|---|---|
| Founder | Leadership |
Complete people profiles for GreyMatter Technologies
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 GreyMatter Technologies
Figures of Greymatter Technologies Private Limited, the primary company behind GreyMatter Technologies, for FY 2024. Revenue was ₹75.3 Lakh (+44% year on year). Net loss was -₹1.06 Cr (-140% margin). EBITDA was -₹80.8 Lakh (-107% margin).
- ₹75.3 LakhRevenue · FY 2024 · +44% YoY
- -₹1.06 CrNet loss · -140% margin
- -₹80.8 LakhEBITDA · -107% margin
- ₹1.3 LakhPaid-up capital
- 44Employees (provident fund records)
Balance sheet, profit and loss, cash flow and ratios of Greymatter Technologies Private Limited are on its company page.
Detailed financial statements for GreyMatter Technologies
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 GreyMatter Technologies
4 dated milestones of GreyMatter Technologies across 5 years, from founding to its latest funding, stage changes and deals.
- Founded GreyMatter Technologies is founded.
- Funding First funding round of $55K.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Seed, of $61K.
Competitors of GreyMatter Technologies
GreyMatter Technologies has 8 listed competitors in our database, 8 of them funded. They include DeHaat, Ayekart, StarAgri, Semaai and Origo Commodities, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| agrevolution.in | 2012 | Patna, India | $222.04M | 1,446 | DeHaat is recognized as an online marketplace for farmers. | |
| ayekart.com | 2020 | Mumbai, India | $12.84M | 126 | Agricultural producers and distributors are connected through a service network. | |
| staragri.com | 2006 | Mumbai, India | $89.94M | 5,294 | Integrated services are provided across the agricultural value chain. | |
| semaai.com | 2021 | Jakarta, Indonesia | $7.6M | – | Provider of app-based diversified tech-based services for farmers | |
| origoindia.com | 2011 | Delhi, India | $20.71M | 359 | Commodity procurement, trade financing, and warehousing solutions are provided. | |
| kamatan.in | 2017 | Delhi, India | $11.34M | 27 | Producer and supplier of agricultural products | |
| freshokartz.com | 2016 | Jaipur, India | $2.39M | 13 | Provider of an online social commerce platform for farmers and agribusinesses | |
| dvaraeregistry.com | 2019 | Hyderabad, India | $3.45M | 250 | Integrated solutions for agricultural value chains are provided digitally. |
Detailed competitors of GreyMatter Technologies
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 GreyMatter Technologies
The website of GreyMatter Technologies (greymattertech.in) receives about 1.4K visits a month.
- Monthly visits1.4K
▲ 83.8% vs previous month
Top companies in Crop Tech & Equipment
10 companies that operate in the same segment as GreyMatter Technologies (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 981.09 M | – | 808 | |
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 GreyMatter Technologies
GreyMatter Technologies was founded in 2018 and raised its 1st funding round 1 year after it was founded.
GreyMatter Technologies is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
GreyMatter Technologies is a funded company, having raised a total of $408.02K across 4 funding rounds to date. The company's 1st funding round was a Grant of $55.39K, raised on Aug 2019.
GreyMatter Technologies has 44 employees.
The primary company behind GreyMatter Technologies, Greymatter Technologies Private Limited, reported revenue of ₹75.3 Lakh for FY 2024, up 44% year on year.
GreyMatter Technologies was founded in 2018 in Mumbai, India, operating in the agricultural finance sector. Farm loans are extended to financing companies, farmers, and agri-input suppliers to address credit risks. Services encompass affordable financing options, active management of assets to verify loan usage, and promotion of soil health through research-supported and data-driven farming methods.
GreyMatter Technologies's top competitors include DeHaat, StarAgri and Dvara E-Registry.
GreyMatter Technologies offers Agricultural Inputs Delivery, Agri-Advisory Services, and Post-Harvest Support.
GreyMatter Technologies has 17 investors. Key investors include European Union, July Ventures, Chattanathan Devarajan, Kapil Mehan, and IIMA Ventures.
The valuation of GreyMatter Technologies is $1.73M as of Apr 2023.
GreyMatter Technologies operates through Greymatter Technologies Private Limited.
The legal entities of GreyMatter Technologies currently have 2 directors, including Neetesh Singh Thakur, Dhananjay Shukla.