About Hectar
Hectar is a company based in Singapore (Singapore) founded in 2021 by Sibhi Kumaran, Aswath Balaji, and Srinath Srinivasan. Hectar has raised $2.1 million across 1 funding round from investors including All In Capital, WEH Ventures and siliconindia. Hectar offers products and services including TradeSuite, Market Intelligence, and Global Sourcing Network. Hectar operates in a competitive market with competitors including Silo, Choco, BFC Software, ZOLO and Avanti Markets, among others.
- Headquarter Singapore, Singapore
- Founders Sibhi Kumaran, Aswath Balaji, Srinath Srinivasan
- SectorsAgriculture
- Website hectar.global
- Social LinkedIn X
- Legal Name Hectar India Trading Private Limited
- Date of Incorporation 19 Apr, 2023
- Jurisdiction Chennai, Tamil Nadu, India
- Annual Revenue₹9.28 Cr
FY 2024
- Net Loss-₹3.54 Cr
FY 2024 · -38% margin
- EBITDA-₹3.53 Cr
FY 2024 · -38% margin
- Total Equity Funding$2.1M (USD)
in 1 rounds
- Latest Funding Round$2.1M (USD), Seed
Jun 2023
- InvestorsAll In Capital
& 6 more
Associated legal entities of Hectar
Hectar operates through Hectar India Trading 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 |
|---|---|---|---|---|---|---|---|
| Hectar India Trading Private Limited CIN U46309TN2023FTC159676 | Active | 19 Apr 2023 | Chennai, Tamil Nadu | ₹9.3 Cr | – | 2 | View details |
Products & Services of Hectar
Hectar offers a comprehensive portfolio of products and services, including TradeSuite, Market Intelligence, and Global Sourcing Network.
AI-powered tool for agricultural commodity trading and market analysis
Platform providing real-time insights for global agri commodities
Network for sourcing and delivering premium agri commodities worldwide
Funding Insights of Hectar
Hectar has successfully raised a total of $2.1M through 1 strategic funding round. The most recent funding activity was a Seed round of $2.1 million completed in June 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 $2.1M
- Total Rounds 1
- Last Round Seed — $2.1M
- First Round $2.1M
(Jun 2023)
- Investors Count 7
All 1 funding rounds of Hectar 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 |
|---|---|---|---|---|---|
| Jun 2023 | $2.1M | Seed | – | Powerhouse Ventures |
7 investors in total: 5 institutional and 2 angel.
Investors in Hectar
Hectar has secured backing from 7 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include All In Capital, WEH Ventures and siliconindia.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Provision of seed capital and support to early-stage founders solving India-centric problems. | 2017 | wehventures.com | Mumbai, India | |
Venture capital investments and community support for Indian startups. | 2022 | allincapital.vc | Bengaluru, India | |
Venture capital firm focused on early-stage investments | – | powerhouseventures.com | Singapore, Singapore | |
Business and finance content is published through specialized magazines. | 1997 | siliconindia.com | Bengaluru, India | |
AS Anant Sarda | Angel investor and entrepreneur, focused on tech startups in India. | – | unknown_4de7940e129e4d97a | - |
AL Adhish Ladha | - | – | unknown_bf482448b4764a4b8 | - |
- | – | navyblueventures.tcc.mode | - |
Investor details for Hectar
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 Hectar India Trading Private Limited (Hectar)
Hectar India Trading Private Limited is the primary company behind Hectar. The board of Hectar India Trading Private Limited currently have 2 directors; the longest-serving is Srinivasan Srinath, appointed in 2023.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Srinivasan Srinath DIN 07569430 | Director | 19 Apr 2023 | 3 yrs 5 mo | Hectar India Trading Private Limited |
| Saravanan Sibhickkumaran DIN 07569486 | Non- Individual Subscriber | 19 Apr 2023 | 3 yrs 5 mo | Hectar India Trading Private Limited |
People of Hectar
3 people are tracked at Hectar (3 in leadership).
| Name | Role | Group |
|---|---|---|
Sibhi Kumaran | Co-Founder | Leadership |
Aswath Balaji | Co-Founder | Leadership |
| Co-Founder & CEO | Leadership |
Complete people profiles for Hectar
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 Hectar
Figures of Hectar India Trading Private Limited, the primary company behind Hectar, for FY 2024. Revenue was ₹9.28 Cr. Net loss was -₹3.54 Cr (-38% margin). EBITDA was -₹3.53 Cr (-38% margin).
- ₹9.28 CrRevenue · FY 2024
- -₹3.54 CrNet loss · -38% margin
- -₹3.53 CrEBITDA · -38% margin
- ₹10.8 LakhPaid-up capital
Balance sheet, profit and loss, cash flow and ratios of Hectar India Trading Private Limited are on its company page.
Detailed financial statements for Hectar
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 Hectar
2 dated milestones of Hectar across 2 years, from founding to its latest funding, stage changes and deals.
- Founded Hectar is founded.
- Funding First funding round of $2.1M.
Competitors of Hectar
Hectar operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Silo, Choco, BFC Software, ZOLO and Avanti Markets, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| usesilo.com | 2017 | San Francisco, United States | $44M | 56 | Software suite solutions are provided for food distributor businesses. | |
| choco.com | 2018 | Berlin, Germany | $301.35M | 65 | Choco is recognized as a growth platform for food distributors. | |
| bfcsoftware.com | 1984 | Batavia, United States | – | 25 | Provider of software solutions for food distributors | |
| zolomart.co | 2022 | Singapore | – | 1 | AI-powered software provides an interface for food suppliers to manage orders | |
| avantimarkets.com | 2009 | Renton, United States | – | – | Supermarket providing a variety of snacks, fruits, and vegetables to customers. | |
| af.farm | 2003 | Norwich, United Kingdom | – | – | Farm procurement solutions are provided nationwide to agricultural members. | |
| necs.com | 1987 | Rome, Italy | – | – | Delivers comprehensive ERP solutions tailored for the food distribution industry. |
Detailed competitors of Hectar
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.
Latest news on Hectar
Complete news archive for Hectar
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
Similar companies to Hectar
10 companies that operate in the same segment as Hectar (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 983.39 M | – | – | |
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 Hectar
Hectar was founded in 2021 and raised its 1st funding round 2 years after it was founded.
Hectar is headquartered in Singapore, Singapore.
Srinath Srinivasan is the current CEO of Hectar. They have also founded this company.
Hectar is a funded company, having raised a total of $2.1M across 1 funding round to date. The company's 1st funding round was a Seed of $2.1M, raised on Jun 2023.
The primary company behind Hectar, Hectar India Trading Private Limited, reported revenue of ₹9.28 Cr for FY 2024.
Hectar was established in 2021 in Singapore as a provider of software solutions targeted at the food distribution sector. Tools such as analytics, real-time quotes, order tracking, and trade documentation are included in its offerings. Operations are centered in Singapore, with a focus on supporting distributors through digital efficiencies in supply chain management. The company is led by co-founders Sibhi Kumaran, Aswath Balaji, and CEO Srinath Srinivasan.
Hectar's top competitors include Silo, Choco and BFC Software.
Hectar offers TradeSuite, Market Intelligence, and Global Sourcing Network.
Hectar has 7 investors. Key investors include All In Capital, WEH Ventures, siliconindia, Anant Sarda, and Adhish Ladha.
Hectar operates through Hectar India Trading Private Limited.
The legal entities of Hectar currently have 2 directors, including Srinivasan Srinath, Saravanan Sibhickkumaran.