I Support Farming

Chennai, India Founded: 2016 • Age: 10 yrs Minicorn
Provider of tech enabled services
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About I Support Farming

I Support Farming is an Agriculture company based in Chennai (India) founded in 2016 by Vasanth Kumar and Vijayakumar Mani. Provider of tech enabled services. It operates in the Agriculture and Financial Services sectors. I Support Farming has raised $423.07 thousand across 3 funding rounds from investors including Mohammed Iqbal Shaik, Sudha Iyer and Lakshmi Narayanan. I Support Farming was last valued at $5 million in February 2019. Its Indian entity Isupport Farming Private Limited reported revenue of ₹12.67 Cr. I Support Farming offers products and services including Farming Support Platform and Working Capital Assistance. Its focus areas include Food and Agriculture Tech, Crop Tech, Finance and Loans. Its competitors include DeHaat, Ayekart and StarAgri; 3 of its 3 listed competitors have raised funding.

Company details

I Support Farming was founded in 2016 and is based in Chennai, India. Operations focus on the agritech sector, where services are delivered to enhance agricultural productivity. Soil sensing technologies are utilized alongside input solutions to support farmers. The company is led by co-founders Vasanth Kumar and Vijayakumar Mani, with core activities centered on technology integration for sustainable farming practices.

Operational Areas
Agriculture → Crop Tech & Equipment
Financial Services → Alternative Lending
Key Metrics
  • Annual Revenue
    ₹12.67 Cr

    FY 2022 · +55% YoY

  • Net Profit
    ₹8.6 Lakh

    FY 2022 · 1% margin

  • EBITDA
    ₹47.4 Lakh

    FY 2022 · 4% margin

  • Total Equity Funding
    $423.07K (USD)

    in 3 rounds

  • Latest Funding Round
    $68.35K (USD), Angel Round

    Jan 2021

Products & Services of I Support Farming

I Support Farming offers a comprehensive portfolio of products and services, including Farming Support Platform and Working Capital Assistance.

Farming Support Platform
AgriTech Platform

Platform for connecting investors with farmers for financial and technical aid.

Working Capital Assistance
Financial Service

Service providing funds to farmers for technology and equipment needs.

Funding Insights of I Support Farming

I Support Farming has successfully raised a total of $423.07K across 3 strategic funding rounds. The most recent funding activity was a Angel Round of $68.35 thousand completed in January 2021. 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 $423,066
  • Total Rounds 3
  • Last Round Angel Round — $68,349
  • First Round $284,292

    (Jan 2018)

  • Investors Count 6

All 3 funding rounds of I Support Farming with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.

DateAmountTransaction NameValuationLead InvestorsInvestors
Jan 2021$68,349Angel Round–Mohammed Iqbal Shaik
Sudha Iyer
Feb 2019$70,425Angel Round$5MLakshmi Narayanan, Lakshmi Narayanan
–
Jan 2018$284,292Angel Round$44.27MLakshmi Narayanan, Lakshmi Narayanan
Ramakrishnan Chandrasekaran, Prashanth Mangesh Narekuli
Valuation history
DateValuationStage
Feb 2019$5M••••••••
Jan 2018$44.27M••••••••

Last known valuation $5M (Feb 2019). 6 investors in total: 0 institutional and 6 angel.

Investors in I Support Farming

I Support Farming has secured backing from 6 investors, including angel investors. Prominent investors backing the company include Mohammed Iqbal Shaik, Sudha Iyer and Lakshmi Narayanan.

All
Angel
InvestorDescriptionFounded YearDomainLocation

Mohammed Iqbal Shaik

unknown_b069e7e4b8e9457a8

Sudha Iyer

unknown_a0d4d1d1ace24ac68

Lakshmi Narayanan

unknown_fd3dc8cbc7544d058

Lakshmi Narayanan

Angel investor, ex-CEO of Cognizant, focused on tech and innovation
unknown_fecfb4eb508f4d9aa

Ramakrishnan Chandrasekaran

unknown_5d17b843236f4716b

Prashanth Mangesh Narekuli

unknown_ac0bddea42304595a
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Investor details for I Support Farming

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 Isupport Farming Private Limited (I Support Farming)

Isupport Farming Private Limited is the primary company behind I Support Farming. The board of Isupport Farming Private Limited currently have 3 directors; the longest-serving is Vijayakumar Mani, appointed in 2016. 2 earlier directors have ceased.

DirectorDesignationAppointedTenureEntity
Vijayakumar Mani
DIN 07166000
Director26 May 201610 yrs 5 moIsupport Farming Private Limited
Siva Prakasam Arumugam
DIN 07721414
Additional Director30 Jan 20179 yrs 9 moIsupport Farming Private Limited
Vasanth Kumar Mani
DIN 08135340
Director17 May 20188 yrs 5 moIsupport Farming Private Limited

People of I Support Farming

2 people are tracked at I Support Farming (2 in leadership).

NameRoleGroup
Vasanth Kumar
Co-FounderLeadership
Vijayakumar Mani
Co-FounderLeadership
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Complete people profiles for I Support Farming

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  • Full employee list
  • Team structure
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Verified entity values are shown only after access is granted.

Financials of I Support Farming

Figures of Isupport Farming Private Limited, the primary company behind I Support Farming, for FY 2022. Revenue was ₹12.67 Cr (+55% year on year). Net profit was ₹8.6 Lakh (1% margin). EBITDA was ₹47.4 Lakh (4% margin). Revenue has grown at a compounded annual rate of +27% over three years and +175% over five years.

  • ₹12.67 CrRevenue · FY 2022 · +55% YoY
  • ₹8.6 LakhNet profit · 1% margin
  • ₹47.4 LakhEBITDA · 4% margin
  • ₹75,259Paid-up capital
  • +27%Revenue CAGR, 3 years
  • +175%Revenue CAGR, 5 years

Balance sheet, profit and loss, cash flow and ratios of Isupport Farming Private Limited are on its company page.

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Detailed financial statements for I Support Farming

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 I Support Farming

4 dated milestones of I Support Farming across 5 years, from founding to its latest funding, stage changes and deals.

  1. Founded I Support Farming is founded.
  2. Funding First funding round of $284K.
  3. Milestone Reaches Minicorn status.
  4. Funding Latest funding round, Angel Round, of $68K.

Competitors of I Support Farming

I Support Farming has 3 listed competitors in our database, 3 of them funded. They include DeHaat, Ayekart and StarAgri.

Company NameDomainFoundedHQ LocationTotal fundingEmployeesDescription
DeHaat
agrevolution.in2012Patna, India$222.04M1,446
DeHaat is recognized as an online marketplace for farmers.
Ayekart
ayekart.com2020Mumbai, India$12.84M126
Agricultural producers and distributors are connected through a service network.
StarAgri
staragri.com2006Mumbai, India$89.94M5,294
Integrated services are provided across the agricultural value chain.
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Detailed competitors of I Support Farming

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.

Top companies in Crop Tech & Equipment

3 companies that operate in the same segment as I Support Farming (Crop Tech & Equipment) in India, ranked by their profile score on The Company Check.

CompanyDescriptionFoundedLocationTotal fundingRevenueEmployees
Ecozen Solutions
Provider of climate-smart deeptech solutions for renewable energy and sustainable agriculture
2010Pune, Maharashtra, IndiaUSD 76.38 MUSD 56.11 M702
Jain Irrigation Systems
Manufacturer and distributor of irrigation equipment
1963Jalgaon, Maharashtra, IndiaUSD 679.04 M12,280
AgroStar
AgroStar is engaged in providing agricultural products and solutions.
2013Pune, Maharashtra, IndiaUSD 208.82 MUSD 31.86 M1,249
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Frequently Asked Questions about I Support Farming

I Support Farming was founded in 2016 and raised its 1st funding round 2 years after it was founded.

I Support Farming is headquartered in Chennai, India. It is registered at Chennai, Tamil Nadu, India.

I Support Farming is a funded company, having raised a total of $423.07K across 3 funding rounds to date. The company's 1st funding round was a Angel Round of $284.29K, raised on Jan 2018.

The primary company behind I Support Farming, Isupport Farming Private Limited, reported revenue of ₹12.67 Cr for FY 2022, up 55% year on year.

I Support Farming was founded in 2016 and is based in Chennai, India. Operations focus on the agritech sector, where services are delivered to enhance agricultural productivity. Soil sensing technologies are utilized alongside input solutions to support farmers. The company is led by co-founders Vasanth Kumar and Vijayakumar Mani, with core activities centered on technology integration for sustainable farming practices.

I Support Farming's top competitors include DeHaat, StarAgri and Ayekart.

I Support Farming offers Farming Support Platform and Working Capital Assistance.

I Support Farming has 6 investors. Key investors include Mohammed Iqbal Shaik, Sudha Iyer, Lakshmi Narayanan, Lakshmi Narayanan, and Ramakrishnan Chandrasekaran.

The valuation of I Support Farming is $5M as of Feb 2019.

I Support Farming operates through Isupport Farming Private Limited.

The legal entities of I Support Farming currently have 3 directors, including Vasanth Kumar Mani, Vijayakumar Mani, Siva Prakasam Arumugam.

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