About Lateral Praxis
Lateral Praxis is an Agriculture company based in Mumbai (India) founded in 1999, and was acquired by Pioneering Ventures in May 2020. Farming, IT, and e-governance services are provided to farmers. Its Indian entity Innoterra Bioscience Private Limited reported revenue of ₹1.21 Cr. Its focus areas include Food and Agriculture Tech, Crop Tech, Farming as a Service and Tech Enabled Services. Its competitors include DeHaat, Ayekart and StarAgri; 3 of its 3 listed competitors have raised funding.
Company details
Lateral Praxis was founded in 1999 and is headquartered in Mumbai, India. Operations center on delivering services to the agricultural sector, with LP-Connect handling farm-related activities and LP-GRC covering e-governance and IT needs. Key offerings encompass farm monitoring, analytics, data collection, internal audit systems, and Geo-tagging for agricultural assets. Focus remains on supporting farmers through technology and governance tools.
- Headquarters Mumbai, India
- Stage Acquired
- SectorsAgriculture
- Email••••••••
- Phone•••• ••••
- Website lateralpraxis.com
- Social LinkedIn
- Acquired by Pioneering Ventures (May 2020)
- Legal Name Innoterra Tech India Private Limited
- Date of Incorporation 02 Jul, 2010
- Jurisdiction Mumbai, Maharashtra, India
- Annual Revenue₹1.21 Cr
FY 2023 · -41% YoY
- Net Loss-₹1.96 Cr
FY 2023 · -162% margin
- EBITDA-₹1.90 Cr
FY 2023 · -157% margin
- Investors
- Acquired byPioneering Ventures
(May 2020)
Associated legal entities of Lateral Praxis
Lateral Praxis operates through Innoterra Bioscience Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2023) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Innoterra Bioscience Private Limited CIN U20211MH2010PTC205170 | Active | 02 Jul 2010 | Mumbai, Maharashtra | ₹1.2 Cr | 4 | View details |
Investors in Lateral Praxis
Lateral Praxis has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Pioneering Ventures.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Investments are focused on Indian farm and food startups. | pioneering-ventures.com | Zurich, Switzerland |
Investor details for Lateral Praxis
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Board of directors of Innoterra Bioscience Private Limited (Lateral Praxis)
Innoterra Bioscience Private Limited is the primary company behind Lateral Praxis. The board of Innoterra Bioscience Private Limited currently have 3 directors; the longest-serving is Kasinathan Krishna Kumar Avinash, appointed in 2024. 15 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Kasinathan Krishna Kumar Avinash DIN 09623747 | Director | 12 Jul 2024 | 2 yrs 3 mo | Innoterra Bioscience Private Limited |
| Ankur Tripathi DIN 07549445 | Additional Director | 30 Jul 2025 | 1 yr 3 mo | Innoterra Bioscience Private Limited |
| Shubhda Nautiyal DIN 11224202 | Additional Director | 01 Aug 2025 | 1 yr 3 mo | Innoterra Bioscience Private Limited |
People of Lateral Praxis
2 people are tracked at Lateral Praxis (2 in leadership).
| Name | Role | Group |
|---|---|---|
Suniti Gupta | Executive Director | Leadership |
Amit Chamaria | Executive Director | Leadership |
Complete people profiles for Lateral Praxis
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Financials of Lateral Praxis
Figures of Innoterra Bioscience Private Limited, the primary company behind Lateral Praxis, for FY 2023. Revenue was ₹1.21 Cr (-41% year on year). Net loss was -₹1.96 Cr (-162% margin). EBITDA was -₹1.90 Cr (-157% margin). Revenue has grown at a compounded annual rate of -17% over three years and -10% over five years.
- ₹1.21 CrRevenue · FY 2023 · -41% YoY
- -₹1.96 CrNet loss · -162% margin
- -₹1.90 CrEBITDA · -157% margin
- ₹15.88 CrPaid-up capital
- -17%Revenue CAGR, 3 years
- -10%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Innoterra Bioscience Private Limited are on its company page.
Detailed financial statements for Lateral Praxis
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Timeline of Lateral Praxis
2 dated milestones of Lateral Praxis across 21 years, from founding to its latest funding, stage changes and deals.
- Founded Lateral Praxis is founded.
- Exit Acquired by Pioneering Ventures.
Competitors of Lateral Praxis
Lateral Praxis has 3 listed competitors in our database, 3 of them funded. They include DeHaat, Ayekart and StarAgri.
| 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. |
Detailed competitors of Lateral Praxis
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Top companies in Crop Tech & Equipment
3 companies that operate in the same segment as Lateral Praxis (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 | 2,764 | ||
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 Lateral Praxis
Complete news archive for Lateral Praxis
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Frequently Asked Questions about Lateral Praxis
Lateral Praxis was founded in 1999.
Lateral Praxis is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
The primary company behind Lateral Praxis, Innoterra Bioscience Private Limited, reported revenue of ₹1.21 Cr for FY 2023, down 41% year on year.
Lateral Praxis was founded in 1999 and is headquartered in Mumbai, India. Operations center on delivering services to the agricultural sector, with LP-Connect handling farm-related activities and LP-GRC covering e-governance and IT needs. Key offerings encompass farm monitoring, analytics, data collection, internal audit systems, and Geo-tagging for agricultural assets. Focus remains on supporting farmers through technology and governance tools.
Lateral Praxis has 1 investor. Key investors include Pioneering Ventures.
Lateral Praxis operates through Innoterra Bioscience Private Limited.
Yes. Lateral Praxis was acquired by Pioneering Ventures in May 2020.
The legal entities of Lateral Praxis currently have 4 directors, including Kasinathan Krishna Kumar Avinash, Dhanashree Shrinath Bhairi, Ankur Tripathi and others.