About Mitra Sprayer
Mitra Sprayer is a company based in Nashik (India) founded in 2012 by Jaspinder Singh Bajaj, Jagpreet Pabla, and Devneet Bajaj was acquired by Mahindrafarmequipment in March 2023. It operates as a Direct-to-Consumer (D2C) and AgriTech Models. Mitra Sprayer has raised $6.75 million across 6 funding rounds from investors including Mahindra, Unilazer Ventures and Omnivore. The company has 322 employees as of March 22, 2024. Mitra Sprayer offers products and services including Airotec Turbo, Mitra Bullet, Airotec Cyclone 1500, Boom Sprayer Reel, and Storm Duster.
- Headquarter Nashik, India
- Employees 322 as on 22 Mar, 2024
- Founders Jaspinder Singh Bajaj, Jagpreet Pabla, Devneet Bajaj
- Stage Minicorn
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Sectors
Agriculture
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Email
Locked
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Phone
Locked
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Website
Locked
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Social
Locked
- Legal Name M.I.T.R.A. Agro Equipments Pvt. Ltd.
- Date of Incorporation 17 Apr, 2012
- Jurisdiction Nashik, Maharashtra, India
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Annual Revenue
$6.74 M (USD)17.35as on Mar 31, 2023
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Net Profit
$375.74 K (USD)-40.62as on Mar 31, 2023
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EBITDA
$856.29 K (USD)-13.58as on Mar 31, 2023
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Total Equity Funding
$6.75 M (USD)
in 6 rounds
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Latest Funding Round
$1.25 M (USD), Seed
Feb 15, 2018
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Investors
Mahindra
& 6 more
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Employee Count
322
as on Mar 22, 2024
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Acquired by
Mahindrafarmequipment
(Mar 20, 2023)
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Products & Services of Mitra Sprayer
Mitra Sprayer offers a comprehensive portfolio of products and services, including Airotec Turbo, Mitra Bullet, Airotec Cyclone 1500, Boom Sprayer Reel, and Storm Duster.
Air blast sprayer used for multi-purpose crop applications.
Tractor-mounted sprayer designed for vineyard crop protection.
High air output sprayer for tall tree spraying.
Tractor-linked sprayer used for broad crop coverage.
Tractor-mounted duster used for grape orchard dusting.
Funding Insights of Mitra Sprayer
Mitra Sprayer has successfully raised a total of $6.75M across 6 strategic funding rounds. The most recent funding activity was a Seed round of $1.25 million completed in February 2018. 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.
Investors in Mitra Sprayer
Mitra Sprayer has secured backing from 7 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include Mahindra, Unilazer Ventures and Omnivore.
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Agritech startups are funded by Omnivore, a venture capital entity.
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Early- and late-stage investments are managed by Unilazer Ventures.
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Diversified operations span automotive, agriculture, and financial services.
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Investor details for Mitra Sprayer
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Investments & Acquisitions by Mitra Sprayer
Investment portfolio details for Mitra Sprayer
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Financial Statements - Mitra Sprayer
Detailed financials for Mitra Sprayer
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Mitra Sprayer Comparisons
Peer comparison for Mitra Sprayer
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Competitors of Mitra Sprayer
Detailed competitors of Mitra Sprayer
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Latest news on Mitra Sprayer
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Frequently Asked Questions about Mitra Sprayer
Mitra Sprayer was founded in 2012.
Mitra Sprayer is headquartered in Nashik, India. It is registered at Nashik, Maharashtra, India.
Devneet Bajaj is the current CEO of Mitra Sprayer. They have also founded this company.
Mitra Sprayer is a funded company, having raised a total of $6.75M across 6 funding rounds to date.
As of Mar 22, 2024, the latest employee count at Mitra Sprayer is 322.
Annual revenue of Mitra Sprayer is $6.74M as on Mar 31, 2023.
Agricultural spraying machines are developed by Mitra Sprayer for farmers growing horticulture crops such as grapes, pomegranates, oranges, and mangoes. Solutions are provided in the form of tractor-mounted and trailed sprayers, air blast sprayers, and dusters, catering to orchard and vineyard needs. The focus is placed on crop protection through uniform chemical coverage, labor and time-saving designs, and chemical efficiency. The sector primarily served is agriculture, with an emphasis on modern crop protection equipment in India and globally.
Mitra Sprayer offers Airotec Turbo, Mitra Bullet, Airotec Cyclone 1500, Boom Sprayer Reel, and Storm Duster.
Mitra Sprayer has 7 investors. Key investors include Mahindra, Unilazer Ventures, Omnivore, Benedikt Von Schoeler, and Paulina Hatta.
The valuation of Mitra Sprayer is $4.82M as of Feb 2018.