About RootsGoods
RootsGoods is a Technology company based in Munchen (Germany) founded in 2017 by Sachin Hegdekudgi. AI-powered quality assessment for agricultural products is provided. It operates in the Technology and Agriculture sectors. RootsGoods has raised $96.16 thousand across 2 funding rounds from investors including I Hub Robotics, IRMA and AgHub. RootsGoods was last valued at $3.53 million in June 2024. Its chief executive, as recorded, is Sachin Hegdekudgi. Its Indian entity Rootsgoods Private Limited reported revenue of βΉ72.8 Lakh. RootsGoods offers products and services including Quality Assessment Tool, Procurement Platform, and Warehouse Management Software. Its focus areas include Food and Agriculture Tech, Crop Tech, Farm Analytics and Image based.
Company details
RootsGoods was founded in 2017 in Munich, Germany, within the agricultural technology sector. Crop quality is evaluated using AI and deeptech, analyzing visible and non-visible parameters to support negotiations, sales, and transportation between farmers and buyers. Software services for warehouse management and mapping are included, with operations focused on improving supply chain transparency and procurement processes.
- Headquarters Munchen, Germany
- Founders Sachin Hegdekudgi
- Stage Minicorn
- SectorsTechnologyAgriculture
- Website rootsgoods.com
- Social LinkedIn X Facebook Instagram YouTube
- Legal Name Rootsgoods Private Limited
- Date of Incorporation 15 Mar, 2018
- Jurisdiction Shimoga, Karnataka, India
- Indian entity revenue₹72.8 Lakh
FY 2024 · +97% YoY
- Indian entity net profit₹3.2 Lakh
FY 2024 · 4% margin
- Indian entity EBITDA₹7.2 Lakh
FY 2024 · 10% margin
- Total Equity Funding$96.16K (USD)
in 2 rounds
- Latest Funding Round$23.82K (USD), Seed
Jun 2024
- InvestorsI Hub Robotics
& 2 more
Associated legal entities of RootsGoods
RootsGoods operates through Rootsgoods 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 |
|---|---|---|---|---|---|---|---|
| Rootsgoods Private Limited CIN U01100KA2018PTC111190 | Active | 15 Mar 2018 | Shimoga, Karnataka | ₹0.7 Cr | 3 | View details |
Products & Services of RootsGoods
RootsGoods offers a comprehensive portfolio of products and services, including Quality Assessment Tool, Procurement Platform, and Warehouse Management Software.
Uses AI to evaluate crop quality parameters for farmers.
Facilitates crop sales and negotiation between farmers and buyers.
Manages storage and mapping for agricultural products.
Apps and channels of RootsGoods
its YouTube channel RootsGoods Company has 64 subscribers and 30 videos.
Videos from RootsGoods
The most watched videos on RootsGoods's YouTube channel, RootsGoods Company (64 subscribers). Click a video to play it here.
More on RootsGoods Company.
Funding Insights of RootsGoods
RootsGoods has successfully raised a total of $96.16K across 2 strategic funding rounds. The most recent funding activity was a Seed round of $23.82 thousand completed in June 2024. 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 $96,158
- Total Rounds 2
- Last Round Seed β $23,818
- First Round $72,340
(Dec 2023)
- Investors Count 3
All 2 funding rounds of RootsGoods 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 2024 | $23,818 | Seed | $3.53M | IRMA | β |
| Dec 2023 | $72,340 | Seed | $5.71M | Ag-Hub, I Hub Robotics | β |
| Date | Valuation | Stage |
|---|---|---|
| Jun 2024 | $3.53M | β’β’β’β’β’β’β’β’ |
| Dec 2023 | $5.71M | β’β’β’β’β’β’β’β’ |
Last known valuation $3.53M (Jun 2024). 3 investors in total: 3 institutional.
Investors in RootsGoods
RootsGoods has secured backing from 3 investors, including institutional investors. Prominent investors backing the company include I Hub Robotics, IRMA and AgHub.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
IRMA is recognized as a leading institute for rural management education in India. | irma.ac.in | Anand, India | ||
AgHub is established as an agri-food innovation ecosystem incubator. | ag-hub.co | Hyderabad, India | ||
Provider of robotics solutions | 2021 | ihubrobotics.com | Kochi, India |
Investor details for RootsGoods
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 Rootsgoods Private Limited (RootsGoods)
Rootsgoods Private Limited is the primary company behind RootsGoods. The board of Rootsgoods Private Limited currently have 3 directors; the longest-serving is Hegde Kodige Dakappa Sachin, appointed in 2018. 2 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Hegde Kodige Dakappa Sachin DIN 07171611 | Director | 15 Mar 2018 | 8 yrs 8 mo | Rootsgoods Private Limited |
| Mohan Raj Kumar DIN 09133027 | Director | 05 Apr 2021 | 5 yrs 7 mo | Rootsgoods Private Limited |
| Shakil Regmi DIN 09133028 | Director | 05 Apr 2021 | 5 yrs 7 mo | Rootsgoods Private Limited |
People of RootsGoods
1 people are tracked at RootsGoods (1 in leadership).
| Name | Role | Group |
|---|---|---|
Sachin Hegdekudgi | Founder & CEO | Leadership |
Complete people profiles for RootsGoods
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 RootsGoods
Figures of Rootsgoods Private Limited, the primary company behind RootsGoods, for FY 2024. Revenue was ₹72.8 Lakh (+97% year on year). Net profit was ₹3.2 Lakh (4% margin). EBITDA was ₹7.2 Lakh (10% margin). Revenue has grown at a compounded annual rate of +62% over three years and +239% over five years.
- ₹72.8 LakhRevenue · FY 2024 · +97% YoY
- ₹3.2 LakhNet profit · 4% margin
- ₹7.2 LakhEBITDA · 10% margin
- ₹1 LakhPaid-up capital
- +62%Revenue CAGR, 3 years
- +239%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Rootsgoods Private Limited are on its company page.
Detailed financial statements for RootsGoods
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 RootsGoods
4 dated milestones of RootsGoods across 7 years, from founding to its latest funding, stage changes and deals.
- Founded RootsGoods is founded.
- Funding First funding round of $72K.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Seed, of $24K.
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Frequently Asked Questions about RootsGoods
RootsGoods was founded in 2017 and raised its 1st funding round 6 years after it was founded.
RootsGoods is headquartered in Munchen, Germany. It is registered at Munchen, Bayern, Germany.
Sachin Hegdekudgi is the CEO of RootsGoods, as recorded in our data. They have also founded this company.
RootsGoods is a funded company, having raised a total of $96.16K across 2 funding rounds to date. The company's 1st funding round was a Seed of $72.34K, raised on Dec 2023.
The primary company behind RootsGoods, Rootsgoods Private Limited, reported revenue of βΉ72.8 Lakh for FY 2024, up 97% year on year.
RootsGoods was founded in 2017 in Munich, Germany, within the agricultural technology sector. Crop quality is evaluated using AI and deeptech, analyzing visible and non-visible parameters to support negotiations, sales, and transportation between farmers and buyers. Software services for warehouse management and mapping are included, with operations focused on improving supply chain transparency and procurement processes.
RootsGoods offers Quality Assessment Tool, Procurement Platform, and Warehouse Management Software.
RootsGoods has 3 investors. Key investors include I Hub Robotics, IRMA, and AgHub.
The valuation of RootsGoods is $3.53M as of Jun 2024.
RootsGoods operates through Rootsgoods Private Limited.
The legal entities of RootsGoods currently have 3 directors, including Hegde Kodige Dakappa Sachin, Mohan Raj Kumar, Shakil Regmi.