About Vegrow
Vegrow is a Retail company based in Bengaluru (India) founded in 2020 by Kiran Naik Bhukya, Shobhit Jain, Praneeth Kumar, and Mrudhukar Batchu. Online B2B marketplace that connects farmers with businesses to supply fresh produce. It operates in the Retail and Agriculture sectors. Vegrow has raised $86.77 million across 8 funding rounds from investors including Angel List, Wellfound and Lightspeed Venture Partners. The company has 622 employees. Vegrow was last valued at $280.01 million in December 2023. Its chief executive, as recorded, is Praneeth Kumar. Its website vegrow.in draws about 23 thousand monthly visits. Its Indian entity Chifu Agritech Private Limited reported revenue of ₹555 Cr. Vegrow offers products and services including Fruits Marketplace Platform, Order Aggregation Service, and Quality Assurance Technology. Its focus areas include Food and Agriculture Tech, Crop Tech, ECommerce and Farm Produce. Its competitors include HyperPure, WayCool and FarMart; 3 of its 3 listed competitors have raised funding.
Company details
Vegrow was founded in 2020 in Bengaluru, India, as an online B2B marketplace in the agritech sector. Farmers are linked with businesses to facilitate the supply of fresh produce. Agricultural activities are simplified through technology integration. Supply from farmers is aggregated and distributed to organized buyers, with partnerships established to maintain consistent quality and diversity in produce offerings. Operations focus on the Indian market.
- Headquarters Bengaluru, India
- Employees 622
- Founders Kiran Naik Bhukya, Shobhit Jain, Praneeth Kumar, Mrudhukar Batchu
- Stage Minicorn
- SectorsRetailAgriculture
- Email••••••••
- Phone•••• ••••
- Website vegrow.in
- Social LinkedIn X Facebook
- Legal Name Chifu Agritech Private Limited
- Date of Incorporation 26 Feb, 2020
- Jurisdiction Hyderabad, Andhra Pradesh, Telangana, India
- Annual Revenue₹555 Cr
FY 2025 · +36% YoY
- Net Loss-₹154 Cr
FY 2025 · -28% margin
- EBITDA-₹137 Cr
FY 2025 · -25% margin
- Total Equity Funding$86.77M (USD)
in 8 rounds
- Latest Funding Round$129.04K (USD), Series C
Apr 2026
- InvestorsAngel List
& 34 more
- Employee Count622
Associated legal entities of Vegrow
Vegrow operates through Chifu Agritech Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Chifu Agritech Private Limited CIN U52202TG2020PTC139550 | Active | 26 Feb 2020 | ₹555 Cr | 622 | 3 | View details |
Products & Services of Vegrow
Vegrow offers a comprehensive portfolio of products and services, including Fruits Marketplace Platform, Order Aggregation Service, and Quality Assurance Technology.
Platform for aggregating and matching fruit orders with farms for efficient sales.
Service that collects customer orders to align with farm produce and market demands.
Technology for grading and sorting fruits to ensure consistent quality and reliability.
Funding Insights of Vegrow
Vegrow has successfully raised a total of $86.77M across 8 strategic funding rounds. The most recent funding activity was a Series C round of $129.04 thousand completed in April 2026. 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 $86.77M
- Total Rounds 8
- Last Round Series C — $129,043
- First Round $2.5M
(May 2020)
- Investors Count 35
All 8 funding rounds of Vegrow 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 |
|---|---|---|---|---|---|
| Apr 2026 | $129,043 | Series C | – | VentureSoul, Trifecta Capital | – |
| Oct 2025 | $112,801 | Series C | – | VentureSoul | |
| Oct 2025 | Series C | – | – | ||
| Dec 2023 | $46M | Series C | $280.01M | GIC | |
| Nov 2022 | Series B | – | Draper University | – | |
| Jul 2022 | $25M | Series B | $167.4M | Prosus | |
| Jul 2021 | $13.03M | Series A | $••••• | Elevation Capital, Lightspeed India | |
| May 2020 | $2.5M | Seed | $••••• | Ankur Capital, Z47 |
| Date | Valuation | Stage |
|---|---|---|
| Dec 2023 | $280.01M | •••••••• |
| Jul 2022 | $167.4M | •••••••• |
| Jul 2021 | $••••• | •••••••• |
| May 2020 | $••••• | •••••••• |
Full valuation and stage history of Vegrow
Every valuation point, the growth-stage changes (minicorn, soonicorn, unicorn) and the dates behind them require an active premium plan.
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Verified entity values are shown only after access is granted.
Last known valuation $280.01M (Dec 2023). 35 investors in total: 18 institutional and 17 angel.
Investors in Vegrow
Vegrow has secured backing from 35 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Angel List, Wellfound and Lightspeed Venture Partners.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Sovereign wealth is managed and private equity investments are facilitated. | gic.com.sg | Singapore, Singapore | ||
Tech companies are invested in by this venture capital firm. | 1997 | prosus.com | Amsterdam, Netherlands | |
Elevation Capital is focused on early-stage tech investments in India. | elevationcapital.com | Delhi, India | ||
Venture capital investing in innovative companies across global sectors is undertaken by Lightspeed Venture Partners. | 1997 | lsvp.com | Menlo Park, United States | |
Assets are managed and venture capital invested across multiple sectors. | Singapore, Singapore | |||
Venture capital investment firm | z47.com | Bengaluru, India | ||
Global investments in early and growth-stage tech firms are conducted. | 1915 | naspers.com | Cape Town, South Africa | |
Early-stage investments in digital, climate, and deep science technologies. | 2011 | ankurcapital.com | Mumbai, India | |
Venture capital investing in innovative startups across technology sectors. | 2008 | lsip.com | Bengaluru, India | |
Early-stage companies are invested in by Better Capital. | bettercapital.vc | Santa Clara, United States |
Investor details for Vegrow
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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Verified entity values are shown only after access is granted.
Board of directors of Chifu Agritech Private Limited (Vegrow)
Chifu Agritech Private Limited is the primary company behind Vegrow. The board of Chifu Agritech Private Limited currently have 3 directors; the longest-serving is Shobhit Jain, appointed in 2020.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Shobhit Jain DIN 08711493 | Director | 26 Feb 2020 | 6 yrs 8 mo | Chifu Agritech Private Limited |
| Praneeth Kumar Boganadhula DIN 08711494 | Director | 26 Feb 2020 | 6 yrs 8 mo | Chifu Agritech Private Limited |
| Mrudhukar Batchu DIN 07504220 | Director | 07 Mar 2022 | 4 yrs 7 mo | Chifu Agritech Private Limited |
People of Vegrow
13 people are tracked at Vegrow (7 in leadership, 6 in team); the tracked headcount is 622.
| Name | Role | Group |
|---|---|---|
Kiran Naik Bhukya | Co-Founder | Leadership |
| Co-Founder | Leadership | |
| Co-Founder & CEO | Leadership | |
| Co-Founder | Leadership | |
Kiran Naik | Co-Founder | Leadership |
Ankur Badonia | Business Head | Leadership |
Neville Kujur | Head Of Human Resources & Admin | Leadership |
Mohammed Kasim | Deputy Manager | Team |
Abu Irshad | Key Account Manager | Team |
Piyush Wasurke | Subject Matter Expert | Team |
Bhushan Jadhav | Supply Chain Executive | Team |
Ashish Boora | Business Lead - FXS Mango & Apple | Team |
Thejaswi Br | Deputy Manager - Demand | Team |
Complete people profiles for Vegrow
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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Financials of Vegrow
Figures of Chifu Agritech Private Limited, the primary company behind Vegrow, for FY 2025. Revenue was ₹555 Cr (+36% year on year). Net loss was -₹154 Cr (-28% margin). EBITDA was -₹137 Cr (-25% margin). Revenue has grown at a compounded annual rate of +75% over three years.
- ₹555 CrRevenue · FY 2025 · +36% YoY
- -₹154 CrNet loss · -28% margin
- -₹137 CrEBITDA · -25% margin
- ₹20 LakhPaid-up capital
- 622Employees (provident fund records)
- +75%Revenue CAGR, 3 years
Balance sheet, profit and loss, cash flow and ratios of Chifu Agritech Private Limited are on its company page.
Detailed financial statements for Vegrow
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Timeline of Vegrow
4 dated milestones of Vegrow across 6 years, from founding to its latest funding, stage changes and deals.
- Founded Vegrow is founded.
- Funding First funding round of $2.5M.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Series C, of $129K.
Competitors of Vegrow
Vegrow has 3 listed competitors in our database, 3 of them funded. They include HyperPure, WayCool and FarMart.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| hyperpure.com | 2015 | Delhi, India | $1.11M | 3,302 | Food industry ingredients are supplied via a B2B platform. | |
| waycool.in | 2015 | Chennai, India | $365.53M | 164 | Provider of food supply chain management and farming solutions. | |
| farmart.co | 2015 | Gurugram, India | $51.11M | 296 | SaaS-based B2B solutions for food supply chains are provided. |
Detailed competitors of Vegrow
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
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Verified entity values are shown only after access is granted.
Web traffic of Vegrow
The website of Vegrow (vegrow.in) receives about 22.9K visits a month.
- Monthly visits22.9K
▲ 109.3% vs previous month
Websites whose visitors overlap most with Vegrow. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| the-ken.com | 100% | 471.6K | #122,535 | View details |
Top companies in Food & Grocery Retail
3 companies that operate in the same segment as Vegrow (Food & Grocery Retail) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Food and grocery items are ordered via an online network. | 2014 | Bengaluru, Karnataka, India | USD 3.54 B | USD 2.46 B | 4,488 | |
Personal and household products are delivered via an e-commerce platform. | 2011 | Bengaluru, Karnataka, India | USD 943.07 M | USD 1.17 B | 22,095 | |
Instant delivery of groceries and essentials is facilitated online. | 2013 | Gurugram, Haryana, India | USD 757.52 M | 11,913 |
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Related news about Vegrow
Complete news archive for Vegrow
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Frequently Asked Questions about Vegrow
Vegrow was founded in 2020.
Vegrow is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Praneeth Kumar is the CEO of Vegrow, as recorded in our data. They have also founded this company.
Vegrow is a funded company, having raised a total of $86.77M across 8 funding rounds to date. The company's 1st funding round was a Seed of $2.5M, raised on May 2020.
Vegrow has 622 employees.
The primary company behind Vegrow, Chifu Agritech Private Limited, reported revenue of ₹555 Cr for FY 2025, up 36% year on year.
Vegrow was founded in 2020 in Bengaluru, India, as an online B2B marketplace in the agritech sector. Farmers are linked with businesses to facilitate the supply of fresh produce. Agricultural activities are simplified through technology integration. Supply from farmers is aggregated and distributed to organized buyers, with partnerships established to maintain consistent quality and diversity in produce offerings. Operations focus on the Indian market.
Vegrow offers Fruits Marketplace Platform, Order Aggregation Service, and Quality Assurance Technology.
Vegrow has 35 investors. Key investors include Angel List, Wellfound, Lightspeed Venture Partners, Naspers, and Ankur Capital.
The valuation of Vegrow is $280.01M as of Dec 2023.
Vegrow operates through Chifu Agritech Private Limited.