Samisti Legal and VERTICES PARTNERS have advised on the Balwaan Krishi Series B fundraise, in which Modish Tractoraurkisan Private Limited, doing business as Balwaan Krishi, raised ₹100 crore from a round led by First Bridge India. The transaction represents a significant capital infusion into India’s agricultural machinery sector, targeting small and marginal farmers.
Introduction
Modish Tractoraurkisan Private Limited, doing business as Balwaan Krishi, raised ₹100 crore from a Series B fundraise led by First Bridge India. The round was led by First Bridge India Growth Fund Private Equity, with participation from other institutional investors. Founded in 2016, Jaipur-based Balwaan Krishi is an agricultural machinery and equipment brand built specifically for small and marginal farmers who cultivate less than two hectares of land.
The new capital will be deployed by the company across three strategic priorities: expanding domestic manufacturing capacity, strengthening its dealer and service network across Southern India, and developing the next generation of farm equipment.
Deal Value
Balwaan Krishi raised ₹100 crore in the Series B fundraise, with First Bridge India serving as the lead investor, contributing ₹70 crore of that total. Further details regarding the breakdown of the remaining ₹30 crore were not disclosed.
Legal Teams Involved
VERTICES PARTNERS — Advised First Bridge India (Lead Investor)
VERTICES PARTNERS advised lead investor First Bridge India, which invested ₹70 crore in this fundraise. The transaction was led by Vikrant Anand (Partner), with a team that included Sajal Jain (Associate Manager), Associates Liji Anna Thomas and Mansi Dixit. Vinayak Burman (Founder and Managing Partner) provided strategic inputs.
- Vikrant Anand — Partner
- Sajal Jain — Associate Manager
- Liji Anna Thomas — Associate
- Mansi Dixit — Associate
- Vinayak Burman — Founder and Managing Partner (strategic inputs)
Samisti Legal — Advised Balwaan Krishi (Company)
Samisti Legal advised Balwaan Krishi on this fundraise. The transaction was led by Prashant Jain (Founder & Managing Partner), along with Anita Dugar (Partner).
- Prashant Jain — Founder & Managing Partner
- Anita Dugar — Partner
Significance and Impact
Approximately 86% of Indian farmers are small and marginal, cultivating under two hectares, for whom large machinery is neither productive nor economically viable. Balwaan Krishi‘s mandate to serve this underserved demographic places this fundraise at the heart of India’s farm mechanisation push.
The Series B follows a ₹40 crore investment from JM Financial Private Equity in June 2024 as part of Balwaan’s Series A funding exercise. The quantum leap in round size — from ₹40 crore to ₹100 crore — signals growing investor confidence in affordable, India-built agricultural equipment.
Balwaan Krishi said it will use the fresh capital to expand domestic manufacturing capacity, strengthen its dealer and service network in Southern India, and develop farm equipment with predictive maintenance and IoT capabilities. The company currently has more than 800 dealers across Northern India, along with an e-commerce presence, and serves over four lakh farmers across the country.
The legal advisory on this transaction also reflects a broader trend in the Indian startup ecosystem, where mid-market and boutique law firms such as Samisti Legal and VERTICES PARTNERS are increasingly active on growth-stage fundraises. For a running tally of such mandates, see the Deal Meter.
The Balwaan Krishi ₹100 crore Series B fundraise, led by First Bridge India, marks a pivotal moment for affordable farm mechanisation in India. Balwaan Krishi, operating under Modish Tractoraurkisan Private Limited, successfully raised ₹100 crore in the Series B fundraise, with First Bridge India contributing ₹70 crore to the investment. With VERTICES PARTNERS and Samisti Legal anchoring the legal advisory, the transaction underscores the growing depth of legal expertise available to India’s agritech ecosystem.
Disclaimer: This article is for informational purposes only and does not constitute legal advice. It is based on the details provided and publicly available sources.
