Krishi Vruddhi - Hydenmet Solutions Private Limited

Agri Tech: Precision Farming
Reports and Documents

INR 5Cr

Total Round Size

SAFE Notes

Mode

₹ 50 Lacs or USD equivalent.

Minimum Ticket Size

INR 90 Cr (Pre-money)

Previous Rounds Details
Raised INR 1 Cr in Pre-seed at a 10 Cr Valuation, followed by a Seed round of 1.5 Cr at a 17 Cr Valuation.

About the Opportunity

Company Overview
Introducing an investment opportunity in “Krishi Vruddhi,” powered by Hydenmet Solutions (P) Limited that it is poised at the forefront of transforming the agriculture sector in India, being led by experienced Founders leveraging cutting edge Technology.Enhancing farm yield through technology-based vernacular advisory for inputs & crop monitoringVision: Substantially enhance farm yield and deliver metamorphic changes to the lifestyle of marginalized farmers of IndiaMission: Within 5 years, acquire 5%+ market share of the 147 million farmers cultivating 390 million acres on Krishi Vruddhi platform.
Business Model
Offers 1 crop cycle (approximately 6 months) free localized Weather Station & Satellite services including Soil nutrition analysis/ Farm inputs advisory/ Yield improvement/ Lightning alerts, post which a monthly Fee of INR 100 per marginal & small farmer, and INR 900/acre per year for Large & Corporate Farms.Strategic Partnerships (Few under advanced level of discussions): ICAR – IIHR/ Microsoft CSR/ STPI – Pune/ DeHaat/ Selerys/ Qualcomm/ Mitrasena/ Farmonaut/ Dharitri/ Hesa/ OUS/ KVK – Akola/ COE by STPI
Team
Led by Mr Bhaaskaran Rangarajan (Founder, CEO) with over 3 decades of Business Dynamics experience, supported by Ms Girija Patel (Co-Founder & CMO) with an expertise of building Strategic partnerships & Alliances, and Mr Jeevan Sangram Dash (Co-Founder & COO) who is a veteran in executing social impact projects in India. Apart from the above Key leadership, they also have a stellar Advisory team.
Current Business / Market Opportunities / Traction

The Projected Farmland under their Platform (Year 1/ Year 2/ Year 3): 0.6 Mn/ 1.5 Mn/ 4.5 Mn {Achieving 1.15% Market Share in 3 years)

Projected Revenues (Year 1/ Year 2/ Year 3): INR 70.5 Cr/ INR 195 Cr/ INR 641.3 Cr respectively.

Revenue Receivable {After 1 Crop Cycle given Free} (Year 1/ Year 2/ Year 3): INR 35.25 Cr/ INR 132.75 Cr/ INR 418.13 Cr

Projected EBITDA (Year 1/ Year 2/ Year 3): (INR 12.3 Cr)/ INR 19.2 Cr/ INR 101.5 Cr

Revenue till date: INR 4.5 Cr

Projects in pipeline: INR 20 Cr

Summary

1. Secondary Sale:  

Total Round Size: Equity INR 50 Lakhs 

Minimum ticket size – INR 5 Lakhs

Valuation: The previous round valuation of INR 17 Cr (approx. US$ 2 Million). 

2. Primary Investment:

Total Round Size: Pre-Series A round of up to INR 5 Cr as SAFE Notes

Minimum Ticket Size: INR 50 Lakhs

Valuation: INR 90 Cr (pre-money) (approx. US$ 11 Million)

Mode (CCPS / Equity): SAFE Notes

Additional details:

Safe Notes Conversion Terms: A 20% Discount on the Series A Valuation

Projected Valuation by the Founders after 3 years: INR 824 Cr (approx. US$ 100 Million)

Expected Returns on Investment: 245% Annualized ROI (7.36X in 3 Years). 

Minimum Investment Amount per Individual/ Institution: INR 0.5 Cr (50 Lacs)

Round Closing Date: 31st October, 2024

Risks Involved

Like any other startup venture, this also carries inherent risks, including illiquidity and the possibility of total loss. We acknowledge that our capital is at risk, and there is no guarantee of returns. The investors are investing their own capital and are exposed to the same risks as other investors.

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