By admin 
Agritech startup AgroStar has closed a $30 million funding round led by climate-focused investor Just Climate. Existing backers, including Accel, Aavishkaar Capital, Bertelsmann, Evolvence India, Chiratae Ventures and Hero Enterprises, also participated in the round. While the Pune-based company did not disclose any details beyond the amount and investors, the platform reviewed regulatory filings to determine its valuation, round breakup and complete shareholding structure. According to its filings with the Registrar of Companies, AgroStar initiated the round in April 2025 by issuing 126,636 Series E CCPS and 63,046 equity shares at an issue price of Rs 3,965.34 each to raise $8.5 million.
Climate-focused investor Just Climate led the round with an investment of Rs 190 crore ($21.6 million), followed by Aavishkaar Capital and Accel India, which invested Rs 25 crore ($2.84 million) and Rs 13 crore, respectively. Other existing investors, including Bertelsmann India Investments, Evolvence India, Chiratae Ventures, and Hero Enterprises, participated with the rest of the capital injection.
According to analysis, AgroStar’s post-money valuation remains flat at Rs 2,190 crore (around $250 million), similar to its valuation when it began its Series E round in May 2022.According to startup data intelligence platform, the Accel-backed company raised around $150 million to date, including its $70 million Series D round raised in December 2021 from Evolvence, Schroders Capital, Hero Enterprise.
Following the allotment of this round, Schroders Capital is the largest shareholder with a 14.75% stake, followed by Chiratae Ventures at 12.01% and Accel at 10.36%. New investor Just Climate will hold 8.63%, while co-founders Sitanshu Sheth and Shardul Sheth together retain around 7.8%. The agritech sector has raised only around $389 million in recent years, and several startups have shut down or laid off staff, underscoring the need for a fresh green revolution as the industry faces significant survival challenges.
About Agrostar
Agrostar has been founded in 2013 by Sitanshu Sheth and Shardul Sheth. AgroStar operates a hybrid online–offline marketplace for farmers, offering farm advisory, agri-inputs, and technical guidance through its digital platform and network of retail touchpoints.