AgriVijay, a marketplace and Agtech Climate Action Social Enterprise dedicated to Renewable and Green Energy products for farmers and rural households, announced successful exits for two of the company’s early investors with up to 400% returns.
The investors, AIC JKLU, the incubation arm of JK Lakshmipat University, backed by AIM & NITI Aayog, and angel investor Sanvali Kaushik, made their investments in the startup in 2022, much earlier than the firm’s first major VC round.
The exit of the two investors comes immediately after the firm’s onboarding of two new investors, ABIF IIT Kharagpur and veteran banker Joginder Singh Shekhawat, bringing the total capital raised since 2020 to ₹2.47 crore. The company has also added another feather to its cap by winning the ANIC 2.0 Challenge by AIM & NITI Aayog 2023, through which it will receive INR 1 crore in grant and support to scale Make-in-India renewable energy innovations tailored for smallholder farmers.
Shobha Chanchlani, Co-founder of AgriVijay, said, “We built AgriVijay with the belief that clean energy shouldn’t be a luxury for rural families. Profitability was never the goal we chased; it was a byproduct of staying honest to our mission and serving farmers the right way.”
Vimal Panjwani, Founder of AgriVijay, said, “In an environment where startups are burning cash to survive, we chose a different path—being frugal, focusing on fundamentals, empowering last-mile entrepreneurs, and earning trust one village at a time. The investor exit validates that approach. Our mission is simple—reduce the farmers’ cost, increase their income, and help rural India transition to renewable energy. Everything else follows from that.”
