Atal Incubation Centre–JK Lakshmipat University (AIC-JKLU), the incubation arm of JK Lakshmipat University, backed by AIM & NITI Aayog, announced its exit from Agrivijay, a marketplace of renewable energy products for farmers and rural households.
The exit was after the investment was doubled within three years. Agrivijay also announced the exit of angel investor Sanvali Kaushik, who made its investments in the startup in 2022, much earlier than the firm’s first major VC round.
Nidhi Kachhawa, CEO of AIC-JKLU, said, “This exit reinforces our incubation model and the power of innovation with purpose. Agrivijay’s success demonstrates how technology-led solutions can transform rural energy and agriculture.”
Vimal Panjwani, Founder of Agrivijay, said, “AIC-JKLU’s support was pivotal in turning our mission into a scalable business. This milestone is a win for climate-tech and India’s rural energy ecosystem.”
Over the last six years, AIC-JKLU, with the support of the JK Organization, JK Lakshmipat University, AIM, Niti-Aayog, has consistently contributed to the growth, credibility, and impact of the Atal Innovation Mission and its innovation ecosystem.
With an extensive portfolio of 80-plus startups spread over various sectors such as fintech, ed-tech, energy, agritech, and sustainability, the incubator is very welcoming to the founders. They can access 33+ engineering labs, design, and computing facilities, 43+ expert mentors, and 33 strategic partners. The collaboration of the incubator with JK Lakshmipat University offers a multidisciplinary, resource-rich environment for early-stage innovation.
