13.1 C
New Delhi
Sunday, January 26, 2025

Tractor Factory Raises ₹4 Crore: Big Plans for India’s Pre-Owned Equipment Market

Published:

SS Tractor Factory Private Limited, better known as Tractor Factory, has raised ₹4 crore (approximately $500,000) in a pre-seed funding round. The investment was led by All In Capital, an early-stage venture capital firm, with participation from prominent investors such as Bharat Founders Fund, Devc, and Dhingra Partners Prosperity Trust—affiliated with the Kirloskar Generators family office.

Adding more weight to the round were angel investors like Samir Sood (Founder, Venture Highway), Abhishek Goyal (Founder, Tracxn), Aayush Phumbra (Co-founder, Chegg), and Puneet Kumar (Steadview Capital), underscoring strong confidence in the startup’s vision.

Continue Exploring: The End of a Retail Era: Neville Noronha Checks Out, Anshul Asawa Checks In

Launched in 2024 by IIT and IIM alumnus Shailesh Tiwari, Tractor Factory aims to streamline the buying and selling of pre-owned tractors and farm equipment. This initiative addresses the fragmented and often unreliable market, which poses significant challenges for farmers seeking affordable machinery.

Continue Exploring: NONSTOP launches first flagship store in Mumbai, offering mobility and wellness solutions

The freshly raised funds will be directed toward scaling the platform’s technology, enhancing customer experience, and expanding its reach across underserved regions. “Farmers often face barriers in accessing reliable and low-cost tractors, perpetuating financial struggles. Tractor Factory’s mission is to bridge this gap, ensuring access to affordable machinery that can boost agricultural productivity,” said Shailesh Tiwari, who brings over a decade of experience in the farm equipment sector.

Continue Exploring: 

With plans to generate ₹1,000 crore in revenue within three years, Tractor Factory is set to reshape India’s agricultural landscape, empowering farmers and creating a more efficient market for pre-owned farm equipment.

Subscribe to our Newsletter!

Stay updated on the latest news, trends, and top startups with Snackfax's daily newsletter!

Related articles

Recent articles

)?$/gm,"$1")],{type:"text/javascript"}))}catch(e){d="data:text/javascript;base64,"+btoa(t.replace(/^(?:)?$/gm,"$1"))}return d}-->