Startup Profile

AgNext

Legal entity: AgNext Technologies Private Limited

AI led digital food quality assessment for agricultural supply chains

AgriTech & FoodSeries BB2B SaaS· Mohali, Punjab· Est. 2016Website ↗
AgNext Technologies is an Indian agritech company founded in 2016 and headquartered in Mohali, Punjab (reported as Chandigarh based in early coverage). It builds AI, spectroscopy, computer vision and IoT based hardware and software to assess the quality of agricultural commodities such as grains, oilseeds, spices, tea, milk and animal feed at the point of trade. Its full stack platform, Qualix, is
Funding raised
₹174.30 Cr
Total disclosed
Latest valuation
Most recent round
Latest revenue
Employees

Founders

  • Taranjeet Singh Bhamra

    Founder and CEO of AgNext Technologies. He holds a B.Tech in Agricultural and Food Engineering from IIT Kharagpur (2002) and an MBA from IIM Calcutta, and worked for around two decades in strategy consulting, investment banking and corporate roles before founding AgNext in 2016 to bring objective, technology driven quality assessment to Indian agriculture.

  • Mrigank Sharad

    Co-founder of AgNext Technologies, named alongside Taranjeet Singh Bhamra in early coverage of the company's funding rounds.

Funding rounds

  1. Venture Round2024-06-25Led by Novo Holdings
  2. Series A2021-08-19₹174.30 CrLed by Alpha Wave Incubation
  3. Pre-Series A2019-01-21₹16.60 CrLed by Kalaari Capital
  4. Seed2018-04-15₹17.43 CrLed by Omnivore

The full story

Rich-text rendering of long_story is wired in the design pass.

Timeline

  1. 2024-06Investment from Novo HoldingsDenmark based Novo Holdings announced an investment in AgNext to back its AI based food quality solutions for more sustainable agriculture; the firm described it as its first Asia investment in the planetary health space.
  2. 2021-08Series A of 21 million dollars led by Alpha Wave IncubationAgNext raised a 21 million dollar Series A round led by Alpha Wave Incubation (backed by DisruptAD and managed by Falcon Edge Capital), with participation from Omnivore and Kalaari Capital, at a reported post money valuation of about Rs 375 to 400 crore. It was described as among the largest Series A rounds in Indian agritech; early backer a-IDEA (NAARM) exited with roughly 5x returns.
  3. 2021Selected for Google for Startups acceleratorAgNext was selected for a cohort of Google's startup accelerator program, reflecting growing recognition of its food quality technology.
  4. 2019-01Pre-Series A from Kalaari CapitalAgNext raised about 2 million dollars in a pre-Series A round led by Kalaari Capital, with existing investor Omnivore participating, taking total raised to roughly 4 million dollars at that point. Funds were used to expand its product portfolio and geographic reach.
  5. 2018-04Seed funding from OmnivoreAgNext raised about 2.1 million dollars in seed funding led by agri focused VC Omnivore, with participation from Singapore based and Indian angel investors.
  6. 2016AgNext foundedTaranjeet Singh Bhamra (with co-founder Mrigank Sharad) founded AgNext Technologies in late 2016 to digitise quality assessment of agricultural and food commodities, with early incubation links to IIT Kharagpur and the a-IDEA (NAARM) agribusiness incubator.

Data sources

  • seed-list · last fetched 2026-05-28
  • favicon · last fetched 2026-05-31
  • Entrackr - AgNext raises over $21 Mn led by AWI · last fetched 2026-06-01
  • AgFunderNews - AgNext banks $21m Series A, 5x return for exiting investor · last fetched 2026-06-01
  • AgFunderNews - AgNext raises $2m pre-Series A with Kalaari Capital · last fetched 2026-06-01
  • YourStory - AgNext raises pre-Series A from Kalaari Capital · last fetched 2026-06-01
  • PR Newswire - Novo Holdings announces investment in AgNext · last fetched 2026-06-01
  • AgNext company website (About) · last fetched 2026-06-01
Updated 2026-06-01