BigHaat raises $10M led by OCP Group’s Bidra Innovation Ventures

FundingIshaan VardhanOct 24, 20267 min read

Bengaluru-based agritech company BigHaat raised $10 million (about ₹83 crore) in February 2026 in a round led by Bidra Innovation Ventures, the US-based venture arm of Moroccan phosphate and fertiliser group OCP, according to Entrackr. Existing investors JM Financial and Ashish Kacholia also invested.

BigHaat sells seeds, fertilisers and crop-protection products to farmers online and buys produce such as spices from them. It says it will use the money to expand that farmer network and build a traceable food supply chain that meets export standards. This article covers the round, BigHaat’s business and finances, and what a fertiliser giant gets from backing an Indian farm marketplace.

Key takeaways

• The $10 million round, announced on 11 and 12 February 2026, was led by Bidra Innovation Ventures, backed by OCP Group, with JM Financial and Ashish Kacholia following on.
• BigHaat crossed about ₹1,100 crore of revenue in FY25 (the year to March 2025), up from about ₹1,050 crore, and cut its net loss to ₹25 crore, according to Entrackr.
• About 85% of revenue comes from selling farm produce, not from farm inputs or digital services.
• The company told AgFunder News it aims for $1 billion in annual revenue within five years, starting with spice sourcing in Africa.

The round

Bidra Innovation Ventures led the $10 million round, and existing backers JM Financial and Ashish Kacholia took part, Entrackr reported on 11 February. Entrepreneur India put the round at about ₹83 crore. The valuation was not disclosed.

The round followed a smaller top-up three months earlier. In November 2025, BigHaat raised ₹37 crore in an extension of its Series C, its first fundraise in more than a year, according to Entrackr. JM Financial put in ₹15 crore, and Ashish Kacholia and Suresh Kumar Agarwal ₹10 crore each. Before that, BigHaat’s main round was ₹100 crore led by JM Financial in January 2022. Earlier investors include Beyond Next Ventures and Ankur Capital.

Reported totals for all money raised vary. Entrackr put BigHaat’s total funding at about ₹300 crore after the February round, while AgFunder News reported about ₹200 crore ($22 million) raised before it. Whichever figure is used, it is a fraction of what larger rivals have raised: DeHaat has raised $270 million and AgroStar $150 million, according to an Entrackr analysis.

What the company and investor said

CEO Sateesh Nukala said the OCP partnership would help BigHaat bring advanced agricultural solutions to Indian farmers, according to Entrackr. Yassine Cherkaoui, CEO of Bidra Innovation Ventures, told AgFunder News that BigHaat’s backward-integration model, which links the inputs farmers buy with the crops they sell, builds lasting connections across the farm value chain.

What BigHaat does

BigHaat was founded in 2015 and is based in Bengaluru, according to its website, which lists Sateesh Nukala (CEO), Sachin Nandwana and Kiran Vunnam as co-founders. It describes itself as an agri digital platform covering the farming cycle from “pre-harvest to post-harvest”.

AgFunder News described the business in three parts:

• Pre-harvest. An online marketplace for farm inputs, with more than 400 brands and about 10,000 products, including seeds, fertilisers, crop protection and equipment.
• Post-harvest. AgroHaat, a platform for sourcing spices, grains and pulses from farmers and selling them to buyers.
• Data. Free crop advice for farmers, which generates what BigHaat says is more than a million farm-level data records a day.

The company says nearly 3 million farmers use it each month. Its website also takes orders by missed call and offers video content in English, Hindi, Telugu, Kannada and Tamil.

The financials

BigHaat’s revenue is large for an agritech startup, but most of it comes from trading crops, a low-margin activity. According to Entrackr’s August 2025 report:

Scroll the table sideways →

About 85% of revenue came from selling farm produce, and agri-inputs plus digital services made up the remaining 15%. Exports and advanced processing, a newer and higher-margin line started in FY25, accounted for about 20% of monthly revenue, Entrackr reported. The company set a revenue target of ₹1,400 crore for FY26.

BigHaat’s audited FY26 figures had not been published in the sources we could find as of 4 October 2026, so we cannot say whether it met that target. In February, it told AgFunder News it was close to EBITDA breakeven and expected to be fully profitable in 2026.

Why OCP is interested

OCP Group is a Moroccan state-owned phosphate miner and fertiliser producer, founded in 1920, whose first mine was at Khouribga, according to Wikipedia. Its OCP Africa unit operates in 16 African countries. Bidra says it is backed by OCP, “steward of the world’s largest reserves of phosphate”, and by UM6P, a Moroccan research university, according to Bidra’s website. Bidra invests in early and growth-stage companies in agriculture, industrials and mining.

For a fertiliser maker, a platform with millions of farmers is a way to reach growers directly with crop nutrition products and advice, and to learn what they need. Nukala’s comment about bringing “advanced agricultural solutions” to farmers points to that route. For BigHaat, a strategic investor in plant nutrition with an existing African business could help in Africa, the region where it plans to expand first.

Expansion plans: spices and Africa

BigHaat told AgFunder News that it plans to:

• keep expanding in India;
• enter markets in Africa, starting with spices, and then Southeast Asia;
• scale its input and market-linkage businesses;
• earn money from its farm data platform; and
• source more traceable spices, grains and pulses.

The headline goal is $1 billion in annual revenue within five years, from about $121 million today, according to AgFunder News. That would require growth far faster than the single-digit rise it reported in FY25, so the target depends heavily on new markets and higher-value export products such as spices grown to international food-safety standards.

Entrackr noted BigHaat’s focus on environmental practices, including carbon reduction and integrated pest management (IPM), a method that limits chemical pesticide use. Practices like these, combined with traceability, are what BigHaat is relying on to sell spices to overseas buyers.

The agritech funding climate

BigHaat raised money in a tough market. Indian agritech startups raised $160 million in 2025, down 30% from $231 million in 2024 and far below the 2022 peak of $802 million, according to an Entrackr analysis published in January 2026. The same report listed DeHaat’s FY25 revenue at ₹3,010 crore and Ninjacart’s at ₹1,634 crore, down 19%, and noted the merger of Unnati and Gramophone as a sign of consolidation.

In that climate, investors favour agritech companies that are near profitability and have raised little capital relative to their revenue, which is how BigHaat presents itself.

Why it matters

BigHaat’s round is small, but it shows where agritech money is going in 2026: towards companies with real revenue, a path to profit and a strategic partner, rather than towards fast growth funded by losses. The OCP link also shows how a global fertiliser group can use an Indian platform to reach smallholder farmers directly.

The open questions are whether BigHaat hit its ₹1,400 crore FY26 target, whether it reached full profitability, and how quickly the African spice business grows. Track new agritech and other rounds on our funding tracker, and see Bengaluru roles on our engineering jobs page.

FAQ

How much did BigHaat raise in 2026?

$10 million (about ₹83 crore) in February 2026, led by Bidra Innovation Ventures, with JM Financial and Ashish Kacholia participating.

What is Bidra Innovation Ventures?

A US-headquartered venture firm backed by Morocco’s OCP Group and the UM6P university. It invests in agriculture, industrials and mining companies.

Who founded BigHaat?

Sateesh Nukala, Sachin Nandwana and Kiran Vunnam founded it in 2015 in Bengaluru. Nukala is CEO.

What is BigHaat’s revenue?

About ₹1,100 crore in FY25, with a net loss of ₹25 crore, according to Entrackr. Most revenue comes from selling farm produce.

Is BigHaat profitable?

Not yet at the net level. It was EBITDA positive in the last three quarters of FY25 and told AgFunder News in February 2026 that it expected full profitability in 2026.

Sources

1. Entrackr, “BigHaat raises $10 Mn led by OCP Group’s arm Bidra Innovation”, 11 February 2026
2. Entrepreneur India, “Agritech Platform BigHaat Secures USD 10 Mn from Bidra Innovation Ventures”, 12 February 2026
3. AgFunder News, “BigHaat unveils global expansion plan, $1bn annual revenue goal as it edges towards profitability”, 12 February 2026
4. Entrackr, “Exclusive: BigHaat crosses Rs 1,100 Cr revenue in FY25; turns EBITDA profitable”, 26 August 2025
5. Entrackr, “Exclusive: BigHaat to top up Series C led by JM Financial”, 18 November 2025
6. Entrackr, “India’s Agritech at inflection point: funding revival, profitable models, and consolidation”, 28 January 2026
7. BigHaat, “About Us”, accessed 4 October 2026
8. Bidra, “About Us”, accessed 4 October 2026
9. Wikipedia, “OCP Group”, accessed 4 October 2026

Featured image: Smallholder farming in Raichur, Karnataka. BigHaat, based in Bengaluru, says nearly 3 million farmers use it each month. · Photo: Nanditha Gogate, WELL Labs / Wikimedia Commons, CC BY-SA 4.0

How this article was made: researched and drafted with AI assistance by the 100xFounder editorial desk, using only the sources listed in it; every figure links to its source. Read our editorial policy, or report an error through our corrections policy.

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