From Bootstrapped to Profitable: AgriVijay Attracts Acquisition Offers While Raising PreSeries A

Introduction: A Rare Milestone in Agritech

In an inspiring success story for India’s agritech and climate-tech sectors, AgriVijay, the country’s first marketplace dedicated to renewable and green energy solutions for farmers, has become one of the very few agri-climate tech startups to achieve profitability.
What makes this achievement stand out is the absence of major venture capital funding — instead, the company relied on grassroots innovation, community-driven operations, and a sharp focus on sustainable impact.

Founding Story: Built During the Pandemic

Founded in June 2020 by Vimal Panjwani and his mother Shobha Chanchlani, AgriVijay was born from a shared vision to empower farmers, reduce reliance on fossil fuels, and promote sustainable farming practices.
The mission was to make clean and green energy products available, accessible, and affordable, aligning with the United Nations Sustainable Development Goals (UN SDGs).
According to Vimal, “Profitability was never the only goal but the result of doing things right, with impact at the center.”

Mother-Son Leadership: Experience Meets Vision

Shobha and Vimal combined decades of grassroots agricultural knowledge with technical expertise in clean energy to build a scalable social enterprise.
Their platform enables farmers to move away from diesel, firewood, and chemical-heavy practices toward solar, biogas, organic, and electric-powered alternatives. This transition lowers costs, improves productivity, and addresses climate change.

Technology-Driven Farmer Advisory

AgriVijay operates through a blended physical and digital model.

  • AI-enabled chatbot and farmer-first advisory service provide tailored recommendations based on farm size, waste type, and usage needs.

  • Product portfolio includes 200+ energy-efficient products sourced from 55+ partner companies, including solar pumps, clean cookstoves, biogas digesters, electric tractors, drones, solar sprayers, and fencing systems.

Renewable Energy Store Franchise Model

To enhance rural reach, AgriVijay launched “AgriVijay Renewable Energy Stores”, a franchise model empowering rural entrepreneurs to act as energy advisors in their own communities.
Currently:

  • 101+ Renewable Energy Stores in Maharashtra, Rajasthan, Uttar Pradesh, Telangana, and Andhra Pradesh.

  • 18+ states, 37 districts, and 595+ villages served.

Measurable Impact on Rural Communities

AgriVijay’s work has translated into tangible outcomes:

  • 10,350+ rural families impacted.

  • 900+ acres of farmland irrigated with solar solutions.

  • 264,240 kg of firewood saved.

  • 124,153+ tons of CO₂ emissions prevented.

Growth Without High Burn

The company recorded a 105% YoY revenue growth, reaching an annual turnover of INR 5 crore, without heavy spending or capital infusion.
Shobha Chanchlani, a National & State Awardee under the Punyashlok Ahilyadevi Holkar Grant, emphasizes:

“We built AgriVijay for farmers, not funders. Our profits are environmental and social as much as they are financial.”

Early Support & Institutional Backing

AgriVijay’s lean yet impactful model was supported by several enablers:

  • Indigram Labs under DPIIT’s Startup India Seed Fund Scheme (SISFS)

  • Atal Innovation Mission (AIM)/NITI Aayog with AIC JKLU, AIC RMP, and AIC ADT Baramati Foundation

  • NABARD, IRMA, and multiple angel investors

  • ANIC 2022 Winner with ₹1 Cr funding from AIM & NITI Aayog

  • Grants from IGKV Raipur (RKVY RAFTAAR) and DST NIDHI Seed Support Scheme from ICRISAT

Awards and Global Recognition

AgriVijay has gained both national and international recognition:

  • Winner, SolarX Startup Challenge (APAC) 2024

  • Winner, Avinya – The Energy Startup Challenge 2025

  • Two-time FICCI Startup Awardee (2021 & 2024)

  • NASSCOM SME Inspire Awardee 2025

  • Top Finalist, Mint AI Tech4Good Awards by Mint & Salesforce

Strategic Partnerships for Greater Impact

Through collaborations with JSW Foundation, UNDP, Government of Japan, BAIF, Grameen Foundation, SELCO Foundation, and MGNREGA, AgriVijay has expanded its reach and enhanced its credibility in solving rural energy and climate challenges at scale.

Pre-Series A Funding and Acquisition Interest

Currently, AgriVijay is in the process of raising its Pre-Series A round while attracting strong interest from strategic investors and even receiving acquisition offers.
The company is also exploring international expansion into Africa and Southeast Asia.

Vision for the Future

Vimal Panjwani asserts:

“We’re not building a marketplace; we’re building a climate-resilient, farmer-first energy ecosystem that can uplift rural economies across developing nations.”

AgriVijay’s journey proves that agritech success can be profitable, purpose-driven, and scalable — setting a benchmark for startups that combine technology, sustainability, and social impact without losing sight of the farmer.

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Location: Pune, Maharashtra, India

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