Tractor Factory, situated in Jabalpur, has raised Rs 4 crore (approximately $500,000) in its pre-seed round, which was headed by early-stage investment firm All In Capital
Several well-known investors participated in the round, including Bharat Founders Fund, Devc, and family offices like as Dhingra Partners Prosperity Trust (affiliated with the Kirloskar Generators family office).
In addition, angel investors such as Samir Sood (Founder of Venture Highway), Abhishek Goyal (Founder of Tracxn), Aayush Phumbra (Founder of Chegg), and Puneet Kumar (from Steadview Capital) participated in the new investment.
The funds will be utilized to strengthen its technology, broaden its market reach, and improve the customer experience.
Tractor Factory, founded in 2024 by Shailesh Tiwari, is an omnichannel marketplace that meets farmers’ mechanization needs by making it easier and more economical to buy and sell secondhand tractors.
Last week, Moonrider, an electric tractor manufacturer, raised $2.2 million (Rs 19 crore) in a seed round headed by AdvantEdge Founders and Micelio Technology Fund.
According to the data analytics platform TheKredible, EV startups raised $616.78 million in 48 agreements in 2024.
