The founder of KG Agrotech requested ₹30 lakhs in exchange for a 10% equity stake in his company during Shark Tank India. KG Agrotech is a startup focused on agricultural innovations.
Their flagship product is a multipurpose bicycle designed for pesticide spraying, seeding, and carrying luggage. This innovative tool significantly reduces the time farmers spend on tasks, allowing them to accomplish much of their work more efficiently.
The founder developed this product from home, utilizing straightforward technology. It boasts low maintenance costs and is offered to farmers at an affordable price.
| Company Name | KG Agrotech |
| Founder | Kamlesh Nanasaheb Ghumare |
| Business | Multipurpose bicycle for pesticide spraying, seeding, and luggage carrying |
| Asked For | ₹30 Lakhs for 10% Equity |
| Final Deal | ₹10 Lakhs for 40% Equity & ₹20 Lakh 0% Intrest |
| Shark | Peyush Bansal |
| Episode (Shark Tank India) | S1 E23 |
| Business Status | In Business |
| Net Worth/Valuation | ₹3 Crores |
| Website | Visit Website |
KG Agrotech, a product designed to address farmers’ challenges, was created by Kamlesh Nanasaheb Ghumare. As a village boy, Kamlesh faced significant struggles to develop a solution to these issues.
During his appearance on Shark Tank India, Piyush Bansal, CEO of Lenskart, invested ₹10 lakhs in the startup in exchange for 40% equity. Additionally, he provided a ₹20 lakhs interest-free loan to support the business.
