KG Agrotech is an Agriculture Machine to be added in Shark Tank India Season 1 Episode 23 which is used for spraying in the field. The founder of KG Agrotech has demanded 30 lakhs in exchange for a 10% share of his company in Shark Tank India.
New innovation is happening in every village of India, many new startups are coming from the village area. It is a good thing that a lot of new startups are happening in India which solves the real problem. India is a global agricultural powerhouse, most of the agriculture in the world is done in India itself.
What Is KG Agrotech?
KG Agrotech is a startup incorporated in Shark Tank India, which makes products related to agriculture. Their product is a multipurpose bicycle that performs pesticide spraying, seeding, and luggage carrying. This product saves a lot of time of the farmer, through this the farmer can do half the farming in less time.
The founder made this product from his home, the founder says that this product is made with very simple technology. The maintenance cost is very low in this and it is available to the farmer at a very low price. The founder himself comes from a farmer’s family, he himself has made this product in view of his problem.
KG Agrotech Shark Tank India Update
|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|
|Episode (Shark Tank India)||Season 1 Episode 23|
|Business Status||In Business|
|Net Worth/Valuation||₹3 Crores|
Who Is The Founder Of KG Agrotech?
KG Agrotech, a product that solves the farmer’s problem, was created by Kamlesh Nanasaheb Ghumare. This is a village boy who has solved his problem, he had to struggle a lot to solve it.
KG Agrotech Before Shark Tank
KG Agrotech was liked by a lot of people before coming to Shark Tank India but they were not getting enough fanfare to upgrade this product. To make a useful product, along with the idea, money is also needed, so the founder has come to Shark Tank India for his business.
KG Agrotech Get Deal’s In Shark Tank India
Founder Kamlesh Nanasaheb Ghumare pitched his product at Shark Tank India with a motivation story to Shark. The founder asked Shark for 30 lakhs in exchange for 10% of his company’s shares. Lenskart CEO Piyush Bansal invested ₹10 lakhs in this startup in return for 40% equity and also he gave ₹20 lakhs loan without interest.
Next, we will give you information about this KG Agrotech startup.