Founder · Balwaan Krishi

Shubham Bajaj

Co-founder & Chief Business Development Officer of Balwaan Krishi, an agricultural machinery company based in Jaipur.

Co-founder · Chief Business Development OfficerJaipurAgricultural Machinery
Founded
2016
Jaipur, India
Raised to date
$16.7M
3 rounds on record
Latest round
Series B
$10.5M · September 2026

About

Shubham Bajaj is Co-founder & Chief Business Development Officer of Balwaan Krishi, an agricultural machinery company based in Jaipur, founded in 2016. Balwaan Krishi's most recent disclosed round was a Series B of $10.5M in September 2026.

Compiled from StartupFox records · updates as coverage is published

Company

Est. 2016
Balwaan Krishi
Agricultural Machinery · Jaipur · Active

Balwaan Krishi is a Jaipur agricultural machinery company making small farm equipment for Indian farming conditions, operating through Modish TractorAurKisan Private Limited. Founded in 2016 by brothers Rohit and Shubham Bajaj, it sells brush cutters, power weeders, sprayers, water pumps, tillers, augers, chainsaws, harvesters and hedge trimmers, along with spare parts, accessories and refurbished equipment, priced between ₹10,000 and ₹1 lakh. That range is aimed at small and marginal farmers, who make up roughly 86% of Indian farmers and cultivate under two hectares each, for whom tractors an

Funding
September 2026Series B$10.5MFirst Bridge India Growth Fund Private Equity (lead), other institutional investors
June 2024Series A$4.2MJM Financial Private Equity
May 2023Pre-Series A$2MCaspian Leap for Agriculture Fund (lead), Deepak Agarwal, Rishab Jain, Pulkit Bachhawat
Company profile →3 rounds on record

Journey with Balwaan Krishi

3 milestones
  1. 2016Founded

    Founded in Jaipur by brothers Rohit and Shubham Bajaj as Modish TractorAurKisan Private Limited, building affordable mechanisation for small and marginal farmers rather than tractor-scale equipment.

  2. Jul 2023Milestone

    Launches India's first ISI-marked agricultural power equipment, covering brush cutters, sprayers and water pumps, and partners with BigHaat, Moglix, IndustryBuying, Tractor Junction and Mahindra & Mahindra to widen distribution.

  3. Jun 2024Funding

    Raises a ₹40 crore Series A from JM Financial Private Equity, earmarked for product development and distribution expansion including Southern India.

Also building Balwaan Krishi

RBRohit BajajCo-founder · CEO→

Coverage

1 story
Funding · 28 Sept 2026 · 7 min read
Balwaan Krishi Raises ₹100 Crore to Stop Importing the Machines It Sells

Quick answers

Who is Shubham Bajaj?

Shubham Bajaj is a Co-founder & Chief Business Development Officer of Balwaan Krishi, an agricultural machinery company based in Jaipur, founded in 2016.

Who founded Balwaan Krishi?

Balwaan Krishi's founders and leadership on record at StartupFox are Rohit Bajaj and Shubham Bajaj.

How much funding has Balwaan Krishi raised?

Balwaan Krishi has raised $16.7M across 3 disclosed rounds on record. The latest was a Series B of $10.5M in September 2026, with First Bridge India Growth Fund Private Equity (lead), other institutional investors.

Where is Balwaan Krishi based?

Balwaan Krishi is headquartered in Jaipur, India.

What has StartupFox reported about Shubham Bajaj?

StartupFox has published 1 story naming Shubham Bajaj; the most recent is “Balwaan Krishi Raises ₹100 Crore to Stop Importing the Machines It Sells”.

Sources & updates

This profile is compiled by the StartupFox desk from company announcements, regulatory filings and our own reporting. If this is you, you can verify it with LinkedIn and edit it.

Last updated
How we verify
Sourcing standards
Spot an error?
Request a correction