Company lists
The Ludhiana edition · 2026

Food and agriculturecompanies in Ludhiana

Food & beverage, farm equipment, processing equipment, food processing, agri inputs and more: the companies building food and agriculture in Ludhiana, with their founders, funding, team size and business models.

76 company profiles23 with reported revenue1 with recorded fundingOctober 2026 edition
Ludhiana · Photo: Wikimedia Commons (Creative Commons Attribution-ShareAlike 4.0)

Recent food and agriculture business events in India

Funding, M&A, contract wins and launches involving 16,235 food and agriculture companies in India, last 24 months: 359 M&A deals · 175 Contracts · 155 funding rounds · 99 launches. Newest first; companies and investors link to their Fliar profiles. Latest event in our news feed: Jun 2026.

LaunchBeer

Medusa Beverages

Beer maker Medusa Beverages has entered South India, launching in Karnataka with plans for extensive retail reach.

Beer
LaunchNaturally degradable milk pouch (Cow Milk variant)

Mother dairy

Mother Dairy has announced the launch of what it describes as India's first naturally degradable milk pouch in soil. The packaging innovation will be introduced through the company's Cow…

Dairy / Packaging
FundingDebt Investment

Licious

InnoVen Capital on Thursday announced making a debt investment in Licious with an investment worth Rs. 12 crores.

Investors Innoven capital
Gourmet Meat / Food Supply Chain
M&AAcquisition · Rumored

Mohamed Alabbar acquires Iffco

Alabbar told Bloomberg he had sent letters to IFFCO's board members and lending banks expressing interest in acquiring the whole business

Food and consumer goods manufacturing
LaunchGamber Valley Indian Single Malt Whisky

Alcobrew distilleries india

Alcobrew Distilleries India Limited has made its formal entry into the luxury segment with the launch of Gamber Valley Indian Single Malt Whisky, a range built around Himalayan…

Whisky
Funding

Iscon Balaji Foods

Trilegal Advised Iscon Balaji Foods on INR 2,000 Crore Investment by Advent International and 360 ONE Alternates Asset Management

Investors Advent international, 360 ONE Alternates Asset Management
Food processing and export-led manufacturing
FundingSeries D Extension

Blue Tokai

Blue Tokai raises new investment to advance global growth ambitions The Gurugram-based specialty coffee group has raised an additional Rs 175 Cr ($19m) in an extension of its Series D…

Coffee
M&AAcquisition · Completed

Nippon india mutual fund acquires Jubilant foodworks

an additional 45,31,932 shares were acquired. This represents 0.6868% of the total share capital and voting rights of Jubilant Foodworks Limited

Food
M&AAcquisition · Completed

CM AIRTIME PROMOTION LLP acquires Chambal fertilisers and chemicals

CM AIRTIME PROMOTION LLP has announced the purchase of 30,000 equity shares in Chambal Fertilisers and Chemicals Ltd.

M&AAcquisition · Announced

Advent International, L.P. acquires Iscon Balaji Foods

JSA advised Advent International in its acquisition of a significant minority stake in Iscon Balaji Foods Private Limited, through a combination of primary infusion and secondary…

Frozen Food Manufacturing and Export
M&AAcquisition · Completed

Advent acquires Iscon Balaji Foods

Private equity (PE) investor Advent has bought a minority stake in Gujarat’s Iscon Balaji Foods (IBF) in a $150 million deal, the companies said in a joint statement on Tuesday, without…

Frozen potato products / food
M&AAcquisition · Announced

Crystal crop protection acquires FMC India Private Limited

Crystal Crop Protection Limited has acquired 100% shareholding of FMC India Private Limited from FMC and its group entities for approximately ₹2,268 crore.

Crop Protection
M&AAcquisition · Announced

Wingreens acquires Safe harvest

Indian packaged food and beverage company Wingreens has acquired pesticide-free food brand Safe Harvest through a share swap deal

Food & Beverage
M&AAcquisition · Completed

Chalet hotels acquires Seasons hotels

Chalet Hotels has completed the acquisition of 100% of the Equity Share Capital of Seasons Hotels. Consequently, the said entity has become a wholly-owned subsidiary of the Company.

Hotel
FundingAngel investment

Rosier Foods

Rosier Foods Secures Angel Investment from Aman Gupta A2 Gir cow ghee and organic pantry brand Rosier Foods has secured investment from boAt co-founder Aman Gupta through his venture…

Food, organic pantry brand
ContractService

Dentsu · client: Creambell

Ice cream brand Creambell has awarded its integrated media and creative mandate to Dentsu, according to sources. The account, estimated to be worth close to Rs 40 crore, was previously…

M&AAcquisition · Completed

United spirits limited acquires Royal Challengers Bengaluru

The acquisition of Royal Challengers Bengaluru (RCB) in March, for instance, had included both the men’s Indian Premier League franchise and the Women’s Premier League franchise, from…

Sports/Cricket Franchise
LaunchReady-to-drink Coffee & Protein beverages and Protein Cold Foam

Starbucks

Starbucks Global Chief Brand Officer Tressie Lieberman said in January that “protein has been a great incremental driver,” prompting the company to expand into ready-to-drink Coffee &…

Beverage
LaunchMango flavor

Starbucks

Starbucks introduced a new mango flavor to its Refreshers earlier this month.

Refreshers
ContractSupply

Chowgule and Company · client: Boomsma shipping

Indian shipbuilder Chowgule and Company has begun conducting sea trials of a new dry cargo vessel ordered by Netherlands-based shortsea shipping specialist Boomsma Shipping.

Shipping
LaunchCafé Mocha

Vadilal Industries

Vadilal Industries launches its latest campaign, ‘#IceCreamWaliSituationship’, and two delicious new flavours - Café Mocha and Pista Kunafa.

Ice Cream Flavor
LaunchFresh Dosa Batter

Mtr foods

MTR Foods, a part of Orkla India, on Wednesday launched its Fresh Dosa Batter and Rice Rava Idli Batter in the Hyderabad market.

Fresh Batter
M&AAcquisition · Completed

SCM Commercial Private Limited acquires Deepak Fertilisers & Petrochemicals

SCM Commercial Private Limited has completed the acquisition of 74,00,000 equity shares, representing 5.86% of the paid-up equity share capital of Deepak Fertilisers & Petrochemicals.

Fertilisers & Petrochemicals
LaunchGenAI-Powered Conversational Agents

L&t finance

In collections, L&T Finance has transitioned from traditional NLP bots to GenAI-powered conversational agents, enabling over 7.2 million customer interactions across 10 Indic languages.

Collections chatbot
M&AAcquisition · Completed

Chalet hotels acquires Seasons hotels

Chalet Hotels has successfully completed the first tranche of its acquisition of Seasons Hotels Private Limited, officially making it a subsidiary of the company.

Hospitality
LaunchLiver Detox Tablets

Aayush Wellness

Aayush Wellness has launched its latest innovation, Liver Detox Tablets.

ContractService

Jubilant foodworks · client: Inspire brands

Jubilant FoodWorks is in discussions with US-based Inspire Brands to transfer the India franchise rights of Dunkin', ahead of the expiry of its existing agreement at the end of December…

Funding

Agrow allied ventures private limited

Agrow Allied Ventures Private Limited has raised ₹186 crore from a combination of primary capital infusion by India Advantage Fund S5 I, a fund managed by ICICI Venture Funds Management…

Investors India Advantage Fund S5 I
Agrochemicals

Food and agriculture companies in Ludhiana, by revenue

Browse food and agriculture companies in Ludhiana by reported revenue, one-year revenue growth, revenue model, age and stage. The 23 companies below are the largest by their most recent reported revenue among 23 food and agriculture companies in Ludhiana that have filed a figure in the last four years. Every figure keeps its own reporting period, so compare periods before comparing amounts.

Showing 23 of 23

Manufacturer and distributor of cola beverage

Food & beverage products
₹1,248.30 crFY 2024-25
+7%2024–2025
876-28% 12 mo to Sep 2024LinkedIn · Oct 2026
32 yr1994
0none in 3 months

Packaged food brand, manufacturing confectionery products.

Food & beverage products
₹730.81 crFY 2024-25
+4%2024–2025
105+2% 12 mo to Sep 2024LinkedIn · Oct 2026
41 yr1985
0none in 3 months

Provider of virtualization and automation software for businesses and service providers

Food & beverage products
₹369.36 crFY 2024-25
-3%2024–2025
12+0% 12 mo to Mar 2023LinkedIn · Jul 2026
22 yr2004
0none in 3 months

Provider of dairy solutions

Services for livestock farms
₹174.22 crFY 2024-25
+27%2024–2025
59+0% 12 mo to Sep 2024recorded Sep 2024
16 yr2010
0none in 3 months

Leading manufacturer-exporter of high-quality farm machinery, rotavators, and agricultural equipment

Crop equipment
₹161.09 crFY 2024-25
+6%2024–2025
33-7% 12 mo to Sep 2024LinkedIn · Oct 2026
17 yr2009
0none in 3 months

Manufacturer and exporter of tractor parts, agriculture machinery parts, hydraulic cylinders, and other engineering goods

Crop equipment
₹131.59 crFY 2024-25
+22%2024–2025
200+19% 12 mo to Sep 2024LinkedIn · Oct 2026
35 yr1991
0none in 3 months

Bouquet of farm equipments.

Crop equipment
₹122.09 crFY 2024-25
+8%2024–2025
15LinkedIn · Jul 2026
22 yr2004
0none in 3 months

Manufacturer of ethnic Indian snacks and confectionery

Food & beverage products
₹96.21 crFY 2023-24
+5%2023–2024
44LinkedIn · Jul 2026
16 yr2010
0none in 3 months

Manufacturer of wheat flour and related products

Food & beverage products
₹95.78 crFY 2024-25
+12%2024–2025
12+12% 12 mo to Sep 2024LinkedIn · Jul 2026
33 yr1993
0none in 3 months

Modern Insecticides produces and distributes pesticides, agrochemicals, and public health products.

Crop inputs
₹66.93 crFY 2021-22
Not reported
20-17% 12 mo to Feb 2024recorded Feb 2024
—
—No postings tracked

Online platform that specializes in the sale of sweets, snacks, and namkeens, offering a wide range of artisanal products to customers through its e-commerce website

Food & beverage products
₹58.64 crFY 2024-25
+25%2024–2025
15LinkedIn · Jul 2026
38 yr1988
0none in 3 months

Manufacturer and supplier of a range of industrial & gardening tools and equipment

Crop equipment
₹35.76 crFY 2024-25
+15%2024–2025
370+6% 12 mo to Sep 2024recorded Sep 2024
38 yr1988
0none in 3 months

Manufacturer and supplier of various agricultural and industrial products, including wheat, gram flour, and farming machinery

Food processing
₹34.42 crFY 2024-25
+43%2024–2025
—Not available
9 yr2017
0none in 3 months

New Era Machines - An emerging global leader in biscuit & cookie production line manufacturing

Food processing & packaging equipment
₹29.76 crFY 2021-22
Not reported
123+23% 12 mo to Mar 2024LinkedIn · Jul 2026
—
0none in 3 months

Producer and exporter of vegetable and field crop seeds

Crop inputs
₹29.01 crFY 2024-25
-6%2024–2025
22LinkedIn · Jul 2026
28 yr1998
0none in 3 months

Manufacturer and supplier of veterinary medicine products

Veterinary health products
₹20.25 crFY 2024-25
+34%2024–2025
4LinkedIn · Jul 2026
30 yr1996
0none in 3 months

Internet first brand of organic food and wellness products, including teas, grains, and oils

Food & beverage products
₹8.89 crFY 2024-25
+202%2024–2025
17-72% 12 mo to Aug 2024LinkedIn · Jul 2026
8 yr2018
0none in 3 months

Internet first brand of tea

Food & beverage products
₹8.01 crFY 2024-25
+200%2024–2025
24+433% 12 mo to Jun 2023LinkedIn · Jul 2026
4 yr2022
0none in 3 months · last posted Jun 2026

Provider of carpentry, contracting, and facility management services

Crop equipment
₹7.27 crFY 2024-25
-2%2024–2025
—Not available
18 yr2008
0none in 3 months

Soy Milk Products

Food & beverage products
₹5.91 crFY 2024-25
-4%2024–2025
13-27% 12 mo to Sep 2024LinkedIn · Jul 2026
23 yr2003
0none in 3 months

Food processing company that specializes in the development and distribution of fruit based products

Food processing
₹2.40 crFY 2024-25
+313%2024–2025
—Not available
8 yr2018
0none in 3 months

Chain of fast food joints

Food service chains
₹51.39 lakhFY 2024-25
-44%2024–2025
—Not available
14 yr2012
0none in 3 months

Chain of limited service restaurant serving burgers, samosa, chicken nuggets, and other snacks

Food service chains
₹3.79 lakhFY 2024-25
+5%2024–2025
—Not available
18 yr2008
0none in 3 months
23 of 76 companies shown here · the full list is on Radar
Fliar Radar

Explore all 76 food and agriculture companies in Ludhiana on Radar

This page shows the top 23. Radar has the complete, filterable list with contacts and live company signals.

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  • Every company, not just 50All 76 food and agriculture companies in Ludhiana, filterable by stage, funding, team size, revenue model and age.
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Explore food and agriculture companies in Ludhiana by what you are looking for

Find top food and agriculture companies in Ludhiana, including food processing companies, farm machinery makers and agri input suppliers. See food and agriculture startups in Ludhiana and who is hiring.

7 ways to explore food and agriculture in Ludhiana

Food & beverage product companiesFarm machinery & agricultural equipment makersFood processing & packaging equipment companiesFood processing & agro products companiesSeeds, agrochemicals & crop input companiesRestaurants, food retailers & online grocery

Food & beverage product companies

Makers of packaged foods, snacks, flour, confectionery and drinks.

  1. Ludhiana Beverages

    Manufacturer and distributor of cola beverage

    Food & beverage products
    See in list
  2. Bonn

    Packaged food brand, manufacturing confectionery products.

    Food & beverage products
    See in list
  3. Supreme Agro

    Provider of virtualization and automation software for businesses and service providers

    Food & beverage products
    See in list
  4. Darshan Foods

    Manufacturer of ethnic Indian snacks and confectionery

    Food & beverage products
    See in list
  5. Sartaj

    Online platform that specializes in the sale of sweets, snacks, and namkeens, offering a wide range of artisanal products to customers through its e-commerce website

    Food & beverage products
    See in list

Farm machinery & agricultural equipment makers

Manufacturers and exporters of tractors parts, farm machinery and agricultural tools.

  1. Swan Agro

    Leading manufacturer-exporter of high-quality farm machinery, rotavators, and agricultural equipment

    Crop equipment
    See in list
  2. Yerik International

    Manufacturer and exporter of tractor parts, agriculture machinery parts, hydraulic cylinders, and other engineering goods

    Crop equipment
    See in list
  3. BCS India

    Bouquet of farm equipments.

    Crop equipment
    See in list
  4. Falcon Garden Tools

    Manufacturer and supplier of a range of industrial & gardening tools and equipment

    Crop equipment
    See in list
  5. Black Stallion

    Provider of carpentry, contracting, and facility management services

    Crop equipment
    See in list

Food processing & packaging equipment companies

Machinery makers for food processing, edible oil extraction and packaging.

  1. New Era Machines

    New Era Machines - An emerging global leader in biscuit & cookie production line manufacturing

    Food processing & packaging equipment
    See in list
  2. CHOCODEW

    Manufacturer and supplier of coffee vending

    Foodservice equipment
    Website
  3. Khosla Enterprises

    Provider of milking machines and enterprise software solutions for various industries

    Food processing & packaging equipment
    Website
  4. Smarttech Industry

    Manufacturer of feed plant, feed mixer & cattle feed machines

    Food processing & packaging equipment
    Website
  5. Rezon Studio

    Provider of brand strategy, branding, and packaging design for businesses

    Marketing services
    Website

Food processing & agro products companies

Processors and exporters of rice, flour, spices, edible oil and other food products.

  1. Gillco Agro

    Manufacturer of wheat flour and related products

    Food & beverage products
    See in list
  2. Gobind Expeller Comp

    Manufactures equipment for processing edible oil

    Food processing & packaging equipment
    Website
  3. Prime Industries

    Manufacturer of vegetable oil and involved in corporate financial activities

    Food processing
    Website
  4. Sai Food Products

    Flour processing company

    Food & beverage products
    Website
  5. y Indian Pride Food Pvt Ltd

    Provider of rice, spices, pulses, tea, and other food products

    Food processing
    Website

Seeds, agrochemicals & crop input companies

Suppliers of seeds, pesticides and other crop inputs.

  1. Milworld

    Modern Insecticides produces and distributes pesticides, agrochemicals, and public health products.

    Crop inputs
    See in list
  2. Doctor Seeds

    Producer and exporter of vegetable and field crop seeds

    Crop inputs
    See in list
  3. Saraswatigroupdb.com

    Manufacturer of agrochemicals, crop protection products, bottling, and packaging solutions

    Crop inputs
    Website
  4. Maxgrowbiotech

    Provider of agriculture, herbal, veterinary, personal, and home care products

    Crop inputs
    Website
  5. Tron Technology

    Manufacturer of tron color dorters for various industries, including food, metal, and plastic, enabling precise sorting operations.

    Food processing & packaging equipment
    Website

Restaurants, food retailers & online grocery

Food chains, bakeries and online sellers of groceries and food.

  1. Nicosia International

    Manufacturer and supplier of veterinary medicine products

    Veterinary health products
    See in list
  2. House of Veda

    Internet first brand of organic food and wellness products, including teas, grains, and oils

    Food & beverage products
    See in list
  3. Samosa Express

    Chain of fast food joints

    Food service chains
    See in list
  4. The Gourmet Distributor

    Distributor of food and beverages

    Food distributors
    Website
  5. Bluwage

    Provider of cloud kitchen, mess food, and food delivery services

    Food tech
    Website

Food and agriculture startups in Ludhiana

Newer food and agriculture companies founded in the last few years.

  1. Freshleaf

    Internet first brand of tea

    Food & beverage products
    See in list
  2. The Gourmet Distributor

    Distributor of food and beverages

    Food distributors
    Website
  3. y Indian Pride Food Pvt Ltd

    Provider of rice, spices, pulses, tea, and other food products

    Food processing
    Website
  4. Balrajagro

    Manufacturer of agricultural sprayers and tools for farming applications

    Crop equipment
    Website
  5. Prabhsimran Food

    Manufacturer, supplier, and wholesaler of haldi powder and turmeric powder

    Food retailers
    Website
14 companies in Ludhiana
The business behind the activity

Food and agriculture financials in Ludhiana

Revenue, profit and growth from the filed annual accounts of 23 food and agriculture companies in Ludhiana for FY24-25 — 26 of the 76 companies on this page file accounts with the Ministry of Corporate Affairs. The five largest earn 79% of the revenue, so medians describe the typical company better than totals.

combined revenue, FY24-25₹3,385.46 cr

23 companies filing accounts

combined net profit₹146.28 cr

4.3% aggregate margin

are profitable87%

20 of 23 companies

median revenue~₹35.8 cr

the typical company

median revenue growth+13%

into FY24-25

earned by the top five79%

revenue concentration

Six-year view

Combined revenue of filing companies

₹1,896.83 crFY19-2017 filers
₹1,915.83 crFY20-2117 filers
₹2,405.34 crFY21-2219 filers
₹3,074.56 crFY22-2320 filers
₹3,235.40 crFY23-2423 filers
₹3,385.46 crFY24-2523 filers

The number of companies filing changes each year; the three-year cohort below compares like with like.

Like-for-like

The same 19 companies over three years

+11%
FY22-23₹2,982.58 cr₹186.19 cr net
FY23-24₹3,088.56 cr₹127.75 cr net
FY24-25₹3,315.95 cr₹147.71 cr net

Companies with accounts for all three years, so growth is not an artefact of who filed.

Scale and profit

Bigger companies are far more often profitable

Under ₹1 cr2100% profitable
₹1–10 cr650% profitable
₹10–100 cr7100% profitable
₹100–1,000 cr7100% profitable
Over ₹1,000 cr1100% profitable

Companies by FY24-25 revenue. Bars show how many companies sit in each band.

Momentum

How fast revenue moved into FY24-25

Shrinking5
0–20%8
20–50%6
50–100%0
Doubled+3

22 companies with accounts for both years; median growth +13%.

Profitability

Profit is concentrated at the top

20profitable
3loss-making
4.3%aggregate margin
1.6%median margin

The aggregate margin is pulled up by a few large filers; the median shows the typical company.

Growth leaders · ₹10 cr+ revenue

Fastest growing, FY24-25

CompanyGrowthRevenue
Kartar GroupKARTAR ROLLER FLOUR MILLS PVT LTD+43%₹34.42 cr
Nicosia InternationalNICOSIA BIOLABS INTERNATIONAL PRIVATE LIMITED+34%₹20.25 cr
New Era MachinesNEW ERA MACHINES PRIVATE LIMITED+33%₹51.08 cr
PDSPROGRESSIVE DAIRY SOLUTIONS LIMITED+27%₹174.22 cr
SartajSARTAJ FOOD INDUSTRIES PRIVATE LIMITED+25%₹58.64 cr
Yerik InternationalYERIK INTERNATIONAL PRIVATE LIMITED+22%₹131.59 cr
Profit leaders · ₹10 cr+ revenue

Highest net margins, FY24-25

CompanyMarginRevenue
New Era MachinesNEW ERA MACHINES PRIVATE LIMITED17.8%₹51.08 cr
Swan AgroNEW SWAN MULTITECH LIMITED7.3%₹161.09 cr
Ludhiana BeveragesLUDHIANA BEVERAGES PRIVATE LIMITED6.7%₹1,248.30 cr
Doctor SeedsDOCTOR SEEDS PRIVATE LIMITED6.5%₹25.95 cr
BCS IndiaBCS INDIA PRIVATE LIMITED.5.3%₹122.09 cr
PDSPROGRESSIVE DAIRY SOLUTIONS LIMITED3.1%₹174.22 cr
Inside the industry

Sub-sectors compared, FY24-25

Sub-sectorCompaniesRevenueMedian revenueProfitableMargin
Food & beverage products8₹2,516.82 cr~₹77.2 cr88%4.2%
Crop equipment5₹457.80 cr~₹122.1 cr100%4.9%
Leaders

Largest food and agriculture companies by revenue, FY24-25

Company · legal entityRevenueNet resultMarginGrowth
Ludhiana BeveragesLUDHIANA BEVERAGES PRIVATE LIMITED₹1,248.30 cr₹83.94 cr6.7%+7%
BonnBONN NUTRIENTS PVT LTD₹721.92 cr₹11.42 cr1.6%+4%
Supreme AgroSUPREME AGROFOODS PRIVATE LIMITED₹369.36 cr₹10.85 cr2.9%-3%
PDSPROGRESSIVE DAIRY SOLUTIONS LIMITED₹174.22 cr₹5.48 cr3.1%+27%
Swan AgroNEW SWAN MULTITECH LIMITED₹161.09 cr₹11.76 cr7.3%+6%
Yerik InternationalYERIK INTERNATIONAL PRIVATE LIMITED₹131.59 cr₹3.06 cr2.3%+22%
BCS IndiaBCS INDIA PRIVATE LIMITED.₹122.09 cr₹6.51 cr5.3%+8%
MilworldMODERN INSECTICIDES LIMITED₹100.49 cr₹1.13 cr1.1%+17%
Gillco AgroGILLCO AGRO PRIVATE LIMITED₹95.78 cr₹91.69 lakh1.0%+12%
SartajSARTAJ FOOD INDUSTRIES PRIVATE LIMITED₹58.64 cr₹40.91 lakh0.7%+25%
Some figures are available to Radar members.Log in to Radar to see every figure

Standalone annual accounts filed with the Ministry of Corporate Affairs. Brands that share one legal entity are shown together and counted once.

Industry landscape report

Food and Agriculture Industry Landscape of India

The financials above are one chapter. The full food and agriculture landscape of Ludhiana maps the whole industry — every segment, the capital behind it, the talent market and where the next opportunities are.

  • Market map of every sub-sector
  • Funding & company formation by year
  • Revenue, profit & financial strength
  • Digital footprint: traffic, apps, releases
  • Hiring, skills & pay
  • Founders & leaders
  • News & sentiment
  • Where demand runs ahead of supply
Read the food and agriculture landscape of Ludhiana
For investors and data teams

Put this intelligence into your own tools

The figures on this page come from Fliar’s company, funding and MCA filings data. Use it through the Investor Intelligence API and MCA financials feeds, or explore every company, filing and investor in Radar.

Capital & corporate activity

Food and agriculture funding and M&A across India

2,444 recorded equity rounds have gone to 16,235 food and agriculture companies in India — how much, at which stage, into which sub-sectors, from whom, and how Ludhiana compares. Debt, IPO and grant rounds are excluded.

equity rounds, last 12 months76

US$339.10m

equity rounds, last 24 months284

US$979.11m

raised over five yearsUS$4.31bn

1,266 rounds in India

M&A deals, India359

last 24 months

Capital by year

Equity funding into food and agriculture in India

amount rounds
$582m2018141
$442m2019165
$384m2020158
$934m2021237
$1.2bn2022273
$628m2023243
$731m2024263
$581m2025193
$236m202657

Bars show US$ raised; the number under each year is equity rounds. 2026 is year to date. The peak year was 2022, with US$1.20bn across 273 rounds.

The funding ladder · five years

Rounds and typical cheque by stage

AngelUS$132.20m264 rounds · median US$110k
SeedUS$444.86m671 rounds · median US$343k
Series AUS$709.06m172 rounds · median US$2.99m
Series BUS$729.90m69 rounds · median US$7.14m
Series CUS$674.96m40 rounds · median US$12.03m
Series D+US$1.44bn40 rounds · median US$19.85m
Private equityUS$178.24m10 rounds · median US$20.50m
Where the money went · five years

Most-funded sub-sectors

Online groceryUS$1.05bn248 rounds · 81 companies
Food & beverage productsUS$1.01bn476 rounds · 215 companies
Food service chainsUS$693.10m208 rounds · 80 companies
Alcoholic beverage productsUS$411.89m99 rounds · 42 companies
Food processingUS$323.26m58 rounds · 32 companies
Consumer and sme loansUS$163.10m11 rounds · 2 companies
Crop inputsUS$150.94m8 rounds · 6 companies
Corporate activity · last 24 months

M&A in India

330Acquisition
26Merger
1Takeover

Most active acquirers

  1. Tilaknagar industries19
  2. Devyani international15
  3. Varun beverages12
  4. Mahindra & mahindra9
  5. Allied blenders and distillers7

Most acquired or merged

  1. Adani wilmar10
  2. Wellbeing nutrition8
  3. Balaji wafers8
  4. Sapphire Foods India6
  5. Haldiram’s5

Each deal appears in the events strip at the top of the page.

Go deeper in the food and agriculture landscape reports:

Food and Agriculture Industry Landscape of India

Founders and momentum in Ludhiana

Meet the people behind food and agriculture companies in Ludhiana. 21 of 76 companies list founders or leaders; where a public LinkedIn profile matches exactly, the expanded profile shows the photo, headline, location and education.

Explore Ludhiana food and agriculture companies by sub-sector

The most common specialisations among food and agriculture companies in Ludhiana. Open a company to see what it sells, who runs it and how far it has come.

Keep exploring food and agriculture in India and nearby markets.

Coming soon