KG Agrotech is an Agriculture Machine that was a part of Shark Tank India Season 1 Episode 23 for field spraying started by farmer Kamlesh Nanasaheb Ghumare
KG Agrotech’s founder, Kamlesh Nanasaheb Ghumare had asked for 30 lakh in exchange for a 10% stake in his company on Shark Tank India placing a valuation of Rs.3 crore on his company which makes a product for spraying chemicals in the fields of farmers.
Every hamlet in India is seeing new innovation, and many new firms are emerging from the rural areas. It’s a positive thing that India is seeing a lot of new startups that are solving actual problems. India is a global agricultural powerhouse, producing the majority of the world’s agriculture.
What Is KG Agrotech Company Started By Kamlesh Nanasaheb Ghumare And Shark Tank India Deal
KG Agrotech is a Shark Tank India-based firm that creates agricultural-related products. Their product is a multifunctional bicycle that can be used for pesticide spraying, sowing, and carrying luggage. This tool saves the farmer a lot of time by allowing him to accomplish half the work in half the time.
The founder created this device from his house and claims that it is constructed with extremely basic technologies. This has a very low maintenance cost and is offered to the farmer at a very low cost. The founder is from a farming family, and he created this product to solve his own difficulty.
Founder Kamlesh Nanasaheb Ghumare used a motivational anecdote to pitch his invention to Shark on Shark Tank India. In exchange for 10% of his company’s shares, the entrepreneur requested Rs.30 lakhs from Shark. Piyush Bansal, the CEO of Lenskart, contributed Rs.10 lakhs in the firm in exchange for 40 percent equity as a loan without interest.
Who Is The Founder Of KG Agrotech And Biography?
Kamlesh Nanasaheb Ghumare designed KG Agro, a product that solves a farmer’s dilemma. He is a village youngster and a farmer with his brother in the Indian Army who has addressed his difficulty, despite the fact that he had to work hard to do it.
Before appearing on Shark Tank India, KG Agrotech was well-liked by a large number of people, but they did not receive enough attention to update their product. Along with the idea, money is required to create a usable product, which is why the entrepreneur has come to Shark Tank India to pitch his firm.
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