AgriVijay announces investor exits with 400% returns; co-founder says, 'Profitability was never the goal'

AgriVijay today announced successful exits for two of its early investors with up to 400% returns. The investors, AIC JKLU, the incubation arm of JK Lakshmipat University, backed by AIM & NITI Aayog, and angel investor Sanvali Kaushik, made their investments in the startup in 2022, earlier than the firm’s first major VC round. 

The exit of the two investors comes after the firm’s onboarding of two new investors, ABIF IIT Kharagpur and veteran banker Joginder Singh Shekhawat, bringing the total capital raised since 2020 to Rs 2.47 crore.

The startup has also added another feather to its cap by winning the ANIC 2.0 Challenge by AIM & NITI Aayog 2023, through which it will receive Rs 1 crore in grant and support to scale Make-in-India renewable energy innovations tailored for smallholder farmers.

Shobha Chanchlani, Co-founder of AgriVijay, said, “We built AgriVijay with the belief that clean energy shouldn’t be a luxury for rural families. Profitability was never the goal we chased; it was a byproduct of staying honest to our mission and serving farmers the right way.”

Vimal Panjwani, Founder of AgriVijay, said, “In an environment where startups are burning cash to survive, we chose a different path—being frugal, focusing on fundamentals, empowering last- mile entrepreneurs, and earning trust one village at a time. The investor exit validates that approach.” 

“Our mission is simple—reduce the farmer’s cost, increase their income, and help rural India transition to renewable energy. Everything else follows from that,” he added.

AgriVijay claims to be India's first curated marketplace and agtech climate action social enterprise of renewable & green energy products for farmers & rural households, bringing all products in solar, biogas, electric, agri-tech, and organic under one roof.

The Maharashtra-based company has an energy advisory recommendation approach providing an End-to-End solution, understanding the energy & agriculture needs coupled with waste availability at the farmers’ end. It recommends, sells, finances, delivers, and deploys all products at the farmers’ end, while also abating GHG/CO2 emissions, bringing increased savings & income for farmers aligned with UN SDG’s especially SDG5, SDG7 & SDG13. 

AgriVijay said it has recorded 105% year- on-year growth, achieved profitability in FY 2024–25, and crossed Rs 5 crore in annual revenue, all while remaining deeply grounded in the communities it serves. Furthermore, AgriVijay has enabled clean energy access for 10,350+ rural families across 18 states, 37 districts, and nearly 600 villages.