The Indian startup ecosystem has set a new record by bagging another round of funding in a few sectors like E-Tractor Tech, Semiconductor manufacturing, 3D Automotive, QSR, Aviation component manufacturing, Mobility, and Software development marks another win for the startupreneurs by raising funds and updating the growth probability and standardizing the products and services. The week went by successfully witnessing funds in every stage of funding from Pre-seed, Seed, Pre-Series A, Series A, Series A1, Series C, and Series D.

Funding News: E-Tractor Tech firm 'Tractor Factory' nets $500K in Pre-Seed round

Startup: Tractor Factory

Founder: Shailesh Tiwari

About us: Tractor Factory is an electric tractor technology startup that provides a multichannel marketplace designed to simplify the buying and selling of used tractors. The company aims to make farm mechanization more accessible and affordable for farmers.

Founded Year: 2024

Office: Jabalpur

Sector: E-Tractor Tech

Funding Round: Pre-Seed

Investors: All In Capital, Bharat Founders Fund, Devc, and family offices like Dhingra Partners Prosperity Trust, and Kirloskar Generators family office.

Tractor Factory, an electric tractor technology startup, has secured 4 crore (approximately $500,000) in a Pre-Seed funding round. The round also saw participation from prominent investors, including Bharat Founders Fund, Devc, and family offices like Dhingra Partners Prosperity Trust, affiliated with the Kirloskar Generators family office.

The capital raised will be utilized to enhance Tractor Factory’s technology platform, broaden its market presence, and improve customer experience.

This pre-seed round marks Tractor Factory's first formal funding initiative aimed at accelerating the development of its technology platform, expanding market reach, and enhancing customer experience.

Kushal Bhagia, Founder of All In Capital says, “India is largely an agri-dominated economy. However, more than 95% of farmers in the country fall under the middle-income category and do not have the resources to buy new tractors, thus limiting their production capacity. Tractor Factory is solving this major problem and addressing the vital needs of small farmers nationwide.”

Website: https://tractorfactory.in