1 week ago
Fragaria Fruits Seeks ₹40 Cr Funding From Blume Ventures
Fragaria Fruits is a company that grows strawberries indoors.
It uses special vertical farms where it controls light, temperature, water, and nutrients.
The company is discussing a new investment of ₹40 Cr.
Blume Ventures may lead this investment, while some existing investors may join.
The money could give the company a value of ₹160 Cr after the investment.
Fragaria previously raised $2 Mn about 10 months ago.
It is building a larger farm near Bengaluru and plans to produce up to 120 kilograms of strawberries each day.
The company also wants to develop farms for blueberries and raspberries.
Chennai-based agritech startup Fragaria Fruits is reportedly in talks to raise ₹40 Cr in fresh funding.
Blume Ventures is expected to lead the round, with existing investors WEH Ventures and Rainmatter also participating.
The investment could value Fragaria Fruits at ₹160 Cr post-money.
Fragaria raised $2 Mn in seed funding about 10 months earlier, led by WEH Ventures.
The startup uses indoor vertical farming to produce premium strawberries and is expanding operations near Bengaluru.
- Who
- Fragaria Fruits, with Blume Ventures expected to lead the round and WEH Ventures and Rainmatter potentially participating.
- What
- Fragaria Fruits is reportedly in talks to raise ₹40 Cr in fresh funding at a potential ₹160 Cr post-money valuation.
- Where
- Fragaria Fruits is based in Chennai and is expanding its farming operations near Bengaluru.
- When
- The talks were reported after Fragaria’s $2 Mn seed round about 10 months earlier; the company was founded in 2024.
- Why
- The funding discussions come as the startup scales its indoor strawberry production and develops additional berry facilities.
Key facts
- Proposed funding
- ₹40 Cr ($4.2 Mn)
- Potential post-money valuation
- ₹160 Cr
- Expected lead investor
- Blume Ventures
- Existing investors mentioned
- WEH Ventures and Rainmatter, among others
- Previous funding
- $2 Mn seed round raised about 10 months earlier
- Target daily output
- 120 kg of premium strawberries
- Reported market outlook
- India’s agritech market is expected to reach $28 Bn by 2030, growing at a 25% CAGR
Sources
Related news
WEH Ventures Broadens Startup Focus Beyond Quick Commerce
4amFresh Achieves Operational Profitability, Prepares for Seed Funding Round
Next Bharat Ventures Links Social Impact With Financial Performance
Bluehill.VC Closes Maiden ₹400 Cr Frontier Tech Fund
Farm Peace Limited Sets September 2026 IPO At ₹59
Strategic funding may propel India's space economy to $100 billion
Battery Smart Targets IPO Amid Rapid Expansion
AI-Powered Apps Aid Healthy Food Choices
Mysa Raises $3.4 Mn for AI Finance Automation
AI Tools Boost Preventive Care in India
