Archive · 21 Aug 2026
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.
- When
- The talks were reported after Fragaria’s $2 Mn seed round about 10 months earlier; the company was founded in 2024.
- Where
- Fragaria Fruits is based in Chennai and is expanding its farming operations near Bengaluru.
- Why
- The funding discussions come as the startup scales its indoor strawberry production and develops additional berry facilities.
- 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