9 months ago

Tractor Junction Secures $22.6M Series A, Astanor's First India Investment

Tractor Junction Secures $22.6M Series A, Astanor's First India Investment
Tractor Junction raises $22.6 million Series A, marks Astanor’s first India investment · thehindubusinessline.com

Tractor Junction, a company that helps farmers buy and finance vehicles, got $22.6 million from investors.

They'll use this money to grow their business and help more farmers.

This is the first time a European investment group called Astanor has invested in India.

Tractor Junction has been very successful so far and wants to keep helping farmers get better vehicles and loans.

Key facts

Founded
2018
Headquarters
India
Funding Amount
Investors
Astanor, Info Edge Ventures, Omnivore
Current Stores
75 cities across six States
Loans Facilitated
₹1,500 crore
Partnerships
50+ OEMs across various vehicle segments

Quotes

Rajat Gupta

CEO and founder of Tractor Junction

“For far too long, farmers have been locked out of formal finance and quality vehicle ownership. The latest investment allows us to accelerate financial inclusion and bring down the true cost of rural credit.”
thehindubusinessline.com

Hendrik van Asbroeck

Partner at Astanor

“The investment reflects conviction in the platform’s ability to strengthen rural livelihoods.”
thehindubusinessline.com

Kitty Agarwal

Representative from Info Edge

“Tractor Junction’s focus on strong fundamentals and impactful growth has positioned it as a category-defining rural mobility player.”
thehindubusinessline.com

Abhilash Sethi

Representative from Omnivore

“Tractor Junction’s focus on strong fundamentals and impactful growth has positioned it as a category-defining rural mobility player.”
thehindubusinessline.com

Sources