B2B agri-inputs startup AgroStar has announced the complete acquisition of INI Farms via a combination of cash and stock deal. Through this acquisition, AgroStar will provide more value to its extensive network of farmers by making its products available to consumers around the globe. Shardul Sheth, co-founder and CEO of AgroStar, said that “We will now target the whole fruits and vegetables (F&V) basket in terms of crops and focus on expanding in the EU and North America markets.”

• HDFC Bank Shares Climb 3% on Strong Q1 Update
• Overnight Stock Market Movements: Key Developments 
• Stocks Under F&O Ban 
• Indian Hume Pipe Soars 9% on Rs 738 Cr Rajasthan Order
• Max Estates Jumps 6% as Q1 Pre-Sales Surges 5x

Founded in 2013 by Sitanshu Sheth and Shardul Sheth, AgroStar leverages data and technology to solve farmers’ problems of access to good quality agri-inputs and grasp knowledge. The startup claims it has benefited more than 5 million farmers so far. “AgroStar is India’s largest digital network of farmers, helping them grow better by providing great content, real-time advisory and superior quality Agri inputs. This acquisition will allow us to rapidly scale our business into the domestic and international food supply chains,” Sheth said.

“With AgroStar serving farmers across a different range of crops, INI Farms will have access to a much wider and diverse crop base to offer to our global customers,” Pankaj Khandelwal, chairman and MD of INI Farms said.