Tractor Factory, a startup dedicated to simplifying the purchase and sale of pre-owned tractors and farm equipment, has raised $500,000 (approximately ₹4 crores) in a pre-seed funding round led by early-stage investment firm All In Capital.
The round witnessed participation from prominent investors, including Bharat Founders Fund, Devc, and family offices like Dhingra Partners Prosperity Trust, affiliated with the Kirloskar Generators family office.
Additionally, angel investors such as Samir Sood (Founder of Venture Highway), Abhishek Goyal (Founder of Tracxn), Aayush Phumbra (Founder of Chegg), and Puneet Kumar (from Steadview Capital) contributed to the funding.
The funds will be used to enhance Tractor Factory’s technology, broaden its market presence, and improve customer experience. These initiatives aim to streamline the transaction process for farmers and ensure greater reliability in acquiring pre-owned equipment.
Founded in 2024 by IIT and IIM alumnus Shailesh Tiwari, Tractor Factory addresses the challenges faced by small and mid-income farmers when acquiring low-cost, reliable tractors.
Tiwari, who has over a decade of experience in the tractor and farm equipment industry, emphasized the company’s commitment to eliminating the inefficiencies and risks farmers face in traditional broker-driven transactions.
“We aim to provide access to reliable, affordable tractors and contribute to breaking the cycle of generational poverty among farmers. With the support of our investors, we are targeting ₹1,000 crores in revenue within the next three years,” Tiwari stated.
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Tractor Factory operates through an omnichannel marketplace, serving farmers via an online platform and physical hubs.
Its goal is to make agricultural mechanization accessible and cost-effective for small landholders across the country.
In related industry news, Moonrider, an electric tractor manufacturer, recently secured $2.2 million (₹19 crores) in a seed funding round co-led by AdvantEdge Founders and Micelio Technology Fund, highlighting continued investor interest in the agricultural technology space.
