Met the absolutely brilliant team of 8 cofounders of a bootstrapped and profitable startup recently.
All 8 are farmers kids and have built the venture by solving problems faced by their own family members. Shrilesh Mande is the brilliant leader of this team and I regard him as the Elon Musk of rural India!! Leading a team of 8 cofounders is a remarkable feat in itself. India will hear a lot about Shrilesh Mande and his teams work in the future. Summarising in bullet points for your benefit.
The team is developing a Patented ( in India, Japan & China) Highly affordable and multi utility farm mechanization vehicle for small and marginal farmers called TracTill which aims to disrupt 1Lakh Units/Year+ Power Tiller Market.
They have commercially launched India’s most affordable, Wireless & Modular Farm Automation system for small and Marginal Farmers of India.This mobile operated total farm automation system starts at Just 10-12k per Acre.
They are one of the leaders in Food Processing and Vending machines in Maharashtra selling 250+ Machines last Year especially for sugarcane juice and other beverages.
They have been profitable for the last three Years with 5x Revenue Growth in two years with Target of 3x Revenue growth this Year.
They are looking for strategic partners who can back them in their vision of disrupting Indian Agri tech space with Ground Breaking Innovations achieved through relentless R&D spirit in Farm Mechanization, Farm Automation and Digitization & Food Processing.
Shrilesh can be reached at shrilesh.mande@industill.com
