India, Nov. 13 -- Agritech startup BharatAgri has shut operations due to a funding crunch. Its cofounder and CEO Siddharth Dialani told Inc42 that while the startup raised some funding from its existing investors last year to achieve profitability, it failed to get new funding to sustain its operations.

"While we had achieved positive unit economics, the overhead costs were still high because of which we could not achieve complete profitability," Dialani said.

BharatAgri was looking to raise $6 Mn to $8 Mn in a fresh funding round to sustain its operations. But, as per the cofounder, investors believed that the startup's TAM (total addressable market) was not big enough to achieve the expected scale.

"We could not attract investment fo...