India, April 9 -- Agritech startup AgroStar has raised INR 57.6 Cr (around $6.7 Mn) in a fresh funding round led by existing investor Accel India.

The round also saw participation from Aavishkaar India, Bertelsmann, Evolvence India, Chiratae Ventures and Hero Enterprises.

As per the regulatory filing accessed by Inc42, AgroStar's board approved the issuance of 1,45,385 compulsory convertible non-cumulative preference shares (CCPS) at an issue price of INR 3,965 per share.

In a separate filing, the startup also disclosed that it issued an additional 21,940 CCPS to Bertelsmann Nederland B.V. at the same issue price, raising INR 8.6 Cr.

Founded in 2013 by Sitanshu Sheth and Shardul Sheth, AgroStar leverages data and technology to solve f...