India, Nov. 19 -- Rural India-focussed tractor marketplace, Tractor Junction, has raised $22.5 Mn (around INR 200 Cr), in a mix of equity and debt, as part of its Series A round led by Europe-based global impact fund Astanor.

Existing backers Info Edge Ventures and Omnivore also participated in the funding round. While the startup bagged $17 Mn in equity funding, the remaining $5.5 Mn came from financing.

Tractor Junction will use fresh capital to enhance its online and offline presence, expand its refurbishment and certification network, and solidify its financing arm FINJ.

"It will be used to develop our in-house tech capabilities, invest in AI, and deepen the presence of our commerce. We are present across 75 cities in six states an...