Carnot Innovations
AcquiredAI-enabled Agri IoT platform for smarter tractors and farming
Mumbai, Singapore · Founded 2018 · $857K raised
- Headquarters
- Mumbai
- Employees
- 51–200
- Founded
- 2018
- Business Model
- B2B
- Website
- carnot-innovations.com
- Total Funding
- $857K
- Last Round
- $800K Venture RoundSep 2020
- Rounds
- 3
About
Carnot Technologies is an AI-enabled Agri IoT platform founded in 2015 by IIT Bombay alumni. The company began in connected cars and connected insurance before pivoting to agricultural IoT. Its flagship product, Krish-e Smart (formerly Simha), equips tractors with IoT devices that provide GPS tracking, utilization analytics, and data-driven insights for tractor rental entrepreneurs and farm enterprises. Backed by Mahindra Group (which holds approximately 69% stake) and Qualcomm, Carnot operates across multiple Indian states covering close to 1.5 million acres of farm area per season, serving over 45,000 customers. The company has also expanded into agri-fintech through a partnership with Avanti Finance.
Summary
Carnot Innovations is a Data & Analytics company based in Mumbai, Singapore, founded in 2018. It has raised $857K in total across 3 rounds, most recently a $800K Venture Round round in Sep 2020. Investors include 500 Global and Entrepreneur First.
Tech & App Stack
2 technologies & apps tracked
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Funding History
Jun 2023
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Venture Round through Secondary Market — per-round amounts, valuations, and who invested in each round.
Investors
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