EekiFoods
Eeki Foods is solving a big problem in how vegetables are grown; using indoor hydroponics technology
Founders
Co-Investors
General Catalyst
Innoven Capital
Eeki Foods business model
Eeki Foods is changing the way vegetables are grown in India. Started by two IIT-Bombay grads, Abhay Singh and Amit Kumar, the company grows everyday vegetables like tomatoes and cucumbers without using soil or harmful pesticides. To grow these veggies, Eeki teams up with people who either own land or want to invest. Eeki sets up and runs the farms and the partners earn regular returns from the profits. After harvest, the vegetables are sorted and packed, then sold to businesses like BigBasket, Swiggy, and local vendors. Their goal is simple: to make healthy, fresh, and affordable vegetables available to everyone while helping the environment too.
Why we invested in Eeki
Eeki Foods is solving a big problem in how vegetables are grown in India. Most farming still depends on the weather, needs a lot of water, and uses harmful chemicals. This leads to low and inconsistent crop quality, wasted produce, and unstable prices. Even though India has a huge vegetable market, worth over $50 billion, a lot of the produce never even makes it to the consumer because of poor storage, bad logistics, and outdated farming methods. Farmers lose income and people end up paying more for lower-quality vegetables.
Eeki built special hydroponics chambers using smart technology that control temperature and water, so crops can grow all year round, even in extreme weather, while using much less water and giving higher yields than normal farming.
Eeki is fixing this with its smart, soilless farming system that grows fresh, chemical-free veggies all year round using much less water. They set up high-tech farms in partnership with landowners and investors and manage everything from growing to selling. By directly supplying big buyers like BigBasket and Swiggy, they cut out middlemen and reduce waste. We invested in Eeki Foods because they’re solving a real-world problem in a smart, scalable way and they’re making farming more reliable, profitable, and sustainable for the future.
Where's EekiFoods headed
Eeki Foods has demonstrated remarkable growth and innovation in sustainable agriculture. By May 2024, the company announced plans to invest ₹700 crore over two years to expand operations both domestically and internationally. This expansion includes entering Indian states such as Madhya Pradesh, Maharashtra and Tamil Nadu, as well as international markets like Oman, the UAE, Singapore and Europe. Eeki aims to scale its operations to 800 acres and achieve a revenue of $100 million within short period.
Eeki's patented soilless farming technology enables year-round cultivation, delivering yields 18 times higher per acre than traditional farming methods, while using 80% less water. Automation is central to their operations, with a cloud-based platform managing climate, irrigation and nutrition. This technological edge, combined with strategic partnerships and a focus on sustainability, positions Eeki Foods as a strong contender for unicorn status in the Agritech sector.