Redcliffe’s Financials, Revenue, Profit, Valuation & Shareholding Overview (2025)
Legal Name: Redcliffe Lifetech Private Limited | CIN: U85100UP2021PTC140992
Redcliffe Labs, founded in 2018 by Aditya Kandoi, Dheeraj Jain, and Ashish Dubey, empowers agricultural health with its digital crop health platform. Headquartered in Bengaluru, Redcliffe leverages AI-powered drone imagery and satellite data to deliver real-time disease identification and nutrient management recommendations to farmers and agri-enterprises. By combining remote sensing with agronomic expertise, the platform enables precision interventions, reducing crop losses and optimizing yields. In FY24, Redcliffe Labs achieved ₹180 Cr in revenue, posted a net profit of ₹25 Cr, and reached a 15% EBITDA margin while growing its team to 250 employees. Backed by Matrix Partners India, Indian Angel Network, and Omnivore, the company has raised $37 million to expand its service to 100,000+ acres and integrate blockchain for supply chain traceability. Redcliffe Labs is positioned to scale precision agriculture across India and Southeast Asia.
| Founding Year | 2018 |
|---|---|
| Headquarters | Bengaluru, Karnataka, India |
| Valuation | ~$100 M (2023) |
| Total Funding | $37 M |
| Annual Revenue | ₹180 Cr (FY24) |
| Annual Net Profit | ₹25 Cr (FY24) |
| EBITDA Margin | 15% (FY24) |
| Employees | ~250 (FY24) |
| Round | Date | Amount | Investors |
|---|---|---|---|
| Seed | 2019 | $2M | Indian Angel Network |
| Series A | 2021 | $10M | Matrix Partners India |
| Series B | 2023 | $25M | Accellorate, Omnivore |
- Expand AI-driven advisory to new crop segments by FY26.
- Integrate blockchain for end-to-end crop traceability.
- Form partnerships with agrochem companies for bundled services.
- Scale to 500,000 acres under management by FY27.
- Prepare for IPO after sustained double-digit EBITDA margins.
In 2025, Redcliffe Labs raised a $10 M extension round from Omnivore to launch Southeast Asia operations.
| Metric | Details |
|---|---|
| Revenue | ₹80 Cr → ₹120 Cr → ₹180 Cr |
| Profit | ₹-5 Cr → ₹10 Cr → ₹25 Cr |
| EBITDA Margin | -2 % → 8 % → 15 % |
| Employees | 150 → 200 → 250 |
| Funding | $2 M → $10 M → $25 M |
| IPO Status | Private; eyeing public listing post scale-up. |
| Expansion Focus | AI advisory, blockchain, partnerships. |
| Latest News | SEA launch funding |
Redcliffe Labs’ rapid growth, profitable margins, and technology leadership position it as a pioneer in digital agriculture and a strong IPO candidate in the coming years.
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- Tracxn & Crunchbase: funding history
- Press: Omnivore extension round
- Inc42 & ET: FY financials
- Redcliffe Labs website
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