The agricultural sector is the most important industry of the Indian Economy which consists of around 60% of the population employed in it. It contributes to around 18% of India’s GDP.
Around 20 agro-climatic regions exist around the world and 15 of the climates exist in India. Thus the climate supports agriculture of all types of crops, making us the 2nd largest cultivable land resource in the world.
With such a boon for the economy, Agritech companies or startups have increased tremendously due to the growth and developments in technology. Agritech startups are the startups that are developed to help farmers produce better yields using new and improved technologies.
They help farmers in earning more income and not just the farmers but also the people involved in the food supply chain that is from the farmers, Manufacturers, suppliers, retailers, and to the end consumers. Let’s look at the Top 10 Agritech startups in India –
AgNext :
AgNext is a startup that aims to provide solutions with regard to Quality and trust in food chains. They assess the food quality through an AI-Driven SaaS platform for automated and instant food quality results in less than 30 seconds.
The idea was incubated at IIT Kharagpur and received the largest funding of 25 million. The Founder of AgNext is Taranjeet Singh Bhamra and it was founded in 2016, headquartered in Chandigarh, Punjab.
AgriBazaar:
AgriBazaar is India’s leading online marketplace for the trading of agricultural commodities. They have a mobile app that helps the buyers and sellers to directly perform the transaction or sale without the interference of middlemen. Hence it provides fair pricing and transparency during the pre and post-harvesting solutions. Agribazaar was founded by Amith Agarwal in 2016, headquartered in Mumbai.
Ninjacart:
Ninjacart is one of the pioneers of solving the supply chain problem through innovative technology. They bridge the gap between producers and retailers, restaurants, and other service providers using their apps.
They distribute the orders in less than 12 hours. They have a very cost-effective, high-speed logistics, and infrastructure which enables them to reach their clients quickly. Ninjacart was founded in 2015 by two founders, Thirukumaran Nagarajan, and Vasudevan Chintambi, and is headquartered in Bangalore.
CropIn:
It is a leading AI and data-led Agri Tech firm that provides SaaS solutions in agribusiness. Using technologies such as data analytics, artificial intelligence, machine learning, and remote sensing, they have an interconnected network of all the stakeholders.
They have digitized over 5.5 million acres of farmland and helped over 2 million farmers in 46 countries which in itself is a huge landmark. CropIn was founded by Krishna Kumar, Kunal Prasad, and Chittaranjan Jena in 2010. It is headquartered in Bangalore.
Fasal:
Fasal is a startup that designs agricultural platforms to simplify the cultivation of crops. It provides necessary information on irrigation, fertilizers, fungicides, pesticide management, and real-time alerts on weather changes, soil, and crops. As of now, it has got a total funding of 9.9 million. Ananda Verma founded Fasal in 2018, headquartered in Bangalore.
Gold farm:
Founded by Karthic Ravindranath and Abhilash Thirupathy in 2013 in Bangalore, Gold Farm offers a Mobile app platform to book tractors for farmers, and farm equipment including water pumps and irrigation machines in India.
They also provide Solar water pumps for farmers working where there are frequent power cuts. Their very vision is to build the sustainability of farmers through innovation and technology.
Aibono :
Aibono was founded in 2014 by Vivek Rajkumar and is headquartered in Bangalore. It’s the first AI-backed fresh food aggregator that syncs real-time production and real-time consumption of fruits and vegetables.
They have a program named “Seed to Plate”, which delivers 2x yields, guaranteed income, and control on output while ensuring good produce to the farmers and consumers.
Waycool :
The founders of this Agritech startup are Karthik Jayaraman and Sanjay Dasari, and it was founded in 2015. It is headquartered in Chennai.
Waycool is an agri-commerce platform focusing on food development and distribution using innovative technology and a complex supply chain from soil to sale. Waycool has a farmer engagement program- Outgrow, which works with more than 85,000 farmers. They have fresh fruits and vegetables, staples, and dairy through which they are serving over 1,00,000 clients across multiple channels.
Agrostar :
Agrostar is an agritech startup offering solutions to the two biggest problems – Lack of healthy and sustainable farming and limited access to quality farm inputs for good farming. It is currently helping in transforming oil palm.
This startup was founded in 2013, by Shardul Sheth and Sitanshu Sheth, headquartered in Pune.
EM3 Agri Services :
EM3 Agri services were started in 2013, by Adwitiya Mal and Rohtash Mal, headquartered in Noida. The startup is into rental services like Land Preparation, sowing, and planting, harvesting, Crop management, post-harvest farm management, etc. EM3 has developed an app called “Samadhan” through which they help farming operations with standardized bills, quality and timely services, and harvesting.
FAQ: –
How many agritech startups are in India?
– There are about more than 1,000 agritech startups in India. 2) What is DeHaat doing?
– DeHaat connects farmers to suppliers and buyers on a single platform. It’s an online marketplace for providing all agricultural products and services to farmers.
Is AgriTech growing?
– Agritech is a fast-growing industry and since India is more dependent on agriculture, due to innovation and technology, startups are growing extensively.
What is an Agritech platform?
– Agritech platform is a platform where buyers and sellers meet online for their requirements such as agricultural produce, inputs, equipment, and services.
