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Harvesting Tech In Farming: A Deep Dive Into The $25 Bn Agritech Market Opportunity
Inc42
·
1y ago
Medial
The Indian agritech sector has seen significant growth in recent years, with over 1,000 startups operating in the country. These startups are focused on addressing challenges faced by farmers, such as a lack of fair prices for their produce, small landholdings, and supply chain inefficiencies. Despite the potential, agritech penetration in India is still relatively low, and the sector faces challenges like the digital divide and long adoption cycles. However, investors have shown increasing interest in the sector, and government initiatives and funding are supporting its growth. The market opportunity for agritech in India is expected to reach $25 billion by 2025.
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UP Govt Aims To Integrate AI In Farming, Bolster Agritech Startups
Inc42
·
1y ago
Medial
The state government of Uttar Pradesh in India is planning to host a farming summit called 'Krishi Bharat' in November. The summit aims to boost investment in local agritech startups and integrate artificial intelligence (AI) into farming practices. Global venture capitalists will be invited to participate, with a goal of spurring investments in the domestic agriculture value chain. India's agritech startups are projected to have a total market opportunity of $24 billion by 2025, according to a report by EY.
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18 Agritech Startups Disrupting Agricultural Landscape In India
Inc42
·
1y ago
Medial
India's agritech startups are poised for a fourth revolution in the agricultural sector. With a total market opportunity estimated at $24 billion by 2025, these startups are leveraging technologies like the Internet of Things (IoT) and artificial intelligence (AI) to transform the country's farming industry. Some noteworthy agritech startups in India include AgroStar, offering agriculture solutions through a content-led commerce platform; BigHaat, providing technical guidance and high-quality inputs to farmers; CropIn, a SaaS-based platform for digitizing farm operations; and DeHaat, offering end-to-end agricultural services. Other notable startups include Ergos, Eeki Foods, and Ninjacart, among others.
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Agritech startup Leads Connect raises Rs 500Cr led by BL Agro Industries
IndianStartupNews
·
1y ago
Medial
Agritech startup Leads Connect has secured a Rs 500 crore investment from BL Agro Industries Ltd, a leading FMCG firm. The funding will be distributed over three years, giving BL Agro a controlling stake in Leads Connect. The capital will be used for technology development, expanding the reach among farmers, establishing AGRANI Centres in various cities, awareness campaigns, mergers and acquisitions, contract farming, and research in deep tech and AI/ML for agriculture. Leads Connect specializes in farm analytics, crop-cutting experiments, risk management, financial services, and farmer procurement.
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Ruta Kamat's Good Graze brings coconuts back to life
Inshorts
·
2m ago
Medial
Entrepreneur Ruta Kamat founded Good Graze in 2020 to revive her family's coconut-farming legacy in Sindhudurg, Maharashtra. The D2C brand offers clean, coconut-based products while promoting sustainability, ancestral farming, and local employment. With deep personal roots and a passion for wellness, Kamat is turning Good Graze into a global symbol of authentic, sustainable Indian produce.
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Growth Marketing Vs Performance Marketing: Explained by 15+ experts
growthxclub
·
1y ago
Medial
15+ Growth Experts Explain The Difference Between Growth Marketing & Performance Marketing In This Detailed Guide. This Also Features Metrics, JD Breakdowns & Much More To Deep Dive Into The Differences Between Both Roles! Read the full article by clicking on Source button.
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Make in Box secures $260K in pre-Series funding round
Entrackr
·
5m ago
Medial
Make in Box secures $260K in pre-Series funding round Deep-tech startup Make in Box (MIB) has raised $260,000 in a pre-Series funding round led by Mile Deep Works and its affiliate, Mile Deep Capital. The fresh funds will be used to enhance decentralized supply chains and develop mobile smart factory technologies, including its flagship product, “Mfreezer,” MIB said in a press release. Founded in 2020 by Ullas Esturi, Make in Box (MIB) is a deep-tech startup focused on smart factories and agritech solutions. It integrates AI and mobile smart factory technologies, aiming to decentralize supply chains and improve manufacturing efficiency across multiple industries. The company’s solutions serve industries such as auto ancillary, aerospace, defense, construction, inland fisheries, and farming. MIB aims to redefine industrial production by minimizing capital expenditure while maximizing efficiency and sustainability. Its mobile smart factories will bridge the gap between demand and production, ensuring localized and accessible manufacturing solutions that drive economic growth and technological progress. According to MIB, its flagship product “Mfreezer” uses advanced mobile IQF (Individually Quick Frozen) technology to flash-freeze produce at the source, preserving food quality and streamlining supply chains. This innovation aims to boost efficiency and sustainability in the frozen food sector.
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Ex-Swiggy Exec Kedar Gokhale Launches Agritech Startup Orbit Farming
Inc42
·
1y ago
Medial
Former Swiggy executive, Kedar Gokhale, has launched his agritech startup, Orbit Farming, in collaboration with Aishwarya Ramakrishnan. The platform aims to provide farming solutions to mid-sized Indian farmers, specifically those with 2 to 10 hectares of farmland. Gokhale plans to bridge the gap between traditional farming practices and modern technology-driven solutions to help increase farm income. Both Gokhale and Ramakrishnan are actively hiring a founding team for their mission of empowering mid-sized farms.
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Agritech firms expect budget to open up opportunities for them
Economic Times
·
1y ago
Medial
Agritech companies are optimistic about the budget proposals to boost investments in agriculture and allied activities, which is expected to open up opportunities for startups and drive sector growth. The government plans to promote investment in post-harvest activities such as storage, supply chains, processing, and branding. Founders of agritech firms believe that these measures will not only benefit the farmers but also attract more investments into the sector. They also welcome the special focus on dairy and fisheries, which can help diversify farming income and improve access to credit and markets.
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PedalStart leads the pre-seed round in an agritech startup Bull-Agritech
IndianStartupNews
·
1y ago
Medial
PedalStart, a startup accelerator, has led a pre-seed funding round of $100K in agritech company Bull Agritech. The funds will be used to accelerate operations, build the team, and support the growth of the company. Bull Agritech connects farmers directly to agri-commodity processors, aiming to revolutionize the non-perishable agri-trade market and empower farmers through transparent and efficient market connectivity. The startup has facilitated trades worth Rs 25 crore, onboarded 15,000 farmers digitally, and aims to disrupt the monopoly of intermediaries in the agricultural sector.
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Omnivore, BII-backed agritech firm Fasal divesting unit to Innoterra
VCCircle
·
5m ago
Medial
Agritech firm Fasal, backed by Omnivore and others, is divesting its fresh produce distribution business to Swiss-Indian food-tech firm Innoterra. Innoterra aims to leverage Fasal’s extensive farmer network for expanding operations in Bengaluru and Chandigarh, offering premium, traceable produce. Fasal will refocus on providing IoT-enabled farming solutions. Innoterra anticipates Rs 80 crore revenue in FY25 from the fresh fruits business, with plans for further expansion and adoption of precision agriculture practices.
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