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How agritech startups like Cropin are leveraging space data for better farm output

VCCircle

VCCircle · 1y ago

How agritech startups like Cropin are leveraging space data for better farm output

Indian agritech startup Cropin is leveraging satellite data to improve farming practices and increase crop yields. By analyzing satellite data and providing it to farmers, Cropin helps optimize sowing times, provides weather warnings, and improves irrigation and pesticide use. This technology has been instrumental in boosting the net profit of farmers like Lokeswara Reddy to INR 20,000 ($240) per acre. The Indian government is also increasingly focused on utilizing satellite data to solve agricultural challenges. With the potential to significantly increase farmers' incomes, the agricultural tech sector in India is rapidly growing.

Related News

18 Agritech Startups Disrupting Agricultural Landscape In India

Inc42 · 1y ago

18 Agritech Startups Disrupting Agricultural Landscape In India

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.

ONO Nets Funding To Boost Supply Chain In Agricultural Produce

Inc42 · 1y ago

ONO Nets Funding To Boost Supply Chain In Agricultural Produce

In 2021, ONO, a crop price and mandi discovery platform for farmers, raised $530K in funding from angel investors. The startup aims to support the agricultural supply chain in India's APMC/MANDI network. With the fresh capital, ONO plans to scale its platform and expand its services, including ONO Connect, ONO Cash, ONO Click, and ONO Mandi. The company claims to be operational in over 45 mandis across six states, with over 30,000 partners. ONO competes with other agritech startups like AgroStar, BigHaat, Cropin, Fasal, and Chifu Agritech. India's agritech space has attracted significant investment, with over $2.4 billion raised by agritech startups since 2014.

CropIn Partners Google Gemini To Launch GenAI Platform For Helping Customers Manage Farms Globally

Inc42 · 1y ago

CropIn Partners Google Gemini To Launch GenAI Platform For Helping Customers Manage Farms Globally

CropIn has collaborated with Google Gemini to introduce CropIn Sage, a real-time agri intelligence platform that utilizes GenAI to assist farmers in managing their farms worldwide. CropIn Sage offers a unique grid-based map for agricultural data, providing accurate and rapid insights into crop yields, disease predictions, and other crucial information. By leveraging this platform, CropIn aims to expand its customer base by 50% in the next 2-3 years and double its revenue.

Agritech firm Ergos secures $10 Mn in Series B funding

Entrackr

Entrackr · 1y ago

Agritech firm Ergos secures $10 Mn in Series B funding

Agritech platform Ergos has raised $10 million in a Series B funding round led by Abler Nordic. Existing investors Aavishkaar Capital, Chiratae Ventures, and Trifecta Venture also participated. Ergos operates a farm-gate based Grainbank model that allows farmers to convert their grains into tradable assets, access credit, and obtain better prices for their produce. The platform currently supports over 160,000 farmers and has a network of farm-gate based warehouses in Bihar, Karnataka, and Maharashtra. The company's revenue surged significantly in FY22, but losses also increased. Investment in agritech startups has declined compared to previous years.

Pixxel, Sarvam AI, Niramai among 10 Indian startups in WEF's Tech Pioneers list

Money Control

Money Control · 1y ago

Pixxel, Sarvam AI, Niramai among 10 Indian startups in WEF's Tech Pioneers list

Ten Indian tech startups, including Pixxel, Niramai, and Sarvam AI, have been recognized by the World Economic Forum's Technology Pioneers 2024 list. The list features 100 leading tech startups focused on applying AI breakthroughs in areas such as clean energy, healthcare innovation, biotech, space, and neurotechnology. Other Indian startups named include Amperehour, Cropin, Entri, HealthPlix, International Battery Company, NxtWave, and String Bio. The startups will join past honorees like Airbnb, Google, Kickstarter, and Spotify. About a third of the recognized startups are led by female chief executives.

What VCs Look for When Investing In Agricultural Startups

Inc42 · 11m ago

What VCs Look for When Investing In Agricultural Startups

Agritech startups are using IoT, AI, and data analytics to revolutionize agriculture. Venture capitalists are investing in startups that use advanced technologies to improve agricultural operations. Investors are looking for ventures that combine technology with a positive social and environmental impact.

Treating a chatbot nicely might boost its performance -- here's why

TechCrunch · 1y ago

Treating a chatbot nicely might boost its performance -- here's why

Phrasing requests with politeness or urgency can affect the performance of generative AI models like ChatGPT. Research has shown that prompts conveying emotion, such as politeness or importance, can yield better results. Emotive prompts appear to activate different parts of the AI model, potentially influencing its output. However, this technique can also be exploited for malicious purposes. While emotive prompts can enhance the behavior of AI models, they do not endow them with true reasoning capabilities. Further research is needed to understand why certain prompts are more effective and how to develop AI models with better contextual understanding.

Harvesting Tech In Farming: A Deep Dive Into The $25 Bn Agritech Market Opportunity

Inc42 · 1y ago

Harvesting Tech In Farming: A Deep Dive Into The $25 Bn Agritech Market Opportunity

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.

Agritech firm AgroStar in talks to raise $40-50 mn to expand private labels

Livemint

Livemint · 1y ago

Agritech firm AgroStar in talks to raise $40-50 mn to expand private labels

Agritech startup AgroStar is reportedly in talks to raise $40-50 million from new and existing investors to expand its private-label business. The Pune-based firm last raised $70 million in Series D funding earlier this year. The company's private brands, spanning seeds to farm equipment, account for over 80% of its revenue. The move comes as agritech firms are increasingly focusing on their own brands to drive revenue and improve margins. However, the overall agritech sector in India has seen a slowdown in investments, with venture capital funding dropping 33% in 2022.

Meet The D2C Startups Dazzling India’s Jewellery Market

Inc42 · 9m ago

Meet The D2C Startups Dazzling India’s Jewellery Market

Summary: In India, traditional retail dominates the jewellery sales market, accounting for 85% of total sales. However, direct-to-consumer (D2C) startups are leveraging the digital revolution to carve out a space for themselves in the industry. Alongside gold and diamond jewellery, categories like daily wear and fashion jewellery have gained popularity among the masses. As the festive season and wedding season approach, these startups can expect an even greater surge in demand.

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