Agritech in India has become a flourishing industry with multiple companies deploying technologies like data analytics, machine learning, and satellite imaging, among others, to help farmers maximise their output. The usage of outdated machinery, poor infrastructure, and farmers’ inability to easily access a larger range of markets are just a few of the issues plaguing India’s agriculture sector. Farmers only make modest earnings from crop sales. The more urgent issues are proper infrastructure and supply chain management. As a result of advancements in technology and digitisation, numerous agritech startups are not only disrupting and revolutionising the Indian agriculture ecosystem but also paving the way to smart and simple farming.
Let’s take a peek at a few startups which are empowering the farmers of India.
Founded by Shashank Kumar in 2012, DeHaat offers agricultural services like access to agricultural inputs like seeds and fertilisers at affordable prices, personalised assistance, soil testing, weather reports, micro-finance, and insurance. DeHaat has raised US$19.3 million to expand its services to the farmers.
2. AgNext Technologies
Established in 2016 by Taranjeet Singh Bhamra, AgNext aims to facilitate trust and transparency in food value chains. By using deep-tech solutions in the agricultural supply chain to solve persisting legacy issues, AgNext aims to facilitate trust and transparency in food value chains. Working in Deep technology, AgNext has pioneered computer vision, spectral and internet of things (IoT)-based artificial intelligence (AI) technologies, which today are employed at multiple transaction points enabling transparent and profitable trade in agriculture and food value chains.
Founded by Rajamanohar Somasundaram, Aquaconnect is a technology-driven full-stack aquaculture inputs and outputs platform with embedded fintech, supported by a phygital distribution network. Aquaconnect provides data-driven farm advisory and marketplace solutions to fish and shrimp farmers through artificial intelligence and satellite remote sensing technologies. Its ‘eyes in the sky and boots on the ground’ model enables farmers access to formal credit.
4. CropIn Technologies
Founded by Krishna Kumar and Kunal Prasad in 2010, CropIn provides a one-stop SaaS-based solutions platform enabling agribusinesses to increase efficiency, productivity and sustainability. Its platform offers real-time weather updates, the ability to manage farm activities, and predicts crop yields to minimise risk and yield better produce.
Unnati, conceptualised and co-founded by Amit Sinha and Ashok Prasad, is a fintech-based agri platform which aims to minimise the risks in farming and ensure much-needed transparency in the farming business. Unnati’s founders recognised the difficulties farmers experience as a result of farming’s lack of predictability and regular access to production inputs and information. Digital technology has the potential to play a key role and deliver immediate answers in this situation.
Founded by Amith Agarwal and Amit Mundawala in 2016, the idea behind AgriBazaar is to deliver tech-enabled future-ready solutions to the farming community in a frictionless manner and revolutionise the way post-harvest management services are processed across the country. It is this vision that empowered AgriBazaar to facilitate INR 9000 crore (GMV) worth of transactions since its inception, making it one of India’s leading online agri-trading marketplaces.
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