Because India has been endowed with such a wide range of agro-ecological diversity, it has historically led the world in agricultural productivity.
Indian agritech businesses are sitting on multibillion-dollar potential as one of the largest agricultural sectors in the world experiences an increase in tech penetration. In fact, an EY analysis estimates that by 2025, India’s agritech entrepreneurs may potentially capture a $24 billion industry. Additionally, investors from India and other countries are aware of this potential, as these businesses have raised more than $2.4 billion since 2014, according to Inc42’s data.
India is on the cusp of a fourth agricultural revolution that could upend the global food chain. Having said that, we have put together a list of some of the notable agritech startups in India, highlighting the creative advances they are achieving in changing the agricultural landscape.
AgroStar
AgroStar was founded in 2013 by Shardul and Sitanshu Sheth and provides farmers with interactive voice response (IVR)-based agricultural solutions through an app.
Farmers can use the startup’s mobile application to read and watch agronomy content, post pictures of their crop problems to get advice, connect with other farmers, and use voice search to find agriproducts and transact on the platform. The platform is multilingual and content-led.
BigHaat
BigHaat is a farmer-focused digital marketplace that was founded in 2015 by Raj Kancham, Sachin Nandwana, and Sateesh Nukala. It provides farmers with access to a large variety of high-quality inputs as well as technical assistance.
This full-stack data-based technology gathers information via seven or eight different channels in order to track customer behavior, sales trends, and cropping patterns. BigHaat uses the data to analyze and forecast how much product a specific farmer will produce and how other outside variables like pests and weather patterns will effect it.
CropIn
CropIn is a SaaS-based agritech platform that offers real-time data and insights to assist farm-to-fork enterprises in digitizing their operations and enhancing their decision-making process.
On its website, CropIn, which was founded in 2010 by Krishna Kumar and Kunal Prasad, states that it has worked with more than 250 groups worldwide, digitised more than 16 million acres of farmland, and improved the lives of around 7 million farmers.
DeHaat
DeHaat, which was founded in 2012 by Shashank Kumar, provides farmers with end-to-end agricultural services, such as market connections for selling their produce, customized farm advise, high-quality agri-input distribution, and access to banking services.
The firm boasts that through its digital network of more than 11,000 “DeHaat Centers,” it has provided services to over 2 million farmers in 11 states in India since its founding.
Eeki Foods
With the use of its growing chambers, Eeki Foods, founded in 2018 by IIT Bombay grads Abhay Singh and Amit Kumar, seeks to make farming climate-proof and sustainable. The perfect growing environment for plants is provided by these chambers.
Utilizing in-house technology, the business regulates the farm’s climate so that veggies can be cultivated year-round without being impacted by seasonal changes.
Ergos
Ergos is a company founded in 2012 by Kishor Kumar Jha and Praveen Kumar that provides farmers with a nine-month harvest storage service. Furthermore, credit for up to 70% of the grains that are saved is offered by the site.
It links farmers with buyers, stores grains in a secure warehouse, and arranges for reasonable financing through affiliated lenders. The business claims that this method assists farmers in converting their produce into tradeable digital assets.
Farmart
Farmart is a micro SaaS-driven agritech platform that was founded in 2016 by Alekh Sanghera and Mehtab Singh Hans. It assists major food companies in locating high-quality produce by utilizing its network of agri-retailers.
It leverages underutilized resources in the food value chain along with technology and data to source at scale and create a high-growth, profitably contributing enterprise.
Fasal
Shailendra Tiwari and Ananda Verma founded Fasal in 2018; it functions as a precision horticultural platform. It makes it easier to optimize resources (pesticides, water, etc.) and increases agricultural productivity while guaranteeing the purchase of traceable, premium produce.
Using AI, crop sciences, and IoT, the agritech startup orchestrates an end-to-end optimized value chain to provide intelligence at the farm, crop, and crop stage levels.
Gramophone
Tauseef Khan, Nishant Vats, and Harshit Gupta founded the full-stack agritech platform Gramophone in Indore in 2016. It makes a variety of tasks easier, such warehousing and locating raw resources.
Agri-inputs such as seeds, fertilizers, nutrients, pesticides, and farming equipment are sold by the startup. Additionally, it offers stand-alone services like inventory control and warehousing
Intello Labs
The Gurugram-based firm was founded in 2016 by Milan Sharma, Nishant Mishra Himani Shah, and Devendra Chandan. It grades and inspects agricultural products using artificial intelligence (AI) and image recognition software.
The business produces a number of sorting, grading, and packing devices that expedite and remove the need for manual labor at different stages of agricultural production. One such product is IntelloFlow, made by Intello Labs. It is a one-stop shop that weighs, packs, and labels agricultural products.
KisanKonnect
Founded by Vivek and Nidhi Nirmal in 2020 during the epidemic, KisanKonnect currently has 5,000 farmers in its network. Through its collection centers located at the village level, the startup procures food directly from these farmers.
It distributes sourced products in the markets of Mumbai and Pune and delivers its services to customers directly through its mobile app and farm stores.
Ninja Cart
The firm, situated in Bengaluru, sources produce, fruits, and groceries directly from farmers and distributes them to supermarkets and other retail establishments. Ninjacart, which was established in 2015 by Nagarajan, Sharath Loganathan, Sachin Jose, Kartheeswaran KK, and Vasudevan Chinnathambi, asserts that it sources more than 1,400 tonnes of fresh produce every day from farmers across more than 20 states. The produce is subsequently supplied to more than 17,000 retail establishments.
Since its founding, the startup has raised more than $396 million. Prominent names like Walmart, Trifecta Capital Advisors, Accel India, and Tiger Global support it.
Otipy
As a division of Crofarm Agriproducts, an agritech firm, Otipy was founded in 2020 by Varun Khurana and Prashant Jain. Otipy is a fresh produce B2B2C social commerce platform that offers fruits, vegetables, dairy products, and other food items.
Based on demand estimates generated by its prediction engines, the business purchases fresh produce from farmers using its in-house developed technologies. After harvesting, it sends the products to clients in less than 12 hours.
Vegrow
Vegrow is a B2B fruit marketplace run by Praneeth Kumar, Mrudhukar Batchu, Kiran Naik, and Shobhit Jain. It was founded in 2020. A variety of technological solutions, including crop advise, grading, packing, logistics, and sales support, are provided to farmers by it.
The agritech business says it grades food precisely and matches it with the best demand channel to maximize farmers’ income by using data and technology.
WayCool
Waycool is a full-stack agricultural technology platform that links farmers wishing to sell food with merchants, traders, and processors, among other parties. It was founded in 2015 by Karthik Jayaraman and Sanjay Dasari.
The startup manages the supply chain from dirt to sale by utilizing technology. It deals in goods ranging from fresh fruits and vegetables, staples, nuts, and spices to dairy and other value-added items, and it collaborates with more than 85,000 farmers.
