Top 10 Best AgriTech Startups In India 2022: : India has the second most farmable land in the world, and 58 percent of its people depend on agriculture as their main source of income, according to the IBEF (India Brand Equity Foundation) – An Indian Government export promotion agency
But the agriculture sector in India is suffering from a number of problems like improper infrastructure, the use of outdated equipment, Because of this, this industry only adds 17–18% to the country’s GDP. But now Agritech startups in India are becoming the ray of hope in the Indian agriculture sector. They are providing innovative ideas and affordable solutions to a number of challenges faced all across the agricultural value chain and eventually raising farmers’ incomes.
Agritech Term
Agritech is the use of technology and technological innovation ( artificial intelligence, mobile app, data science etc. ) to improve the efficiency and output of agricultural processes.
Agritech Startups in India
Backed by increased digitalization, government initiatives, and investor interest, the Agritech industry in India is growing at a rate of 25% per year. here are more than 450 agritech startups according to a NASSCOM report.
Future Prospects of Agritech in India
India’s agriculture sector is transforming and evolving due to the boom of agri-tech start-ups. According to Bain & Company research, India’s agri-tech industry can reach $30–$35 billion in revenue by the year 2025 and hold immense potential for the future of Indian agriculture. T
To better understand the agritech sector, this article highlights the top 10 agritech startups in India. Here is the list of the top 10 agritech startups in India –
1. AgroStar
1. Founders : Shardul Sheth, Sitanshu Sheth
Start Year: 2013
Funding : $ 112.4 M Series D
Investors : Accel, Chiratae Ventures, InnoVen Capital, Aavishkaar Venture Capital, Bertelsmann India Investments, Rabo Frontier Ventures
Contacts : hello@agrostar.in , 020 41504242 / 020 41504243
Head Office : Pune , Maharashtra
Official Website : https://www.corporate.agrostar.in/
AgroStar is an AgriTech startup whose goal is to help farmers succeed by giving them a full range of solutions based on data and technology, as well as agronomy. The startup is currently active in the states of Gujarat, Maharashtra, Rajasthan, Madhya Pradesh, and Uttar Pradesh, and it has more than 6.6K farmers on its digital platform.
AgroStar has launched a cloud-based smartphone software/app that assists small farmers in India in increasing agricultural yields and encouraging optimal practices.
AgroStar’s most excellent agriculture application combines agronomy advice from Agri doctors/experts with agriculture information and agri products to help farmers significantly increase their production and profitability.
2. Ninjacart
2. Founders : Ashutosh Vikram, Kartheeswaran K K, Sharath Loganathan, Thiru Nagarajan, VasuDevan
Start Year: 2015
Funding : $ 367 M Series D
Investors : Tiger Global Management, Accel, Trifecta Capital, ZopSmart, Joe Hirao
Contacts : queries@ninjacart.com , 08069155666
Head Office : Bengaluru, Karnataka
Official Website : https://www.ninjacart.in/
Ninjacart is a supply chain for fresh produce that links farmers, manufacturers, and brands directly to retailers. Ninjacart is India’s largest B2B Fresh Produce Supply Chain platform, solving one of the toughest supply chain problems of our country through technology.
They connect producers of food directly with retailers, restaurants, and service providers using in-house applications that drive end-to-end operations.
This startup aims to help farmers sell their goods directly to stores and restaurants. Farmers can make more money with this startup by selling their crops directly to stores.
3. EM3 Agri Services
3. Founders : Adwitiya Mal and Rohtash Mal
Start Year: 2013
Funding : $ 13.3 M Series B
Investors : Global Innovation Fund, Aspada Investments
Contacts : queries@ninjacart.com , 1800-120-3105
Head Office : Noida, Uttar Pradesh
Official Website : https://www.em3agri.com/
The motive of the startup is to provide rental services for cultivation process involved in farming. The services it offers are preparing the land, planting seeds or seedlings, harvesting, crop management, and farm management after the crops have been picked.
The company has also established service centers under the brand name Samadhan Kendras which act as storefronts for the farming communities to avail tech-based services.
4. DeHaat
4. Founders : Adarsh Srivastava, Amrendra Singh, Shashank Kumar, Shyam Sundar Singh.
Start Year: 2012.
Funding : $ 194 M Series D.
Investors : Sofina, Lightrock India, Temase.
Contacts : contact@agrevolution.in , 1800 1036 110
Head Office : Patna, Bihar
Official Website : https://agrevolution.in/
DeHaat is one of the fastest growing start-ups in AgriTech sector and one of the very few companies providing end-to-end solutions and services to the farming community in India. They are making technology that uses AI to change the supply chain and production efficiency of the farming industry.
DeHaat connects farmers to suppliers and buyers on a single platform. Online marketplace providing all the agricultural products and services to farmers
DeHaat was started by alumni of IIT Delhi, IIT Kharagpur, IIM Ahmedabad, and other top schools. It is now a fully funded start-up that grows by 3–4 times every year.
5. WayCool
5. Founders : Karthik Jayaraman, Sanjay Dasari
Start Year: 2015.
Funding : $ 267 M
Investors : Caspian Impact Investment Advisor, Madhu Krishnaswamy, CK Ranganathan, Stride Ventures
Contacts : info@waycool.in , 9500168299
Head Office : Chennai, Tamilnadu
Official Website : https://waycool.in/
WayCool currently handles more than 900 tonnes of food products a day across one lakh clients and from a network of about 85,000 farmers in more than 50 regions. Founded in July 2015, WayCool is India’s fastest-growing agri-commerce company, driving social impact while transforming India’s food economy.
The operations of WayCool include sourcing products, preparing food, branding, marketing, last-mile distribution, and enhancing farming methods. WayCool now has complete control over the food value chain as a result.
6. Fasal
6. Founders : Ananda Verma, Dhaval Chaudhary, Shailendra Tiwari, Shivang Kar
Start Year: 2018.
Funding : $ 9.9 M Seed
Investors : Omnivore & Wavemaker Partners, Yied Lab Asia Pacific Fund
Contacts : connect@wolkus.com , 9113965800
Head Office : Bengaluru, Karnataka
Official Website : https://fasal.co/
It is an app-based startup where farmers can plan, track, and analyse all of their farming activities. Fasal’s AI-powered IoT SaaS platform enables farmers to receive relevant information in their native tongues about their farms and individual yields.
Farmers can use the startup’s application to plan, screen, and analyse their farming efforts. The Fasal sense uses AI to predict what will happen to bugs and pests in the future. It keeps track of different growing conditions on the farm and then uses Artificial Intelligence and data science to make predictions on the farm.
7. Bijak
7. Founders : Nikhil Tripathi, Mahesh Jakhotia, Nakul Upadhye, Jitender Bedwal, and Daya Rai
Start Year: 2019.
Funding : $ 33.9 M Series B
Investors : Sequoia & Omidyar, RTP Global, Bartelsmann
Contacts : contact@bijak.in , +91 8588998844
Head Office : Gurgaon, Haryana
Official Website : https://www.bijak.in/
Bijak is an online agriculture trading platform in India that links thousands of authorised agri traders (Farmers, Loaders, Commission Agents, Brokers). It improves agricultural value chain transparency by using a buyer/seller rating system based on real-time agricultural commodities market and transaction data. Bijak is an Indian agricultural B2B trade platform that enables dealers, wholesalers, and food processors to trace their transactions, receive transparent pricing, improve logistics, and decrease working capital cycles.
With real-time, hassle-free payments, Bijak assists buyers with speedy loan disbursements and immediate payments to suppliers. Its platform covers more than 100 agricultural goods and is distributed throughout 27 cities and union territories.
8. Intello Labs
8. Founders : Milan Sharma, Nishant Mishra, Himani Shah and Devendra Chandani
Start Year: 2016.
Funding : $ 13.7 M
Investors : Nexus Ventures & Omnivore, Saama Capital
Contacts : contact@intellolabs.com , +91 8588998844
Head Office : Gurugram, Haryana
Official Website : https://www.intellolabs.com/
Intello Labs measures crop quality using picture matching and machine learning. The agritech startup’s mobile app uses AI and image analytics to give a total update on whether a fruit or vegetable is under-ripe, ready to consume, or waste. It does this by taking a picture of the produce, which can actually help forecast the quality of the whole lot.
Intello Labs has digital products like Intello Track, Intello Sort, Intello Pack, and Intello Deep that use computer vision and deep learning to help farmers, retailers, and exporters find out how good their fruits and vegetables are.Intello Labs’ clients include Reliance Fresh, Dole, and Ocean Spray.
In the Agritech sector, it has won a number of awards. It has made solutions based on computer vision that use images as the main source of data to get insights.
9. Agrowave
9. Founders : Anu Meena
Start Year: 2017.
Funding : $ 2.6 M Seed
Investors : Aroa Ventures
Contacts : info@agrowaves.in , +91 8619613373
Head Office : Gurgaon, Haryana
Official Website : https://agrowave.in/
This Gurgaon based startup is founded by an IIT Delhi alumni Anu Meena, to build a farm-to-market mobility supply chain with a focus on first-mile logistics and trade supply. She wants to make business easier for farmers all across the world by eliminating intermediaries and offering them the greatest price for their produce.
It has a mobile app for both iOS and Android that farmers can use to sell their goods. Delivery trucks pick up the goods from the farmer’s gates and pick-up stations and make it easy for farmers to get paid.
According to the company’s records from December 2021, its GMV is INR 15 Cr and its merchandise volume is about 8000 tonnes.
10. CropIn
10. Founders : Krishna Kumar
Start Year: 2010.
Funding : $ 32.6 M Series C
Investors : Ankur Capital, BSP Funds, BeeNext, Chiratae Ventures, ABC World Asia
Contacts : marketing@cropin.com, 7625098755.
Head Office : Bengaluru, Karnataka
Official Website : https://www.cropin.com/
CropIn is a notable AI and data-driven agritech startup that provides SaaS solutions to agribusinesses around the world. Cropin works together with the many value chain participants all along the supply chain to keep a careful eye on the status of the farm’s produce.
They provide farm businesses a farm management software & a mobile app so they may practise connected and data-driven farming. In order to reduce risk and generate superior output, its platform provides real-time weather information, the capacity to control farm activities, and crop yield predictions.
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Above mentioned are some of the best Agritech startups in India which are doing great works for farmers. Hope this helps you understand the agritech industry..The numbers do not indicate ranking.
If you know any other agriculture startup which needs funding or that we should feature, please mention it in the comment.
Conclusion :
Investors are becoming more interested in agritech companies. Last year, more than a billion dollars were put into them, and this year, a lot more is expected. And The Indian government has also decided to set up a special fund for agritech startups, as Finance Minister Nirmala Sitharaman announced in Union Budget 2022-23 .
“A farmer is a person who feeds the nation with a significantly less amount of income even after working very hard, so if you ate today, Thanks a farmer!”
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