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Top 10 Agritech Startups In India 2022

Top 10 Agritech Startups In India 2022

 

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But the agriculture sector in India is suffering from a number of problems like improper infrastructure, the use of outdated equipment, Because of this, this industry only adds 17–18% to the country’s GDP.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 –

 

 

AgroStar is one of India’s foremost AgTech start-ups   1.  AgroStar

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
Agrostar

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.

 

 

Ninzacart   2.   Ninjacart

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 India's largest fresh produce supply chain company that is solving one of the toughest problems in the world through technology.
Ninjacart

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.

 

 

 

EM3 Agri Services is an Agritech startup in India founded by Adwitiya Mal and Rohtash Mal in 2013. The motive of the startup is to provide rental services for cultivation process involved in farming  3.  EM3 Agri Services 

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/

EM3 Agri Services is an Agritech startup in India founded by Adwitiya Mal and Rohtash Mal in 2013. The motive of the startup is to provide rental services for cultivation process involved in farming
EM3 Agri Services

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.

DeHaat is one of India’s fastest-growing Agri Tech firms        4.  DeHaat

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 India’s fastest-growing Agri Tech firms
DeHaat – agrevolution

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.

WayCool Foods & Products Pvt. Ltd. is India's fastest growing agri-commerce company    5.  WayCool

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
waycool

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

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/

Fasal
Fasal

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.

Bijak helps buyers with quick loan disbursals and immediate payments to suppliers 7. Bijak

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
Bijak

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.

Bijak’s online mandi is a place where you can buy or sell 200+ commodities to more than 30K agri traders with a few clicks.

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.

 

Intello Lab  8.     Intello Labs

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 does a quality assessment of food commodities using computer vision and AI.
Intello Labsre

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.

Agrowave 9.   Agrowave

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/

Agrowave is an Agritech company that aims at helping farmers by directly connecting them to businesses and constructing sustainable supply chain management.
Agrowave

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.

Cropin logo 10.   CropIn

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 an Agritech startup
CropIn – Agritech startup

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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