India is a land of agriculture, with exports reaching almost US$ 49.6 billion in 2022.
Agritech advancements are extremely important for the Indian economy as well as for countries dependent on India’s exports. However, agriculture in India faces multiple challenges, such as:
- Inefficient supply chain
- Land ownership issues
- Lack of adequate infrastructure
- Frequent weather disasters
- Lack of awareness around farming best practices
Multiple startups are trying to address these problems. By implementing digitization, improving communication, and using machine learning and data science, Agritech startups in India are collectively trying to improve farming practices as well as the lives of farmers. Let’s look at the top 20 Indian agritech startups and what they’re doing differently.
Address: 1-55/6A/184/MH/101,Sai Prithvi Enclave, Kalajyothi Printers Road, Kondapur, Hyderabad, Telangana-500084
Employees: 1-10 employees
Funding: $50K (Pre-Seed round raised on 2018 July)
SfarmsIndia primarily operates as an online portal for listing and fraction trading of agricultural land. Buyers can search for land, and sellers can list properties for lease or sale.
Every listing is assigned a digital contract. Every acre of land is also subdivided into two thousand fractions. The digitization of fraction trading makes it easy for buyers to purchase lands. Because there are no middlemen, the prices stay reasonable, and the transaction happens seamlessly.
USP: SfarmsIndia makes it mandatory for sellers to issue a digital contract against their lands. It eliminates middlemen who inflate prices unreasonably.
Address: Magarpatta City Road, Pune, Maharashtra 411036
Employees: 1-10 employees
Funding: Currently not funded
KhetiGaadi is the first online portal to compare and buy farm equipment in India.
Farmers can review farm equipment and optimize yield in fewer man hours. They have a network of over five hundred thousand farmers.
Farmers can access the portal via their mobile app, which is available in ten different languages. The app allows farmers to sell used equipment, rent equipment, get financing options, and more.
USP: KhetiGaadi simplifies the purchase, sales, or rental of farm equipment for farmers and those associated with farming.
Address: Cube8 Coworking, 4th Floor, MM Towers, Plot No. 8 & 9, Udyog Vihar Phase IV, Sector 18, Gurugram, Haryana 122002
Employees: 20 employees
Investors: Smile Group, India Accelerator, Factor[e] Ventures, Ramit Sethi, Vinay Mittal, Ashish Chand, Satyajit Suri, Jitendra Gupta, Pravega Ventures, LetsVenture
Crofarm is a tech-driven agritech startup that aims to reduce agricultural waste by optimizing supply chain networks. It is an F2B or Farm to Business venture with over ten thousand farmers on its network.
The startup has partnered with Metro Foods, Jubilant Foodworks, Big Basket, Grofers, and other retailers. Crofarm generates revenue through a commission system, starting from 5% on common vegetables to up to 20% on exotic vegetables. With a tech-driven and optimized supply chain, food products also have a higher shelf-life.
USP: Crofarm is one of the most valued companies in the country in the B2B2C space. The startup helps reduce food waste and provides better quality food.
Address: 35, Chandivali Village, Off Saki Vihar Road, Andheri (E), Mumbai
Employees: 2-10 employees
Funding: Funded by parent company Vijay Transtech Pvt. Ltd.
As the name says, Farm2Fam provides organic food products directly to consumers. This ensures that consumers get fresh food grown without pesticides and herbicides.
At present, they use technology to optimize the supply chain and traditional growing methods to provide consumers with niche nutritional products.
USP: Farm2Fam is a small startup reaching a little over three hundred consumers each month. However, it addresses a gap where a segment of customers is willing to spend to get the best quality food products.
5. Aarav Unmanned Systems
Address: 35, KV Jairam Rd, Jakkuru
Funding: $748.5K in funding over 2 rounds.
Investors: GrowX, 500 Startups, StartupXseed, 3one4 Capital, Valpro, Ashok Atluri (Zen technologies), Mr. Sanjay Jesrani (GoNorth ventures)
About Aarav Unmanned Systems:
While Aarav Unmanned Systems is not technically an agricultural startup, one of its primary application domains is agriculture. It is essentially a drone startup incubated at various premier engineering institutions in the country.
Their drone systems provide enterprise solutions such as industrial inspection, surveying, mapping, and precision agriculture. Using drones, Aarav Unmanned Systems now aims to optimize irrigation systems, use fertilizers and pesticides and provide early signs of failure.
USP: Aarav Unmanned Systems is one of the few start-ups that use drones to improve agriculture. It is also one of the first companies to introduce precision agriculture in the country.
6. Bombay Hemp Company (BOHECO)
Address: Unit #2, 1St Floor, Cama Industrial Estate, Sun Mill Compound, Lower Parel, Mumbai, Maharashtra 400013
Investors: Mukhtar Tejani, Ginni International, Nikhil Velpanur, Rajan Anandan, Ratan Tata, Sanvar Oberoi, Yash Kela, MA Tejani, Yash Kotak, Srinivaas Sirigeri
The Bombay Hemp Company aims to research and promote the use of industrial hemp. It makes use of public-private partnerships as well as contractual farming for processing its products.
Their business includes cultivation, harvesting, manufacturing, and processing, both in the country and beyond borders. They also assist farmers by providing them with better quality seeds and teaching them improved cultivation practices.
USP: With the legalization of hemp in India, Bombay Hemp Company is trying to be one of the first start-ups in this country to establish a hemp supply chain.
Address: Torrent House, Off. Ashram Road Ahmedabad
Funding: $775k from Seed round
AgricxLab connects cold storage owners with bulk buyers of agricultural products. The start-up uses computer vision and machine learning to assess the quality of produce. AgricxLab also provides warehouses for rent to its client base.
USP: AgricxLab provides an AI-enabled SaaS stack for businesses and entities that produce, store, and transport agricultural commodities.
Address: First Floor, G.R. Square (Indiqube), Landmark : Adjacent to Jeep/Fiat Showroom,, Amar Jyoti Layout,, Koramangala Road (100 Feet Road),, Domlur, Domlur I Stage, Serenity Layout, Domlur
Funding: $5.5 m ($2m from two years ago)
Investors: 3one4 Capital, Artha Impact, Artha India Ventures, Fireside Ventures, IITM Incubation Cell, Menterra Venture Advisors, Milliways Ventures, Mitsui Sumitomo Insurance Venture Capital, RTBI, Rebright Partners, Rianta Capital, SilkRoute Indchem, StartupXseed Ventures
Aibono provides farming-related intelligence and gadgets to farmers to help improve their yields. It features itself as Farm Management as a Service company.
With Aibono, the farmer can outsource the entire production management, farm measurement, and other decision-making services. The start-up has worked closely with around 140 farmers in the Tamil Nadu region.
With precise day-to-day interventions, the start-up has managed to improve the yields by up to 50%. Aibono has a team of data scientists and agronomists that use farming data to provide recommendations to farmers.
USP: Aibono is one of the most exciting start-ups in the country that is introducing precision farming to the masses. With very little additional infrastructure and some changes in cultivation practices, farmers can increase their yields drastically.
Address: No.1678, 4th Floor, Zee plaza, 23rd Cross, 27th Main Rd, 2nd Sector, Sector 2, HSR Layout
Funding: $1.8 m ($1.6 m raised three years ago)
Investors: Animoca Brands, Artesian VC, Mind Fund, Mistletoe, Mount Parker Ventures, Omnivore, Wavemaker Partners, Zeroth.AI
Fasal uses data science and artificial intelligence to provide predictions for farming. Since its inception, it has helped farmers save over 3 billion liters of water. Fasal aims to promote sustainable farming practices through precise decisions. It also helps reduce their farming costs and increase yields.
Fasal provides data about pests and diseases, provides hyperlocal weather forecasts, and helps manage finances by optimizing fertilizer and pesticide usage.
USP: Fasal has established itself as a farming intelligence start-up. It provides microclimatic forecasts, pest and disease predictions, and irrigation alerts using its proprietary technology and delivers them directly to smartphones.
Address: 16th Main Rd, BTM 1st Stage, Bengaluru
Funding: $31.6 m ($20 m raised 2 yeas ago)
Investors: ABC World Asia, Ankur Capital, BEENEXT, Bill & Melinda Gates Foundation Strategic Investment Fund, Chiratae Ventures, Invested Development, Seeders, Sophia ApS
Cropin integrates farming with enterprise resource planning and business intelligence. They provide their services via a mobile app that allows farmers and farm owners to do data-driven farming.
The company uses big data analytics and artificial intelligence to monitor the farms. It also makes use of Geo-tagging and satellite imagery for land monitoring.
USP: Cropin helps farmers by providing the infrastructure needed to optimize their farming skills and start their businesses.
Address: 1st Floor KV Complex, RPS More, Bailey Road, Danapur, Patna Bihar: 801502, INDIA
Employees: 201-500 employees
Funding: $27.5 m
Investors: CDC Group, Aavishkaar Venture Capital, Chiratae Ventures
Ergos provides a mobile app-based platform to connect farmers with cold-storage owners.
Numerous Indian farmers lack cold-storage facilities, leading to wastage of their produce. Often, these farmers must sell their produce at lower costs due to the deterioration of their yields. With Ergos, farmers can deposit their grains in “Grain banks.” Farmers can withdraw their product any time – even a single bag of grain when required.
The start-up primarily operates in Patna, Bihar, but has recently expanded to other states in India.
USP: The lack of cold storage is one of the main challenges in Indian agriculture. Ergos is filling this gap in post-harvest supply chain management.
12. Clover Ventures
Address: Prestige Terraces, Muncipal No.5/1, 3rd Floor Union Street, Bangalore-560001 Bangalore Bangalore KA 560001 IN
Investors: Alteria Capital, Mayfield Fund, Accel India, Omnivore
About Clover Ventures:
Clover Ventures aims to address several agricultural roadblocks that farmers face. The company operates on the demand-backed supply chain model for perishables. The primary emphasis is on product quality, consistency, and traceability.
It aims to establish and strengthen an organized supply chain for fresh produce. Currently, the company manages over 70 acres of farmland and supplies fresh produce to a variety of fine dining establishments, retail stores, food processors, and online Internet Kitchens.
USP: Clover Ventures is another agritech start-up that uses technology to optimize the supply chain and make farming more profitable for farmers.
Address: 90b, Delhi – Jaipur Expy, Sector 18
Funding: $33.9 m
Investors: AL Trust, Blume Ventures, Lightspeed Venture Partners, Nexus Venture Partners, Omidyar Network, Omnivore, On Mauritius, RTP Global, Runet Labs, Surge, Surge Ahead, Tempo Ventures
Bijak is a B2B Agri commodities exchange platform that connects buyers and sellers. It also functions as a bookkeeping app, allowing you to keep track of all transactions and related documents on your phone.
This agritech startup provides buyers and sellers with significant working capital and improved logistics. With real-time, hassle-free payments, Bijak assists buyers with quick loan disbursements and immediate payments to suppliers. Its platform covers more than a hundred agricultural commodities and is spread across twenty-seven cities and union territories.
USP: Bijak not only connects buyers and sellers but also provides them with the financial aid needed to source agricultural commodities.
Address: 3rd Cross Rd, Dollar Layout, Phase 4, J. P. Nagar
Funding: $2.6 m ($2 m raised two years ago)
Investors: Beyond Next Ventures, Ankur Capital, GenNext Ventures, Rockstud Capital
BigHaat is a digital marketplace for farmers looking for advice and information on a variety of farming topics. The company offers a wide range of services and products, including crop nutrition and farming advisory services, seeds, agricultural machinery, and much more.
In collaboration with Microsoft, it has also developed Kisan Vedika, a platform that addresses issues and queries through experts in regional languages.
USP: BigHaat acts as a marketplace and an information portal for farmers and farm owners. They assist in cultivation and technical support for agricultural machinery.
Address: A 501, Teerth Technospace, Bangalore Highway, Behind Mercedes Showroom, Baner
Funding: $2.1 m
Investors: Travis Kalanick, India Quotient, Better Capital, Ajay Prabhu, 021 Capital, AngelList India Syndicate, Sachin Oswal, Hari Balasubramanian
BharatAgri educates farmers about the crop they intend to plant and provides guidance on how to grow it. They provide services such as pesticide expertise, critical weather, and soil analysis advice. They help ensure maximum yield on production through timely cost analysis.
BharatAgri aids at every stage of farming via offline and online technology such as In-App chat support, Interactive voice response (IVR), and WhatsApp. The agritech start-up has now shifted to the B2F (Business to Farmer) model to provide better services to farmers in need of technical assistance through digital farming.
USP: BharatAgri aims to educate farmers digitally, allowing them to improve their cultivation practices.
Address: Golf Course Ext Rd, Sector 58, Gurugram
Funding: $532.5 k (raised $500 k two years ago)
Investors: Sekhar Puli
Agrowave is an Agritech company that aims to assist farmers by connecting them directly to businesses and building sustainable supply chain management. The start-up’s goal is to simplify business for farmers by eliminating middlemen and providing farmers with the best price for their produce.
It has designed and built several pick-up stations for farmers so that they do not have to travel far to sell their products. It has an iOS and Android mobile app where farmers sell their produce, delivery trucks pick up the produce from farmer gates and pick-up stations, and hassle-free payments are accepted. This produce is then delivered to end users via systematic route mapping.
USP: Agrowave enables a farm-to-business model by optimizing the supply chain with machine learning. Their services allow customers to get fresh produce directly from the farms.
17. Intello Labs
Address: Nirvana Courtyard, 4th Floor, 420, Block C, Nirvana Country, Sector 49, Gurugram
Funding: $7.9 m ($5.9 m raised 2 years ago)
Investors: Nexus Venture Partners, Saama Capital, Omnivore Partners
About Intello Labs:
Intello Labs uses computer vision and artificial intelligence to assess the quality of food commodities. They assist farmers, traders, retailers, food service companies, exporters, and others in improving customer satisfaction and reducing losses.
Intello Labs reports aggressive growth in India while also pursuing global markets such as China, Southeast Asia, and the United States. Reliance Fresh, Dole, Ocean Spray, and many of China’s and Southeast Asia’s leading e-grocery companies are among Intello Labs’ larger clients.
USP: Intello Labs uses computer vision to assess the quality of perishables and then determine their value. It allows reasonable pricing and lower food wastage.
Address: New #6, Old #38, Bhagirathi Ammal St, T. Nagar, Chennai, Tamil Nadu 600017, IN
Funding: $58.2 m
Investors: Aspada, Caspian Impact Investments, FMO, LGT Impact Ventures, Lightbox Ventures, Northern Arc
Waycool is India’s fastest-growing agricultural start-up and food distribution company, with 35,000 farmers producing vegetables, fruits, rice, pulses, and other food products.
It was founded in July 2015 with the goal of reorganizing the disorganized perishable supply chain. They have a retail presence currently in Chennai under the brand SunnyBee, where they operate retail stores, mobile stores on trucks, and e-commerce.
USP: Waycool addresses the issue of cold storage by connecting farmers to cold-storage owners.
Address: 9, 1st C Main Rd, MCHS Colony, Sector 6, HSR Layout, Bangalore, India
Funding: $184.1 m ($30 m raised 2 years ago)
Investors: ABG Capital, Accel Partners, Clark Valberg, Flipkart Group, HR Capital, M&S Partners, Mistletoe, NRJN Trust, Neoplux, Qualcomm Ventures, Steadview Capital, Syngenta Ventures, Tanglin Venture Partners, Tiger Global Management, Trifecta Capital, Trifecta Capital Advisors, Walmart
Ninjacart is one of India’s leading agriculture supply chain companies, headquartered in Bangalore. It currently transports more than 60 tonnes of produce per day from farm to store in less than 14 hours, which is significantly faster than the traditional supply chain.
Every day, Ninjacart assists over 2,000 farmers in selling over 80 vegetables and fruits to over 800 retailers and restaurants in Bengaluru. They also claim to have reduced 4% of the total supply chain waste.
USP: Ninjacart aims to optimize the supply chain by providing fresh produce directly from farms to businesses.
20. Gold Farm
Address: 1323, 13th Cross Rd, Indiranagar, Bengaluru, India
Investors: Mahindra Rise, Infuse Ventures, Intellecap, Kshatriya ventures, Waaree
About Gold Farm:
Gold Farm is a 2012 agritech company that uses a mobile app to provide agriculture farm equipment to booking farm agents. They provide solar water pumps for agriculturist farming in those areas where power is scarce.
Gold Farm allows farmers to book farm equipment via phone service and mobile application. They seek to improve farmer growth and sustainability by structuring productive ecosystems through innovation and technology.
USP: Gold Farm aims to use technology to make farming more accessible and sustainable, especially for the economically weaker sections.
Our Research Methodology
While there are a plethora of tech companies working in the agritech space right now, we tried to list the most exciting and trustworthy ones. Most of these companies use cutting-edge sensor data or AIML-based methods to provide their services.
As we mentioned before, agriculture in India has its fair share of challenges even though it is the mainstay of a large section of the population. Supply chain and infrastructure is a massive issue, and we tried to cover the companies trying to solve that problem. We also listed the companies educating and enabling farmers to cultivate sustainably. Finally, we also listed agritech startups that connect farmers to individuals and businesses to ensure better utilization of their yields.
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