Top 10 Agritech Startups In India helping Farmers
India, with 118.7 million farmers, which accounts for more than half of its population, depends on agriculture as its primary source of income. However, the use of technology in the agricultural industry has been limited in India. As a result, the agriculture industry in India contributes merely 17-18% to its GDP. However, in the last couple of years, India has seen a rise in the number of agritech startups that are not only making technology more accessible but also helping these farmers to improve their lives. Today, we will take a look at top 10 agritech startups helping Indian farmers.
Founded by Thirukumaran Nagarajan, Kartheeswaran K K, Ashutosh Vikram, Sharath Loganathan and Vasudevan Chinnathambi in June 2015, Ninjacart started as a B2C hyperlocal food delivery startup. It was transformed into a B2B agritech startup in order to solve the fresh agricultural produce supply chain problem for the farmers and the retailers. So far, Ninjacart has raised $164.2 million from Tiger Global Management, Accel, Qualcomm Ventures and Steadview Capital.
Founded by Karthik Jayaraman and Sanjay Dasari in July 2015, WayCool offers a B2B agritech platform that uses technology to control end-to-end agriculture supply chain right from farming inputs to last-mile distribution to help the farmers to sell their produce through multiple distribution channels. Till date, WayCool has raised $60.8 million.
Founded by brothers Shardul Sheth and Sitanshu Sheth in 2013, AgroStar offers an online marketplace for farmers to buy agricultural inputs. This agritech startup also helps farmers by providing real-time advice from experts on how to manage their crops and boost their yield. AgroStar has raised $42 million.
Founded by Shashank Kumar and Amrendra Singh in 2012, DeHaat offers agricultural services like access to agricultural inputs like seeds and fertilizers at affordable prices, personalized assistance, soil testing, weather reports, micro-finance, and insurance. DeHaat has raised $19.3 million to help Indian farmers.
Founded by Ranjith Mukundan, Ravishankar G. Shiroor, Praveen Nale, Ramakrishna Adukuri and Venkatesh Seshasayee in 2011, Stellapps helps dairy farmers and cooperatives to maximize their profits by digitizing and optimizing Milk Procurement & Coldchain Management through its IoT-based SmartMoo platform.
Founded by Nikhil Tripathi, Daya Rai, Jitender Bedwal, Mahesh Jakhotia and Nukul Upadhye in 2019, Bijak enables traders and wholesalers to discover new suppliers, maintain ledgers, make payments, and access working capital through its app to scale their business. Bijak has raised $14.3 million.
7. CropIn Technology:
Founded by Krishna Kumar and Kunal Prasad in 2010, CropIn provides one-stop SaaS-based solutions platform enabling agribusinesses to increase efficiency, productivity and sustainability. Its platform offers real-time weather updates, ability to manage farm activities, and predicts crop yields to minimize risk and yield better produce.
8. EM3 AgriServices:
Founded by Rohtash Mal and his son Adwitya Mal in 2013, EM3 AgriServices helps small farmers who can’t afford to buy expensive farming technology to rent specialization machines to boost productivity at cheaper costs.
9. Intello Labs:
Founded by Milan Sharma, Nishant Mishra, Himani Shah and Devendra Chandani in 2016, Intello Labs offers digital products like Intello Track, Intello Sort, Intello Pack and Intello Deep which uses technologies like computer vision and deep learning to help farmers, retailers and exporters to access the quality of their fruits and vegetables.
Founded by Vivek Rajkumar in 2014, Aibono has pioneered the seed-to-plate concept, wherein it helps the farmers to increase their crop yield and also sell the produce to the retailers. The company uses soil sensors, IoT devices and imaging drones to collect farm data and transfers it onto their cloud platform which uses predictive analytics to help the farmers make smart agriculture decisions in order to increase their produce. Aibono has raised $3.5 million.
The above list is based on above video by Backstage with Millionaires. The numbers do not indicate ranking.