India holds the distinction of having the second-largest agricultural land area globally. In rural regions ,nearly 60% of households depend on agriculture for their livelihood. However, the sector faces challenges like outdated machinery, inadequate infrastructure, and limited access to diverse markets, leading to modest earnings for farmers. To address these pressing issues, proper connectivity and efficient supply chain planning are crucial. Let’s delve into the study of the Top 20 Agritech Startups in India, aiming to revolutionize the agricultural landscape and empower farmers with innovative solutions.
Apna Godam
Apna Godam is a pioneering post-harvest solution company specializing in the non-perishable category. It holds the distinction of being the first online Mandi, not only in Rajasthan but also across India. As a comprehensive platform, it facilitates spot trading of commodities while also offering valuable services like Warehousing, Commodity Finance, and Logistic solutions.
The unique advantage of Apna Godam is that it empowers farmers to sell their commodities to buyers anywhere in the country without the need to physically travel. The company takes charge of managing the logistics through a well-established network of logistic partners, ensuring smooth and efficient transportation.
In essence, Apna Godam streamlines the process for farmers, making it easier and more convenient for them to connect with buyers and conduct transactions, all while providing essential support services that enhance the overall value and efficiency of the post-harvest process.
Aarav Unmanned Systems
While not primarily an agricultural startup, Aarav Unmanned Systems has found significant utility in the agriculture sector through its drone technology. Originally established at some of the nation’s leading engineering universities, the company specializes in drones and has extended its services to benefit the agricultural domain.
Aarav Unmanned Systems’ drone technology proves highly valuable in various industries, including surveys, inspections, mapping, and precise farming. In agriculture, their drones play a vital role in enhancing irrigation systems, applying fertilizers and pesticides, and detecting potential issues at an early stage, aiding farmers with efficient and precise agricultural practices.
AgricxLab
AgricxLab serves as a vital link between cold storage facility operators and bulk consumers of agricultural products. Leveraging the power of machine learning and computer vision, this startup evaluates the quality of produce. Moreover, AgricxLab also offers warehouse space for lease to its customers, providing a comprehensive solution to the agricultural supply chain.
AgricxLab offers a cutting-edge SaaS stack powered by AI, catering to businesses and organizations involved in the manufacturing, storage, and transportation of agricultural products. Their innovative solution revolutionizes the agricultural sector, bringing efficiency and advanced technology to every step of the supply chain.
Aibono
Aibono empowers farmers with its advanced farming technology and intelligence, enabling them to significantly boost their crop yields. The company positions itself as a leading provider of comprehensive farm management services. Through Aibono, farmers can delegate various aspects of production planning, farm measurement, and decision-making, streamlining their agricultural operations for improved productivity and success.
Through meticulous daily adjustments, Aibono has achieved remarkable yield increases of up to 50% for farmers. The startup boasts a team of skilled agronomists and data scientists who leverage farming data to provide valuable advice and insights to farmers.
Aibono stands out as one of the most intriguing startups in the nation, as it brings precision farming within reach of every farmer. With minimal infrastructure upgrades and simple adjustments to agricultural techniques, Aibono empowers farmers to significantly improve their crop yields.
Agrowave
Agrowave, an agritech company, aims to revolutionize the way farmers reach markets and establish sustainable supply chain management. Their mission is to streamline commerce for farmers by eliminating intermediaries and ensuring fair compensation for their commodities.
Agrowave adopts a farm-to-business approach with the help of machine learning. Their expertise facilitates seamless delivery of farm-fresh foods to urban residents, making access to fresh and high-quality produce easier than ever before.
To support farmers and enhance convenience, Agrowave has established multiple pick-up stations, sparing them from lengthy trips when selling their produce. Using a user-friendly smartphone app available on iOS and Android, farmers can list their food for sale, and delivery vehicles pick it up at the gates or designated pick-up points. The app also facilitates secure and hassle-free payments. Deliveries are efficiently organized along pre-determined routes, ensuring fresh produce reaches customers promptly.
Absolute
Absolute offers cutting-edge IoT and sensor-based farm control systems. Leveraging Internet of Things (IoT) devices equipped with sensors, along with hardware-based systems and satellite sources, the company utilizes advanced machine learning algorithms to provide real-time crop insights. This innovative approach enables farmers to make data-driven decisions, optimizing agricultural practices for enhanced productivity and efficiency.
Absolute provides comprehensive solutions for indoor farming, vertical open agriculture, and greenhouses.
BigHaat
BigHaat serves as an online platform where farmers can share information and gain insights into various aspects of agriculture. The organization offers an extensive array of goods and services, including farming consulting and crop nutrition solutions.
BigHaat serves as a comprehensive global marketplace and resource center for farmers and farm owners. The platform offers valuable assistance in the field, along with farm equipment maintenance and repair services.
In collaboration with Microsoft, BigHaat has developed KisanVedika, a unique platform that allows native speakers of local languages to respond to queries and address issues effectively.
Bijak
Bijak is a B2B trading network facilitating seamless connections between buyers and sellers of agricultural products. Beyond its trading capabilities, the platform serves as an efficient accounting program, allowing users to manage financial transactions and procurement in a single, user-friendly location.
In addition to facilitating commerce between buyers and sellers, Bijak also provides financial assistance for the purchase of agricultural products. This unique feature empowers agricultural businesses by offering them financial support, further enhancing their trading capabilities and contributing to the growth of the agricultural sector.
Bijak, the agritech business, streamlines transactions for buyers and sellers by providing substantial working capital and enhancing logistics. With Bijak, instant supplier payments and swift loan disbursements become a reality, simplifying financial operations in the agricultural ecosystem. The platform’s wide accessibility spans across 27 cities and union territories, boasting a diverse network encompassing over 100 agricultural products.
Bharat Agri
BharatAgri extends comprehensive support to farmers, offering valuable guidance on crop selection and cultivation. The platform provides essential information on pesticides, weather predictions, and customized advice based on soil analysis. Through early cost-benefit analysis, BharatAgri empowers farmers to optimize manufacturing yield, enabling them to make informed decisions and achieve higher productivity in their agricultural endeavors.
BharatAgri is driven by a mission to digitally educate farmers, empowering them to enhance the quality of their harvests.
BharatAgri employs a comprehensive approach, offering assistance to farmers at every stage of farming through both offline and online channels, including WhatsApp and In-App chat support. The agribusiness not only provides improved digital farming services to farmers in need of technical support but has also transitioned to the B2F (Business to Farmer) model, further enhancing its commitment to serving and empowering farmers in the digital era.
Cropin
Cropin integrates farming with business intelligence and corporate resource planning. Their mobile application enables farmers and landowners to embrace data-driven farming practices, leveraging advanced technology to make informed decisions and optimize agricultural operations.
Cropin empowers farmers by providing essential infrastructure to maximize their agricultural capabilities and kickstart their businesses.
Leveraging AI algorithms and big data analytics, Cropin closely monitors farms, employing satellite images and geotagging for efficient land monitoring.
Frequently asked questions (FAQs)
Which Indian agro-tech businesses are the best?
Ans. The Top 10 Best Agri Fintech Startups in India in 2023 are Jai Kisan, Arya.ag, Samunnati, Farmart, Unnati, Whrrl, ApnaGodam, aggregator, Gandhi, & Hesa.
How many startups focused on agri-tech are there in India?
Ans. More than 1,000 agri-tech firms are based in India, and various venture capital funds, loan funds, and angel investors have long supported these businesses.
What causes agri-tech businesses to fail?
Ans. The founder’s and key team members’ visions are what propel the majority of companies. The ability to manage a team, a company, and a brand is far more crucial than having a fantastic concept. Another common reason why businesses fail is a lack of a clear vision and effective leadership.
Which Indian agriculture business is the most lucrative?
Ans. One of the most lucrative agricultural business ventures is dairy farming. All year long, there is a huge need for organic dairy products, including milk, cheese, curd, and so much more.
Why has agritech prospered?
Ans. The epidemic accelerated the use of technology in agriculture, which led to an unheard-of growth in the Indian agri-tech industry in 2020–21. Leading local and international investors have injected new cash into agri-tech due to the record investments made so far.
Only a few agritech startups achieved unicorn status. It means they were privately valued at a high level before the recent downturn in India’s startup sector. These startups are preparing for the long-term effects of the downturn and are determined to weather the storm before conditions improve.