Pune-based agritech major, Agri10x is expected to clock a whopping gross merchandise value (GMV) of Rs 100 crore by December 2021, making it not just one of the fastest growing agritech companies globally, but also rightfully earning the title of the ‘Alibaba of Agriculture’.
The world’s leading digital agriculture e-marketplace, Agri10x has turned the fortunes of more than one lakh farmers within a short span of time. This has been possible thanks to the recent path-breaking Indian Agriculture Reform Acts 2020, which has opened the floodgates for farmers to explore promising selling channels across the country.
Backed by innovative technologies like Artificial Intelligence and Blockchain, Agri10x platform offers transparency, traceability and sustainability.
Its key features like instant payment, quality assaying, competitive pricing, warehousing and logistics support have made Agri10x platform a preferred partner for farmers, farmer producer organisations (FPOs) as well as traders. Its clientele also includes various corporates and processing units with whom they aspire to bring a positive change in the agriculture sector.
The portal connects farmers with sellers both in domestic and international markets and offers a wide range of fruits, vegetables, grains, pulses, dry fruits and spices. Agri10x has a strong foothold in commodities like onion, potato, tomato, lemon, ginger, chillies, garlic, pomegranate, pineapple, soyabean, maize, corn, among other agri commodities. It regularly exports to various Southeast Asian and Middle East countries.
The company has managed to generate volume-based business, which shows a promising future for Indian agriculture. Agri10x is also fast expanding its base in local trading across various states including Maharashtra, Bihar, Uttar Pradesh, Jharkhand, Karnataka and Tripura.
Highlighting the features, Pankajj Ghode, CEO, Agri10x said, “With technological advancement and reforms, farmers can now easily sell their produce at farm-gate level without the hassle of going to a mandi physically or waiting for their dues endlessly. At Agri10x, we have consciously worked towards eliminating the middlemen who have threatened the livelihood of farmers for ages. Through our platform, we provide global market accessibility for farmers along with favourable pricing,.”
The agritech firm is also closely working with the Common Service Centres (CSC) across India, a government set-up that supports farmers and offers e-governance on a massive scale. Agri10x is also working on a strong network of Village-Level Entrepreneurs (VLEs) and contributing in employment generation rural markets.