Technological innovations have greatly shaped agriculture throughout time. India, with 118.7 million farmer households, which account for more than half of its population, depends on agriculture as its primary source of income. With the advent of technology in the agriculture sector along with the emergence of the agritech industry, there have been an increase in productivity and better yields for sustainable income.
India’s agritech market has the potential to reach US$24 billion by 2025, according to an EY report. The new age of technologies including the usage of drones, scientific data, and implementation of artificial intelligence in sowing and harvesting assists in solving the problems of the agri value chain.
Below is a list of a few new-age agritech startups that have accelerated the revolution of the Indian agricultural scenario with the advancement of technology.
India’s leading agritech marketplace, AgriBazaar is channelising all its energies to empower farmers with the latest tools at attractive prices. The digital platform not only provides access to agricultural inputs, such as fertilisers, seeds, planting materials, and equipment but also strives to equip farmers with adequate information on the quality and best practices of the products they buy. Founded by Amith Agarwal and Amit Mundawala, AgriBazaar offers valuable insights into the incorporation of sustainable farming practices through organic inputs. They have also developed advanced technologies to offer real-time crop advisory with farmers, leveraging big data, analysing historical weather data and share real-time farming advisory. They also have a house virtual payment solution platform AgriPay to provide additional security and enhanced convenience to farmers and buyers while transacting on the platform.
Unnati, a fintech based agri platform, is helping farmers become entrepreneurs by becoming a farming enterprise. From helping them acquire high quality branded inputs at minimal rates to procuring credit at a much lower rate or without any collateral, Unnati has redefined the conventional ways of farming. Conceptualised and founded by Amit Sinha and Ashok Prasad, the startup has successfully impacted over 250,000 farmers’ lives through its network of 17,000 uStores. Unnati is empowering farmers through the way of farmer producer organisations (FPO) and is enabling them with tech-led business solutions enhancing their economic strengths and market linkages for improving their income. Unnati is equipping the FPOs to leverage their collective strengths and bargaining power to access financial and non-financial inputs, services and technologies, reduce transaction costs, and tap high-value markets.
Agdhi, an agritech startup based in Bengaluru, has introduced vision-enabled AI-based technology in agriculture. It has launched machine learning and computer vision techniques to detect defects in seeds and crops, thus enabling the farming community to get quality seeds and crops. The results arrive in seconds. Founded by Nikhil Das, Anshad Ameenza and Vaibhav Kashikar, Agdhi aims to bring technology disruption in seed testing, seed sampling, and crop yield, which is the need of the hour. The startup is introducing digital technology and building alternative solutions to facilitate sustainable methods in agriculture.
CropIn is an intuitive, intelligent, self-evolving system that delivers future-ready farming solutions to the entire agricultural sector. Established in 2010 by Krishna Kumar and Kunal Prasad, the agritech pioneer delivers decision-making tools that bring consistency, dependability, and sustainability to agribusinesses. Real-time actionable insights enable farm management companies to take planned and responsive business decisions. The predictability of quantity and quality of yield, combined with reduced cost of operations, results in higher productivity for the businesses.
Aquaconnect, founded by Rajamanohar Somasundaram, Aquaconnect is a global full-stack aquaculture technology venture that provides data-driven farm advisory and marketplace solutions to fish and shrimp farmers through artificial intelligence and satellite remote sensing technologies.
Established in 2016 by Taranjeet Singh Bhamra, AgNext has been successful in becoming one of India’s leading agritech startups. By using deeptech solutions in the agriculture sector to solve persisting legacy issues, AgNext aims to facilitate trust and transparency in food value chains. Taranjeet envisions a world where farmers and agribusinesses are able to transact better with the most efficient application of technology. Working in deep technology, AgNext has pioneered computer vision, spectral and IoT (internet of things) based AI technologies, which today is employed at multiple transaction points enabling transparent and profitable trade in agriculture and food value chains.
AgroStar, founded by brothers Shardul Sheth and Sitanshu Sheth in 2013, 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.