List of Top 10 Agritech Companies in India helping Farmers
Agro technology, often known as agricultural technology, is applying technology in agriculture, horticulture, and aquaculture to improve production, efficiency, and profitability. The rising adoption of high-tech solutions is driving India’s agricultural revolution. Entrepreneurs, investors, businesses, governments, and, most importantly, farmers have all been made aware of the expanding sector of agritech.
Agriculture technology advancements have enhanced output, efficiency, and profitability. These technological advancements are referred to as agritech. Furthermore, technology may be utilized to plant crops quicker, grow crops in various settings, and harvest crops. Agricultural automation can also incorporate robotics, big data, artificial intelligence, or other approach required to address the industry’s issues. Agriculture refers to ecologically sound, sustainable, and profitable agricultural practices that use agri-tech to increase output, productivity, and profitability in agriculture. Water filters, pumps, or digital services that link buyers and sellers in rural marketplaces might be examples of the equipment. Chemical-free fertilizers, heritage seeds, and intelligent agriculture technology are other choices.
Agriculture is India’s primary source of revenue, with 118.7 million farmers accounting for more than half of the country’s population. However, in recent times, India has seen a growth in the number of agritech firms that are increasing access to technology and supporting farmers in making their lives better. Today, we’ll look at the top 10 agritech businesses that help Indian farmers.
- EM3 AgriServices
In 2013, Rohtash Mal and his son Adwitya Mal founded EM3 AgriServices to allow small farmers who cannot afford to purchase expensive contemporary agriculture equipment to rent specialized equipment to enhance output at a lower cost.
This is accomplished using Samadhan, an agribusiness platform that includes an app, actual call centers, and human workers that connect with the company’s predominantly offline consumer base.
Each center may handle a broad range of primary and precision farm activities throughout the agricultural production cycle, including land preparation, sowing, crop management, harvesting, and post-harvest farming practices. Farmers may use Samadhan to contact EM3 to plan services, track agricultural activity, and execute all transactions quickly. EM3 is expanding into new Indian regions, forging partnerships with local governments and also prominent Indian and foreign device manufacturers.
Vivek Rajkumar founded Aibono in 2014 and is credited with pioneering the seed-to-plate technique. It assists farmers in increasing agricultural productivity while also marketing the commodity to merchants. Soil sensors, IoT devices, and imaging drones are used to collect farm data, which is then sent to the company’s cloud platform, which employs predictive analytics to assist farmers in making better agricultural decisions. Aibono has been awarded a $3.5 million grant.
Aibono, India’s first AI-powered local produce aggregator, uses its unique Seed-to-Plate TM technology to change the $250 billion fruits and vegetable chain. Communities of farmers can accomplish two times the yield, twice the income, and less than half the waste as before by giving specific ideas in the form of AI and trying to decide to share farm intelligence about what to produce and how to produce it, while also uplifting businesses and consumers to supply super fresh farm produce all year on a detectable aggregated basis.
Ananda Verma launched Fasal, an agritech firm in India, in 2018. This firm uses an app to help farmers plan, monitor, and analyze their farming activities. Based on artificial intelligence, the Fasal sense forecasts the future of pests and insects. Seed contributions provide $1.8 million in funding.
On March 17, 2017, Anu Meena founded the agritech company Agrowave. Farmers profit from tstartup’sp’s integrated mobile pickup station network (MPS). The company’s direct ties with small and medium-sized organizations in the fruits and vegetable sector assist small and medium-sized enterprises.
Saurabh Kumar launched Agricx, an Agritech firm in India, in October 2016. The firm supplies AI-enabled SaaS solutions to organizations that finance, produce, transport, trade, sort, or manufacture agricultural products. The world’s firstartuptup is an AI-enabled SaaS stack. Tstartuptup has received a $500K seed investment.
Karthic Ravindranath and Abhilash Thirupathy established Gold Farm in India on December 1, 2012. A business that focuses on renting out agriculture equipment to Indian farmers. It is a mobile Agritestartuptup. Farmers in India may also acquire solar water pumps from the firm. startuptup financing round of $3 million has been completed.
WayCool is a B2B agritech technology that supports technology to manage the whole agricultural supply chain, from farming supplies to last-mile distribution, to help farmers sell their commodities through various distribution channels. Waycool is an agricultural technology firm that processes, distributes, and procures fresh produce, dairy products, and essentials. WayCool is at the cutting edge of technology in India, from cutting-edge quality control and food safety solutions to assisting farmers in boosting their incomes. It improves logistics and distribution operations via the application of technology and innovation. Waycool delivers farm-fresh fruits and vegetables, as well as other things, to local businesses and modern retail outlets.
They have a retail operation in Chennai, where they operate SunnyBee retail locations, mobile mobility stores, and e-commerce. WayCool connects farmers and customers by merging physical and electronic technology. Its goal is to become the most significant food development and marketing firm in the world while simultaneously improving the quality of life of Indian farmers. Karthick Jayraman and Sanjay Dasari created WayCool in Chennai, India.
Crofarm is an Agritech firm in India founded in May 2016 by Varun Khurana and Prashant Jain. Crofarm provides valuable services to consumers and companies in addition to assisting farms. Farmers’ fresh vegetables and fruits can be obtained in various methods, both offline and online. The business was backed with $2.8 million from an early-stage investment.
Ninjacart was created in June 2015 as a B2C hyperlocal food delivery business by Thirukumaran Nagarajan, Kartheeswaran K K, Ashutosh Vikram, Sharath Loganathan, and Vasudevan Chinnathambi. It evolved into a B2B agritech company to address the issue of a new agriculture product supply chain for farmers and retailers. Tiger Global Management, Accel, Qualcomm Ventures, and Steadview Capital contributed $164.2 million to Ninjacart.
The Ninjacart app allows retailers and catering establishments to order high-quality veggies and fruits. Ninjacart offers a diverse selection of vegetables and fruits treated hygienically in crates provided by farmers around the country. Ninjacart’s pricing is the most competitive market, enabling you to increase your profit margins. You can also use the app to get discounts on your orders.
Shardul and Sitanshu Sheth created AgroStar in 2013, an online platform for farmers to buy agricultural products. Farmers may benefit from the real-time expert crop maintenance and production assistance this agritech business provides. A $42 million grant has been awarded to AgroStar.
AgroStar is India’s leading Agritestartuptup, to help farmers win by offering a full array of agricultural solutions to farmers. AgroStar’s leading agriculture application combines agronomy guidance from Agri doctors/experts with agriculture information and Agri items to help farmers significantly increase production and profitability.
They combine a large quantity of data, innovation, and agronomy experience to provide better methods to Indian farmers. AgroStar’s digital platform serves over 5 lakh farmers in Gujarat, Maharashtra, and Rajasthan. Over the next five years, they want to continue delivering value to farmers by bringing various inputs to their customers’ doorsteps, providing world-class agronomy expertise, and providing access to market linkages and finance.
Agritech and its need in the future
Agriculture is a sector that, as a result of ongoing research, offers a variety of opportunities for capital spending and agricultural growth to coexist. Agri-tech is a more environmentally friendly alternative to today’s chemical-intensive, Western-influenced technology. Compared to othstartupsups today, agricultural testartupsups are more focused on solving actual problems rather than perceived ones, which is sufficient to attract quantitative investment.
Future agricultural technology will be less harmful to the environment than today’s chemical-intensive ones favored by Western countries. Small-scale farmers’ problems will be addressed when they get the attention they demand. Farmers must be informed before any solutions are recommended.
There are signs that the agri-tech sector may see some exciting advancements, with more individuals understanding the need for agricultural help. This wave of innovation and implementation is intended to move the focus of ongoing agricultural discussions away from the hardships of small-scale farmers and reduce their need for government subsidies.
Agricultural technology reforms offer several advantages. Organic farming and food production are becoming increasingly popular among home gardeners and farmers. Farmers may explore new possibilities by combining agriculture and technology. Because of technological improvements, people may begin soilless agriculture, such as planting crops in hydroponic systems. Farmers can grow more crops on a smaller amount of land. Farmers can grow more crops on a smaller amount of land. Dedicated seed, fertilizer, and regular water delivery promote maximum yield on each acre.