India has the second largest agricultural land in the world. About 60% of rural Indian households make their living from agriculture. The agro based industry saw a growth at a CAGR of 16.4% over FY10 to FY18. Agricultural exports from India reached US$ 38.54 billion in FY19 and in FY20 (till November 2019) US$ 22.69 billion. With many initiatives for farmers, the government aims to double farmers' income by 2022. So we have compiled a list of Indian Agricultural startups that are making a name and increasing their growth in quick succession.
Agriculture sector in India is suffering from a variety of problems like the use of outdated equipment, improper infrastructure, and farmers unable to access a wider range of markets with ease while making just limited profits on crop sales. Proper infrastructure and supply chain management are the more pressing concerns. With improvement in areas of technology, digitization and startup culture growing rapidly, there are many new ones entering the Indian startup ecosystem. The Agri startups in India are providing information, techniques and efficiencies to farmers.
List of Successful Agritech Startups in India
Aarav Unmanned Systems
SFarmsIndia - Platform for Listing & Fraction Trading of Agri Lands
|Founders||Kamesh Mupparaju, Linus Lindgren|
Founded by Kamesh Mupparaju and Linus Lindgren in 2018, SFarmsIndia is an online web application with two core functions; listing and fraction trading. These two functions work together creating a great synergy. On the listing platform buyers can find/search agriculture lands and sellers can list/post the agriculture lands for sale/lease. On the other hand, SFarmsIndia's main USP is that it makes an agreement with the seller (Agri-realty developer) to issue fractions by digital land contract against their lands. Each agriculture land is assigned with a digital contract and divided into 2000 fractions per acre, thereby enabling medium to small income groups to acquire lands easily. After owning the fraction, people can sell it directly through the trading platform.
Technology is the core of SFarmsIndia's business operations. Using technology, they intend to create an effective and efficient platform for Agri-lands that can eliminate the middlemen who inflate the prices.
KhetiGaadi - Marketplace for Tractors & Farm Machinery
|GMV||INR 1 Crore (2020)|
|Founders||Pravin Shinde and Vishnu Dhas|
Founded by Pravin Shinde and Vishnu Dhas, Khetigaadi.com is world’s first platform where one can buy, sell, rent, compare and review tractors and farm machinery, all with a simple click. It has been established to encourage farm mechanization and usage of technology and hi-tech products in agriculture to optimize yield in less man-hours.
Built on high-tech angular technology, agritech company KhetiGaadi portal is as safe as an online banking portal. To make the platform user friendly for the farmers, KhetiGaadi has made it available as an App in 10 languages and the company's website can be viewed in 3 different languages, English, Hindi and Marathi. The concept is techno-savvy and compatible with iOS as well as Android. As of 2021, this agritech startup is looking to raise Series A round & expected to double the GMV to INR 100 crore.
Farm2Fam - Redefining Health via Microgreens
|Parent Organization||Vijay Transtech Pvt. Ltd.|
Farm2Fam is a Mumbai based startup which grows microgreens which are free from pesticides, herbicides and chemicals and delivers it straightly to the customer’s doorstep. Farm2Fam aims to create awareness about the capacity of the human body to heal itself with natural nutrition. Their intention to use technology in combination with traditional Indian agricultural methods to grow niche nutritional products.
Farm2Fam was founded in January 2019 by Keya Salot. She is a law graduate and worked with reputed law firms prior to starting Farm2Fam. This Microgreen-based agritech startup is soon going to partner with marquee brands like Pizza Express, Bay Route and White Charcoal. It sees itself in every household with a target of 300+ consumers per month.
Crofarm - Farm to Business Venture
|Founders||Varun Khurana, Prashant Jain|
|Total Funding||$3.783 Million|
|Investors||Vinay Mittal, Ramit Sethi, Pravega Ventures, FactorE Ventures, Ashish Chand|
Crofarm is a website that was founded by Prashant Jain and Varun Khurana in May 2016 and is an F2B i.e. Farm to Business venture. Their platform has over 10,000 farmers on their network and have also partnered with Reliance Retail, Big Basket, Grofers, Big Bazar, Jubilant Foodworks and Metro Foods.
This agritech startup generates revenue through commission. Starting from nearly 5% of the price in case of less perishables, like onions and potato, around 15% of the price of green vegetables, and 20-25% in case of fruits and exotics. They procure products that have a longer shelf life from national sourcing zones and other products from regional sourcing zones. This agriculture startup has raised $1.5 million in seed funding from investors like Mukul Singhal and Rohit Jain, former Principals at SAIF Partners and recently raised $1mn from Smile Group for pre-series A round and entered B2B2C space with the launch of Otipy in 2020.
BOHECO - Reinventing Industrial Hemp-based Products
|Agriculture Startup||Bombay Hemp Company|
|Founders||Avnish Pandya, Chirag Tekchandaney, Delzaad Deolaliwala, Jahan Peston Jamas, Sanvar Oberoi, Sumit Shah, Yash P. Kotak|
|Revenue||INR 7 Crore (2020-21)|
|Investors||Ratan Tata, Rajan Anandan, Sanvar Oberoi, Srinivaas Sirigeri, Nikhil Velpanur, Yash Kela, GINI Intl Ltd.|
BOHECO – Bombay Hemp Company – is a Mumbai-based social enterprise founded in 2013 to research on and promote industrial hemp. Their operations range from research, cultivation, harvesting, processing, manufacturing, trading, wholesaling, retailing, innovating, creating a market for and promoting Indian industrial hemp both across the country and around the world.
Boheco uses public- private partnership, contractual farming and processing, subsidiaries and collaborative research models with the aim to build an industrial hemp ecosystem. Boheco is an agro-based startup that is reinventing the future of agriculture and sustainable living with hemp as their lens in India. The startup harnesses the power of agriculture by advocating industrial Hemp and its benefits to society. They give assistance to local farmers in cultivating their crops by providing optimum seeds, best practices in cultivation techniques and innovating the Agro-products.
Aarav Unmanned Systems - Building the Future of Drones
|Agriculture Startup||Aarav Unmanned Systems|
|Founders||Nikhil Upadhye, Suhas Banshiwala, Vipul Singh, Yeshwanth Reddy|
|Investors||BellWether Advisors, 500 Startups, 3one4 Capital, Sanjay Jesrani, The Phoenix Fund, among others|
Aarav Unmanned Systems is startup which is an unmanned aerial vehicle incubated at IIT Kanpur with a team of designers, developers, artists, and engineers from IIT Kanpur, IIT Bombay, IISC Bangalore & IIST. They aim to build the future of drones and their applications in the enterprise space. The company’s drones provides high-value engineering solutions to enterprises across geographic information system surveying/mapping, industrial inspection and precision agriculture. Thus, it holds the potential for making precision agriculture scalable in the nation, which is far behind in employing this type of technology.
They provide accurate 3D representations of the terrain surface and it can transform and change the way decisions are made in agriculture through its solutions to optimize irrigation, fertilization, pesticide distribution and early failure warnings. This Agritech Startup's recent funding came in 2018 as a pre-series A round from GrowX Ventures, 500 Startups and Bellwether Adviors.
Aibono - Leverages Data Science to increase Farmers' Yields
|Total Funding||$5 Million|
|Investors||Ashish Kacholia, S Chand Group, Menterra Ventures, Redbright Partners and others|
Aibono is an agritech founded by IIT Madras graduate Vivek as Airwood Aerostructures, and rebranded as Aibono, which is a company that provides farming related intelligence, technology, expertise and gadgets to farmers. The startup advices farmers on the right amount of inputs to use for maximum yield. They began in the niche area of providing Farm Management-as-a-Service whereby, a farmer gets to outsource his entire measurement, production management and decision-making processes to a Service.
The agritech company has helped in increasing yields by nearly 50% for about 140 farmers it works within the Nilgiri hills in Tamil Nadu. A precise day-to-day interventions to farmers is given by centrally managed Data Science and Recommendation Engines enabled by its data scientists and agronomists, which results in a 30 to 50% increase in yields. Aibono recently raised $2 million in fresh capital from Rebright Partners and Mitsui Sumitomo Insurance Venture Capital taking its total funding to $5 Million.
AgricxLab - Connects Cold Storage Owners to Agri-product Buyers
|Founders||Ritesh Dhoot, Saurabh Kumar|
|Investors||Ankur Capital, Centre for Innovation Incubation and Entrepreneurship|
AgricxLab is a Thane-based online B2B platform founded by Ritesh Dhoot and Saurabh Kumar for connecting cold storage owners with bulk buyers for agri-products. They use smartphone imaging to assess the quality of Agri-produce through its mobile app which uses artificial intelligence and computer vision to on images to yield objective, accurate and faster quality assessment of agri-produce. Agricx offers solutions to warehouses and enterprise clients with a plan to expand across the food produce supply chain. The startup has raised a total funding of $500K from various investors, including Ankur Capital.
Cropin - Provides Smart SaaS-based solutions to Agritech Businesses
|Total Funding||$32.7 Million|
|Investors||Chiratae Ventures, Bill & Melinda Gates Foundation, ABC World Asia, Ankur Capital, BSP Funds and others|
Cropin is an agritech startup that integrates the agricultural sector with Information and Communication Technology by putting a network of ERP and BI i.e. Business Intelligence across rural India. Cropin is Full-Stack Agritech organization providing smart SaaS based solutions to agritech businesses globally. Cropin collaborates with the different value chain participants along the supply chain to monitor the farm produce status closely. They provide farm businesses a farm management software and mobile app, which enables them to do connected and data-driven farming. It allows farm businesses to take advantage of real-time data and insight from farms with the help of an accurate view of their operation throughout the growing season and to improve financial, operational and agronomy aspects.
Cropin uses cutting-edge technologies, Big Data analytics, Artificial Intelligence, Geo-tagging & Satellite monitoring to revolutionize the agri-ecosystem. This agriculture startup has raised a total of $32.7 Million funding till date, with its recent Series C round in 2021 for $20 Million from ABC World Asia.
Fasal - Uses AI & Data Science to make On-Farm Predictions
|Founders||Shailendra Tiwari and Ananda Verma|
|Investors||Mistletoe, Zeroth.AI, Mind Fund, Artesian VC|
FASAL is a Bengaluru-based agritech platform founded by Ananda Verma and Shailendra Tiwari in 2018 which is developed by Wolkus Technology Solutions and is an AI powered platform for agricultural ecosystem. It records a variety of growing conditions on the farm and then uses artificial intelligence and data science to make on-farm predictions, before delivering the insights anywhere on any device including Android, iOS, tablets and web.
FASAL has saved close to 3 Billion Liters of freshwater to date. This agritech startup is on a course to the close FY21 with 1000 farms and 20, 000 acres of land under its purview. It is also looking to hit and annual revenue run rate of $1 Million.
Gold Farm - Provides Agri Farm equipment via Booking Farm Agents
|Agriculture Startup||Gold Farm|
|Investors||Mahindra Rise, Infuse Ventures, Intellecap|
Gold Farm is a Bangalore-based agritech company founded in 2012 which is based on mobile app to provide agriculture farm equipment through booking farm agents. This Agri startup is founded by Coimbatore-based Abhilash Thirupathy. They provide solar water pumps for agriculturist farming in power shortfall regions in our country. Gold Farm provides an opportunity door to the farmers booking farm equipment through the call service and mobile application.
Currently, Gold Farm runs over 250 booking agents and 500 tractor owners connected to their mobile app. They aim at enhancing the growth and sustainability of farmers by structuring productive ecosystems through innovation and technology. The startup has raised a total funding of $3 million.
Ninjacart - India’s Largest B2B Fresh Produce Supply Chain Company
|Founders||Ashutosh Vikram, Kartheeswaran K K, Sharath Loganathan, Thiru Nagarajan, Thirukumaran Nagarajan, Vasu Devan|
|Total Funding||~ $194.2 Million|
|Investors||HR Capital, Walmart, Tiger Global Management, Trifecta Capital Partners, Flipkart, Nandan Nilekani & others|
Ninjacart is just one of the few Bangalore-based agriculture supply chain companies in India. It was founded by Thirukumaran Nagaranjan in 2015. It currently moves more than 60 tons of produce a day from farm to store in less than 14 hours at a lower than traditional supply chains. Ninjacart helps more than 2,000 farmers to sell more than 80 vegetables and fruits every day to more than 800 retailers and restaurants in Bengaluru. They also claim to have wasted 4% wastage in the entire supply chain.
As of 2021, Ninjacart raised a total funding of around $194.2 Million of which Flipkart and Walmart recently invested $30 Million in this agritech supply chain startup. Currently, Ninjacart is equipped to move 1400 tons of perishable from farms to businesses, everyday, in less than 12 hours.
Waycool - Food Distribution Company
|Total Funding||$64.9 Million|
|Investors||LGT Impact Ventures, Caspian Impact Investments, Aspada, Northern Arc, InnoVen Capital, Lightbox & others|
Waycool is India’s fastest growing food distribution company that has a network for 35,000 farmers across vegetables, fruits, rice, pulses and other food products. It was established in July 2015 with the aim of fixing the disorganized perishable supply chain. They have a retail presence, currently present in Chennai through the brand SunnyBee, operating retail stores, mobile stores on trucks, as well as e- commerce. They also have a large number of high quality private label products that SunnyBee produces and brands through partnerships with sister companies.
This Agritech has raised a total funding of $64.9 Million, of which its recent funding came in 2021 from Lightbox Ventures ($32 Million - series C), IndusInd Bank ($5.5 million - debt) and $7.8 Million came from Samunnati, RBL Bank and InnoVen Capital. Waycool is actively using 19 technologies for its website and has $2 million estimated revenue annually.
Intello Labs - Leverages AI to assess Food Commodities' Quality
|Agriculture Startup||Intello Labs|
|Founders||Milan Sharma, Nishant Mishra, Himani Shah and Devendra Chandani|
|Total Funding||$7.9 Million|
|Investors||Indigram Labs, GenNext Venture, Nexus Venture Partners and Omnivore|
Intello Labs does quality assessment of food commodities using computer vision and AI. Intello Labs help food businesses like growers, traders, retailers, food service companies, exporters, etc. to improve their customer satisfaction and cut down losses.
Intello Labs reports to be aggressively growing in India while also pursuing global markets, including the likes of China, Southeast Asia, and the USA. Some of Intello Labs’ larger clients include Reliance Fresh, Dole, Ocean Spray, and many of the leading e- grocery companies in China and Southeast Asia. In 2020, Intello Labs raised $5.9 million, which is approximately Rs 45 crore, in Series A funding led by Saama Capital.
Agrowave - Creating Mobile Pickup Stations for Sustainable Agri Supply
|Investors||Shekhar Puli, Daffodil Software|
|Revenue||INR 27 Cr (FY20)|
Founded by Anu Meena, Agrowave is an Agritech company that aims at helping farmers by directly connecting them to businesses and constructing a sustainable supply chain management. It has built several pick-up stations for farmers where they can load their products and that they don’t have to travel very far to sell it. It has a mobile app running on IOs and Android, where farmers sell their produce, the delivery trucks pick up the produce from farmer gates and pick up stations and allow hassle-free payments. This produce is then delivered through systematic route mapping to the end customers.
Anu Meena, alumni of Delhi IIT, conceived this brainchild after witnessing the struggles and challenges of her grandfather back in Rajasthan who happens to be a farmer himself. She aims at simplifying business for farmers all over by eliminating middlemen and giving farmers the best price for their produce.
BharatAgri - Provides Personalized Advisory Service to Farmers
|Founders||Sai Gole, Siddharth Dialani|
|MoM Growth||25% as of 2021|
|Investors||021 Capital, India Quotient|
BharatAgri is a personalized service where farmers are educated ab serout the crop they’re planning to plant and provides complete guidance and expertise on how to grow it. The service includes expertise on pesticides, critical advisory on weather and soil analysis. It ensures maximum and yield on production with timely analysis of production costs. BharatAgri lends support at every stage of farming through offline and online technology including In-App chat support, Interactive voice response (IVR), and Whatsapp.
Co-founders Sai Gole and Siddharth Dialani quit their high-paying jobs in 2017 to learn about the challenges that farmers face and lived in a village near Pune to understand and implement their IIT learning experience into practice and find solutions to farmers’ woes. With a farmer base of 3000 onboard, the agritech has now shifted to the B2F (Business to Farmer) model, so that they can provide better services to farmers needing technical help through digital farming.
BigHaat - Online Agri-input Distribution Platform
|Founders||Satish Nukala, Sachin Nandwana|
|Investors||Ankur Capital, Beyond Next Ventures & more|
|Revenue||INR 80 Lakh (FY19)|
BigHaat is an Agri input and digital marketplace for farmers who seek guidance and information on various aspects of farming. The agritech has a wide range of services and products such as advisory services related to crop nutrition and farming, products such as seeds, agricultural machinery, and much more.
It has also built an Agri platform in collaboration with Microsoft, called Kisan Vedika which addresses issues and queries through experts in regional languages. BigHaat’s marketing team works both offline and online to acquire a customer base. In addition to this, they offer a support channel that is also available for any queries. The farmers have to give a missed call on the designated number and the Agri expert will revert with necessary guidance.
Founded in 2015 by Satish Nukala and Sachin Nandwana, BigHaat boasts about providing Agri advisor services and products to 4 million farmers in the country. The Agritech has raised 2 million in its latest funding series through investors such as Ankur Capital, Rockstud Capital, and Beyond Next Ventures.
Bijak - Bridges the gap between Agri Buyers and Sellers
|Founders||Nikhil Tripathi, Mahesh Jakhotia, Nakul Upadhye, Jitender Bedwal, Daya Rai|
|GMV||INR 2000 Crore (2020)|
|Investors||RTP Global, Sequoia, Omidyar|
|Total Funding||$14.5 Million|
Bijak is an Agri commodities exchange platform that aims to bridge the gap between buyers and sellers. It also acts as a bookkeeping app that helps you keep all transactions and related documents on your phone. Bijak helps buyers with quick loan disbursals and immediate payments to suppliers, with real-time, hassle-free payments. It is spread over 27 cities and union territories and covers more than 100 agricultural commodities on its platform.
The B2B platform was founded in 2019 by a team of five namely Nikhil Tripathi, Mahesh Jakhotia, Nakul Upadhye, Jitender Bedwal, and Daya Rai. It has raised close to INR 91 crores in its Series A funding round. The ambitious startup aims at providing buyers and sellers a considerable working capital and improved logistics.
Clover Ventures - Offers Full-Stack Agronomy Solutions
|Agriculture Startup||Clover Ventures|
|Founders||Arvind M, Avinash B R, Gururaj S Rao, Santosh Narasipura|
|Total Funding||$7.5 Million|
|Investors||Omnivore, Accel, Mayfield & more|
Clover Ventures is a Bangalore-based agritech company that deals in the creation and management of farm networks in Karnataka, Telangana, and Andhra Pradesh. It aims at tapping several agricultural roadblocks faced by farmers such as complex and inefficient supply chain, consistency and quality issues, and lack of stable backend supply. It aims at creating and solidifying an organized supply chain for fresh produce. The company currently manages over 70 acres of farmland and provides fresh produce to various fine dines, Retail stores, food processors, and online Internet Kitchens.
The logo with four leaves of the clover represents Arvind M, Avinash B R, Gururaj S Rao, and Santosh Narasipura, the co-founders of the company. The core functions of the company work on the model of the demand-backed supply chain for perishables. The key focus is on quality of the produce, consistency, and traceability. The B2B company is about to launch a B2C service out of Bangalore and Hyderabad this year.
Ergos - Building 'Grainbank' to Convert Food Grains into Digital Assets
|Founders||Kishor Jha, Priyanka Kumari, Praveen Kumar|
|Revenue||INR 19 Crore (FY19)|
|Investors||Aavishkaar Capital, Chiratae Ventures & more|
Ergos is an Agri startup that facilitates storage for food grains and provides digitized solutions for the management of the same. Indian farmers who lack storage capacity often face grain loss in quantity and deterioration of quality and this leads to selling their produce at lower prices. Ergos helps them store their grains in their “Grain bank” and facilitates loans and supply chain management through networks with NBFCs and Banks. Farmers can always withdraw their produce, even a single bag of grains, at their disposal.
The Patna-based Agri startup was founded in 2012 by Kishor Jha, Priyanka Kumari, and Praveen Kumar. Ergos claims to support 25000 farmers so far and aims to extend its footprint outside Bihar by setting up 500-600 new grain Banks across various states. The company raised INR 81 crore in its recent funding round and is assertive on building better post-harvest and supply chain management.
FreshoKartz - Provides Soil Advisory and Fertilizers
|Founders||Rajendra Lora, Nagendra Yadav|
|Revenue||INR 5.16 Crore (FY20)|
|Investors||Innovana ThinkLab, RVCF & more|
FreshoKartz is an eCommerce marketplace for farm-fresh produce, based in Jaipur Rajasthan. It offers various services such as soil advisory and products such as pesticides, seeds, fertilizers, etc for farmers. The company works on the on-demand procurement of fresh farm produce and helps farmers avail themselves right prices. FreshoKartz offers transparent weighing and immediate payment of the produce. It also offers financing facilities for farmers during the harvesting season.
Founded in 2016 by Rajendra Lora and Nagendra Yadav, FreshoKartz is funded by iStart, an incubator run by the Rajasthan Government to support startups. Recognized by the government early on, the company has been provided with a co-working space and best knowledge imparting mentors in the Agri tech industry. These mentors help the company find VCs and angel investors. The company has also been awarded the Bamasaha techno fund worth INR 20 lakhs and a marketing fund worth INR 10 lakhs. FreshoKartz aims at eliminating middlemen in the process of selling fresh produce directly from the farmers to other businesses. Their B2B clientele so far includes ITC hotels, Hilton Jaipur, and several other commercial kitchens in Jaipur.
MeraKisan - Offers Certified Organic Products to Consumers
|Revenue||INR 30 Crore (FY20)|
|Investors||Mahindra Univeg, Ajinkya Rahane|
MeraKisan is an online marketplace for a wide range of freshly produced farm products. The farm to fork company aims to support local farmers by providing seasonal and regional fruits and vegetables directly to consumers. Its products range from pulses and cereals to exotic and seasonal vegetables along with superfoods and organic cooking oils. The company recently launched its own range of handcrafted juices, smoothies, salads, and refreshments under the brand Saboro Lounge. It also provides end-to-end soil advisory and other farming facilities.
MeraKisan was roped in by a joint venture between Mahindra Univeg Pvt. Ltd and Belgium-based Univeg (Greenyard Foods). Prashant Patil, the founder of MeraKisan is an IT engineer by profession and started operating in 2014. Patil, through a fresh issue of shares, holds 66% of MeraKisan Pvt. Ltd. The company claims to have more than 500 sellers on its website. In March 2020, the Mahindra-backed company found a new investor in Ajinkya Rahane, the vice-captain of the Indian Test Cricket team.
This was our list of agriculture companies in India. Hope this helps you in having agritech business idea you can start with. If you know any great agriculture startup which we should feature, please mention it in the comment.
Frequently Asked Questions - FAQs
Which is the largest agricultural industry in India or Which crop is mostly grown in India?
In India, the largest argricultural produce is rice followed by wheat.
Is agriculture the biggest industry?
Agriculture is the world's largest industry.
How much does agriculture contribute to Indian economy?
Over 70 per cent of the rural households depend on agriculture. The Agriculture sector's contribution to the Indian economy is much higher than the world's average (6.4%). It is estimated that India’s agriculture sector accounts only for around 14 percent of the country’s economy but for 42 percent of total employment.
Which state is No 1 in agriculture in India?
Uttar Pradesh comes under the top farming state in India and the rank of Uttar Pradesh counted under major state wise crop production in India, bajra, rice, sugarcane, food grains, and many more. It is followed by Haryana, Punjab, and Madhya Pradesh. West Bengal ranks high in fruit production.
What is the rank of India in agriculture?
India is the world's largest producer of milk, pulses and jute, and ranks as the second largest producer of rice, wheat, sugarcane, groundnut, vegetables, fruit and cotton.
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