According to a media report, as of 2020, the Indian Agritech Market has 600-700 Indian Agritech Startup Companies. On the basis of the revenue in the financial year 2020, startups that are in the output linkage and supply chain category for example Ninjacart are winning this business. Consulting, precision farming and analytics startups are still in their infancy now. CropIn is the market winner in precision farming. In this article, we will discuss the top 10 agriculture startups in India.
Top 10 Indian Agritech Startup Companies 2021
By the end of FY2025, the market is estimated to witness growth at a CAGR of 32%in respect of revenue. So there will be more Indian agritech startup companies. Increasing rural internet and smartphone penetration is thought to boost the adaptation of agricultural solutions by the country. By 2025 more 410 million smartphone users are expected to join the current user base of India, with the rural population constructing the majority of the area. Let us have a look at the top 10 agritech companies in India.
Ninjacart is the country’s largest Fresh Produce Supply Chain. It is considered as a pioneer in getting solutions to one of the most difficult supply chain issues across the globe via its innovative technology. This startup initiates a medium to build a bridge among the producer of the food, retailer, restaurants, and the service providers that conduct end to end operations.
Presently their supply chain enables the transportation of fruits and vegetables from the farmers to retailers and also businesses across 7 cities in India every day in just less than 12 hours. Their model is created to cut down the middle parties by gaining control of the Supply Chain using analytics and technology.
This Logitech is cost effective, reliable, and includes high speed logistics and infrastructure that resolves inefficiencies and decreases the wastage of food in the Supply Chain.
CropIn is in a good position to acquire a multi disciplinary approach to AI, Agriculture, Earth Observation, Meteorology, and Computer Sciences, all of which will function together to offer valuable knowledge to develop the ag-ecosystems and influence the livelihood of a farmer. The SaaS solution of CropIn is utilized by 225 agribusinesses and few governments and non-government organizations in more than 52 nations.
CropIn enables organizations to put forward their objectives successfully around Compliance, Digitization, Sustainability, Traceability, and Predictability by extracting technology. CropIn has successfully digitized more than 13 million acres of agricultural land which has improved the lives of over 4 million farmers and accumulated 388 crops and 9,500 types of crops. The adaptation power of CropIn is 92% and their client retention rate is 98%.
This is another agritech startup in India 2021 that has gained a lot of popularity. AgroStar is India’s leading startup on Attachment which was founded in 2013 and is located in Pune with the focus of #HelpingFarmersWin but establishing a comprehensive variation of agro solution at the fingertip of the farmers. The technology platform of AgroStar mixes agronomy guidance along with Agri input goods and services to allow the farmers to develop their productivity and their revenue considerably.
DeHaat was founded in 2012 and it is among the fastest expanding Indian agritech startup companies, and also among the few firms in India that offer end to end services and solutions to the agricultural community. It is believed by the firm that the technology that is AI enabled will alter the supply chain and efficiency of production of the agricultural sector. Now they have 350,000 farmers in their network of service in UP, Bihar, West Bengal, and Odisha and their aim is to reach 5 million farmers by the end of 2024.
DeHaat is a presently completely financed startup with a rate of growth of nearly 3-4X annually. This startup has been founded by graduates from IIT Kharagpur, IIT Delhi, IIM Ahmedabad, and other premier universities.
Stellapps is an end to end dairy technology solution company that is the first of its kind in India. This company was founded in 2011 by a group of technologists and IITians with a strong background in the industry and high experience that include IIT Kharagpur, IIT Madras, and IIM Ahmedabad alumni Jinesh Shah, Ramkrishna Adukuri, Praveen Nale, Ravishankar Shiroor, and Ranjith Mukundan, Stellapp formulates solutions for dairy management software that utilize technology for enhancing the dimensions of the dairy supply chain. The app of the company uses big data, IoT, mobility, cloud, mobility, and data analytics to develop Agri supply chain parameters like milk procurement, like production, payment of the farmers, and cold chain animal insurance enabling dairy farmers, dairy farms, and cooperatives to increase the profits while decreasing the efforts.
Bijak is a B2B platform for consumers and suppliers across India’s Agri value chain that was launched in April 2019. Bijak aims to address the lack of responsibility and the asymmetry of knowledge in the agricultural commodity of trade. Bijak has evolved to cover 22 states, 400 areas, and 80+ commodities since its establishment. Now they have a staff of nearly 60 people and are expanding rapidly.
BharatAgri was founded in 2017. It is an agricultural technology channel where they directly engage with farmers. This agri fintech startup in India focuses to bridge the gap between agriculture and technology that is prevailing in India to reach many Indian farmers.
With the motto to “Empower every farmer & Digitize every farm,” they provide aid to the farmers to “Grow Efficient, Grow More” by utilizing scientific approach and delivering important information at the correct time along with rapid monitoring.
Gold Farm is among the best Indian agritech startup companies that are located in Bangalore. They offer Indian farmers with a tractor booking channel that is based on a smartphone application. They are also the supplier of water pumps to the farmers residing in the power scarce areas in India. Gold Farm is highly passionate about agriculture and the fact that their work helps the farmers. They try to improve the growth of the farmers and also their sustainability by building an efficient ecosystem through technology and innovation.
Villageagro Agritech Private Limited is a marketplace that is online for organic and fresh fruits, poultry, vegetables, and also dairy goods which is both “Farmer to Business (F2B) and Farmer to Customer (F2C). They collect organic and fresh fruits, poultry, vegetables, and also dairy goods directly from farms and deliver them to the companies. It is India’s fastest growing agritech startup company. Along with smart farming, it also acts as a scientific, technological, and managerial link in the agricultural supply chain.
Fasal was launched in 2018 and it has successfully recognized the many issues that revolve around the minds of the farmers, not only during a particular phase but the whole time the crop is on the fields. Fasal is known to promote sustainable agriculture and solutions that influence economic, environmental, and social aspects positively, therefore, contributing effectively to the United Nations Sustainable Development Goals.
The above mentioned are some of the best Indian agritech startup companies which are doing great work for the farming industry. The main aim of all these agritech startups is to provide aid to the farmers and improve their earnings keeping in mind the sustainability of agriculture.