Here are the top funded Agritech startups to watch out for:
AgroStar founded by Shardul sheth with Sitanshu sheth in 2013.
Agrostar has
raised a total of $14M in
funding over 2 rounds. Their latest funding was raised on Mar
7, 2017 from a Series
B round.
CropIn
Technologies has
raised a total of $11.7M in
funding over 6 rounds. Their latest funding was raised on Nov
19, 2018 from
a Series
B round.
FarmTaaza has
raised a total of $8M in
funding over 2 rounds. Their latest
funding was raised on Nov
1, 2018 from a Series
A round.
The investors of
Farmtaaza are Musaab hakami, Tara Indian fund iv , Epsilon venture partner, IL &
FS investment manager.
"Agriculture is the backbone of India
In this agricultural revolution where each
task seems to be done by robots. With enhancing of Artificial intelligence and
machine learning technology, it is the starting of new robotic ecosystem".
- Akash
In the previous decades, most of the
agricultural tasks were performed manually . Most of the essential jobs like
preparation of field, sowing of seeds, irrigation, harvesting were performed by
mankind and animals . This processes consumed lots of labour & time. Also
the yields were not desirable.
After application of these technologies,
these processes becomes less labour consuming . Most of the work is performed
by using machines. This not only makes the process faster but also makes it
more economical.
Here discussing most emerging startups in
India:
#1 NINJACART
Ninjacart founded by Thirukumaran Nagarajan in 2015. It is
India’s Largest agri marketing platform, solving one of the toughest supply
chain problems. They connect vegetables and fruits farmers directly with
businesses.
Ninjacart has
raised a total of $49.5M in
funding over 5 rounds. Their latest funding was raised on Dec
12, 2018 from
a Series
B round.The
startup has been funded by Accel Partners, Nandan Nilekani,
Mistletoe(Japan) , Qualcomm Ventures, Syngenta.
#2 WAYCOOL
Waycool founded by Karthik jayaraman
along with Sanjay Dasari in 2015.
Waycool procures fruits
and vegetables from small farmers and aggregators and sells through multiple
distribution channels including local shops, retail outlets, hotels,
restaurants and catering establishments.
Waycool has raised a total of $19.6M in
funding over 2 rounds. Their
latest funding was raised on Jan
15, 2019 from a Venture
- Series Unknown round.
The investors are LGT
impact venture, caspian impact investment, Northern arc, Aspada.
#3 AGROSTAR
AgroStar founded by Shardul sheth with Sitanshu sheth in 2013.
AgroStar solves the
traditional farmer problems faced around duplication, adulteration and product
unavailability by making a wide range of great quality products available to
the farmer through a simple missed call!
The startup
has been funded by Chiratae Ventures, Aavishkaar venture capital, Accel
partners.
#4 CROPIN
Cropln founded
by Krishna
kumar in 2010.
CropIn is an intuitive,
intelligent, self-evolving system that delivers future-ready farming solutions
to the entire agricultural sector. With capabilities of live reporting,
analysis, interpretation and insight that span across geographies,they digitized
ever farm, while data-managing the entire ecosystem.
The investors are
Chiratae Ventures, Bill & Melinda gates foundation, Ankur capital, BEENEXT,
Sophia investment Aps, Invested development.
#5 EM3 AGRISERVICE
The startup has been
founded by the Airtel CEO Rohtash mal with Adwitya mal in 2014.
Samadhan - FaaS (Farming as a
Service) creates a platform that enables technology to reach the farmer and the
farm in an efficient and affordable manner .
The major investors for
this startup are Global investment fund, Aspada investment, Doors development fund.
Recently they have got $10M series B funding from GIF.
#6 FARMTAAZA
The startup was founded
by Kumar Ramachandran in 2015.
It is a B2B(Business to business)entity
who procures directly from the source or farmers after grading, sorting and
sells them to sellers, restaurants, institutions.
Useful info. keep sharing!
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