Five agritech startups that help farmers with their innovative solutions.
A recent report by EY said that India’s agritech market is capable of reaching $24 billion by 2024. In India, agriculture is the primary source of living for 58 per cent of the population. The past few years have seen several startups venturing into the field with innovative solutions to help farmers. Here are five such agritech startups.
AgroStar:
The Pune-based AgroStar was launched by Shardul Sheth and Sitanshu Sheth in 2013 to serve as an online marketplace where farmers can buy agricultural products. The startup helps farmers access advice from experts on managing crops and enhancing yield. It currently caters to more than five million farmers across Rajasthan, Maharashtra, Madhya Pradesh, and Uttar Pradesh. It raised $70 million in a Series D round in December 2021.
DeHaat:
DeHaat helps farmers nurture crop yield with the help of modern technology. The startup was founded by Amrendra Singh, Shyam Sunder, Adarsh Srivastav, and Shashank Kumar in 2012. In October 2021, the startup raised $115 million in a Series D round from Sofina, Lightrock India, and Temasek.
Cropln:
The AI-enabled and data-driven agritech startup Cropln was established by Krishna Kumar, Kunal Prasad, and Rupesh Goel in 2010. It provides SaaS solutions to agri-business globally. The startup has so far partnered with more than 250 companies worldwide and digitised more than 16 million acres of farmland and thus improving the lives of about seven million farmers. The startup raised $20 million in a Series C round in January 2021.
Fasal:
Fasal’s AI-powered IoT SaaS platform lets on-farm sensors and scientific calculations pass farm-related information to farmers in their native language. The startup established by Shailendra Tiwari and Ananda Verma provides farmers with an application to plan, screen, and analyse their farming activities. In 2021, the startup raised $4 million.
IntelloLabs:
IntelloLabs’ digital products use AI tools and image analytics to aid retailers, farmers, and exporters assess the quality of fruits and vegetables. With the mobile app, one can analyze if a fruit or vegetable is under-ripe, ready to eat or waste just by taking a picture of the produce. The startup founded in 2016 by Milan Sharma, Himani Shah, Nishant Mishra, and Devendra Chandani raised $5.9 million in Series A funding in 2020.
