Indian agriculture field has been the backbone of the Indian economy since independence. Although globalization has transformed the country into a more industrialized economy, the country’s agricultural sector still has a good position in India. However, for the past two decades the agricultural community in the country has lagged behind in modernizing their agricultural activities and marketing strategies. The startup community in the country attaches great importance in development and advancement of the agriculture field.
Here is a list of agritech startups that are aiding Indian agricultural industry through technology to overcome several hurdles:
- Boheko
Year of Establishment: 2013
The Bombay Hemp Company, also known as Boheko, is India’s first commercial hemp research startup, which has three foremost verticals: influencing approach, research and commercialization. The company raises hemp and studies its medicinal attributes for the treatment of differing diseases.
Objective
Boheko’s goal is to make people aware of the wonders of the hemp and dispel the myths around them.
Crew
With a small team of around 30 people, Boheko is India’s hemp research company, which has attracted high profile investors over the years due to its excellent concept and initiative.
- Crofarm
Year of Establishment: 2016
Crofarm is a supply chain that supports farmers and provides the best possible business and customer support. Crofarm buys fresh fruits and vegetables from farmers and distributes them to offline and online retailers.
Objective
Crofarm aims to provide a variety of vegetables in the future.
Crew
With over 40 employees, Crofarm is one of the best platforms to help farmers and retailers.
- NinjaCart
Year of Establishment: 2015
NinjaCart is an agro-marketing platform that allows farmers to sell their produce directly to retailers and restaurants. As farmers get the best price for their crops it not only directly helps the farmers but also the consumers too, expounded by Agriculture Machinery & Parts Manufacturers.
Objective
NinjaCart aims to create a strong local farmer network and expand its operations.
Crew
NinjaCart is an initiative to maintain transparency between farmers and consumers, with staff strength of over 1900, which will beneficial in the long run for both of them.
- Gold Farm
Year of Establishment: 2012
Gold Farm is an agritech startup that provides mobile application based farm-equipment booking system to farmers in India. In addition, the startup will also provide solar water pumps to farmers operating in different parts of India.
Objective
Gold Farm aims to double the farm income of one million farmers in India by 2022.
Crew
With over 100 employees, Gold Farm focuses on farmer growth and sustainability with the help of technology-efficient and effective ecosystems, making it one of the best agritech startups in India.
- Agricx
Year of Establishment: 2016
Agricx is the new standard for food testing commented by Rotavator gearbox manufacturer India. It is the world’s first startup to use AI-enabled stack for companies in the agri products manufacturing, warehousing, processing, transportation, or financing.
Objective
Aricx aims to use modern technology to eliminate inefficiencies in the agro-ecosystem.
Crew
With a small workforce of about 20 people, Agricx introduced AI technology in food testing, which made food testing and storage more efficient. Thus, it appears in the top ten lists.
- WayCool
Year of Establishment: 2015
WayCool is an agritech startup that specializes in product sourcing, branding, processing, marketing, end-of-mile distribution and agricultural inputs. It processes, distributes and obtains new products, dairy products and staples stated by Cultivator manufacturers India.
Objective
WayCool aims to build the largest food development and distribution service company in the world that will have a positive impact on 500,000 farmers.
Crew
With a small workforce of 250 employees, it constantly helps farmers to increase their income while maintaining the quality of eatables.
- EM3 Agri Services
Year of Establishment: 2013
EM3 Agri Services provides rental use of farm services for every stage of the farming process. These services include land preparation, seed / planting, harvesting, crop management, and farm management. In addition, EM3 allows farmers to track land.
Objective
EM3 Agri Services aims to become a complete marketplace to provide any inputs and services to small farmers.
Crew
With approximately 130 employees, EM3 Agri Services provides useful rental services to small farmers.
- Fasal
Year of Establishment: 2018
Fasal is an application that helps farmers to plan, monitor and analyze all activities on the farm. In addition, it provides AI-based predictions about pests and insects with its IoT tools, and functional recommendations.
Objective
Fasal aims to expand more crops such as tea gardens and coffee plantations in the near future.
Crew
Fasal, having around 10 employees, is entering the top 10 Agritech startups in India because of the overall idea and concept of reducing food waste and reducing farmer losses.
- Aibono
Year of Establishment: 2014
Recipient of the Social Enterprise Award in 2017 Aibono is the first AI-powered food data collector in India. It uses real time intelligence power to monitor various farms to double the yields, opined by combine crank manufacturers India.
In addition, its assessment approach allows farmers to control plant cultivation, meet demand and supply requirements during harvest, and increase farmer income.
Objective
Aibono aims to solve the problems and shortcomings of most farms in India with the help of technical input.
Crew
With a small workforce of 50-100 employees, Aibono’s idea of increasing farm efficiency with the help of artificial intelligence and data science aids it to get a top place in the list.
- Agrowave
Year of Establishment: 2017
Agrowave is a distribution network that has changed the lives of farmers with the help of a comprehensive network of MPS (Mobile Pickup Stations), interposed by straw reaper manufacturer India. It is a mobile e-seller of fruits and vegetables that connects directly with farmers and serves small and medium enterprises.
Objective
Agrowave aims to build a sustainable supply chain of fruits and vegetables.
Crew
With a small workforce of about ten employees, Agrowave will continue to assist businesses and farmers by providing the right supply chain solution.
According to government reports, 70% of the country’s 1.2 billion people live in rural India. As agriculture continues to be a major hub for India’s rural population, it is safe to say that over 50 per cent of India’s population is engaged in agriculture for their livelihood. The Indian agricultural sector, which still employs over half a billion people, is facing many problems such as the use of obsolete equipment, lack of infrastructure and unavailability to wide markets in a limited time. Over the past few years a wave of agritech startups has developed in India, improving supply chain management and marketing infrastructure of this sector, having the potential to solve this problem, changing the face of the Indian agricultural sector and ultimately raising the incomes of farmers.
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