Top 5 Agritech Startups in India
India is an agricultural economy. In other words, agriculture forms a key component of the primary sector of India’s economy, with Indian agriculture and allied sectors contributing to 20% of the nation’s GDP in 2021, according to StatisticsTimes. However, agriculture is highly susceptible to extraneous factors such as weather, market dynamics, geopolitical conflicts, and governmental policy, making it all the more difficult for Indian farmers. However, thanks to the boom of India’s startup ecosystem, agriculture technology or ‘AgriTech’ has picked up steam and grown exponentially over the last couple of years, with over 1000+ AgriTech companies adding value to the agriculture landscape of India.
What is AgriTech?
As the name suggests, Agriculture Technology or AgriTech refers to integrating technology, infrastructure, real-time data-driven insights, and accessibility with age-old agricultural practices. AgriTech could be India’s silver bullet to becoming an agricultural superpower, for today’s AgriTech scene solves for outdated equipment, weather forecasting and prediction, predictive analytics to recommend crop yields and types, direct sales with consumers, supply chain management for fresh fruits, vegetables, and perishable products and more.
Also Read: Hiring In Agritech
Over the last two years, myriad AgriTech startups have been established in the country, yet a few are strides ahead in terms of the value they are adding to the farming ecosystem in the country.
Let us look at them
Intello Labs
Location: Haryana, India
Number of Employees: 51-100
Address: C-801, Courtyard, Nirvana Country, Sector 50, Gurugram, Haryana 122018
Who said farming is far from the grasp of technology? Intello Labs leverages the power of artificial intelligence, data science, and computer vision to enable a robust supply chain and predictive analytics ecosystem to help growers/farmers optimize their crop yields, realize fair compensation, and automate shelving and storage. Having raised more than US$ 13 Mn in funding, Intello has been at the forefront of creating diversified products that solve for all points in the farming lifecycle.
Waycool Foods
Location: Tamil Nadu, India
Number of Employees: 1001-5000
Address: Old No 1, New No 105, Arcot Ro Virugambakkam Chennai, 600092 India
One of India’s fastest growing AgriTech startups, Waycool Foods has created products and software solutions to help automate vendor management, farming supply chain management, procurement, stocking, and inventory management. They are redefining the food supply chain ecosystem by leveraging AI and ML-based demand planning software.
CroFarm
Location: Haryana, India
Number of Employees: 101-250
Address: Crofarm 37 37, Arjun Marg, Block E, DLF Phase 1, Sector 26A, Gurugram, Haryana 122002
A Farm2Business (F2B) agritech startup, CroFarm leverages the power of artificial intelligence to optimize food wastage and connects businesses directly with farmers through a user-friendly product experience. With 10,000+ farmers in their network, they are looking to rapidly increase their farmer adoption on the platform.
Agro Star
Location: Maharashtra, India
Number of Employees: 1001-5000
Address: E-Space IT Park, S.No: 46/1, A1 Building, First Floor, 101, Nagar Rd, Somnath Nagar, Wadgaon Sheri, Pune, Maharashtra 411014
Agro Star is a Pune-based agritech startup that serves as a marketplace for farmers to purchase agricultural equipment. Further, Agro Star’s key USP is bridging the knowledge gap in the farming ecosystem by providing direct insights to farmers from industry experts and scientists. Currently catering to over 5 million farmers across Rajasthan, Uttar Pradesh, Maharastra, and Madhya Pradesh. Having raised US$ 70 million in a series D funding round, they plan to expand their operations pan-India.
DeHaat
Location: Bihar, India
Number of Employees: 1001-5000
Address: Patna, Bihar, India (Head office); Gurugram (Corporate office)
Arguably one of India’s leading agritech startups, Dehaat is an aspiring full-stack technology platform for farmers to access different technology tools that will aid them in the journey from ‘seed-to-market,’ as the founders call it. From soil testing, Agri input, advisory, farm intelligence, and finance, they offer everything under the roof for farmers and microentrepreneurs to take their business forward.
CROPI
Location: Karnataka, India
Number of Employees: 251-500
Address: 3rd Floor, 1021, 16th Main Rd, Tavarekere, Aicobo Nagar, 1st Stage, BTM 1st Stage, Bengaluru, Karnataka 560029
Established by Kunal Prasad, CropIn is an AgriTech SaaS product that enables agriculture intelligence through AI, real-time data, and predictive analytics. Offering farm management, risk assessment, supply chain traceability, and more solutions, they have digitized 16 million acres of croplands in India, documenting 10,000+ Indian crop varieties.
Also Read: How To Choose A Career In Agritech
The above organizations are not even close to being the entire list of AgriTech startups redefining India. One thing is for certain, through technology, agriculture and farmers are bound to benefit immensely; we have to wait to see how rapidly the development takes place.
On the topic of development, all of these agritech startups will require highly skilled engineers, developers, data scientists, and product managers to optimize and bring their product ecosystem to international standards. If you are passionate about India’s development in the agriculture sector, here’s your chance to contribute by playing a role in the sector’s overall growth. Sign up with Xpheno‘s career portal or follow us on LinkedIn for regular job updates and build your career in the AgriTech field to help put India in the driver’s seat as far as Agriculture is concerned.
