There are nearly 450 AgriTech startups in India, as of 2020. As per the estimates of FICCI, these startups are growing at a rate of 25 per cent annually. With more than half of the Indian population earning a source of livelihood from agriculture, it is imperative that these startups up their game and streamline the processes involved in farming to benefit all the stakeholders.
Let’s have a look at the top 10 AgriTech startups in India:
Agrostar
Founders: Shardul Sheth, Sitanshu Sheth
Founding Year: 2013
Headquarters: Pune, Maharashtra
Funding received: US$ 42.4M
Investors: Accel, Chiratae Ventures, InnoVen Capital, Aavishkaar Venture Capital, Bertelsmann India Investments, Rabo Frontier Ventures
AgroStar is an AgriTech startup working on the mission of helping farmers flourish by providing a complete range of data and tech-driven solutions combined with agronomy. The startup currently operates in the states of Gujarat, Maharashtra, Rajasthan, Madhya Pradesh, and Uttar Pradesh and has more than 6.6K farmers on its digital platform. Farmers in these states can avail themselves of agricultural solutions for their entire crop lifecycle by giving a missed call or through its Android app, which is amongst the highest rated farming focused apps in the country.
Radiant AgriTech Limited
Founders: Manikandan Palani, Venkat Acharya
Founding Year: 2018
Headquarters: Chennai, Tamil Nadu
Funding received: US$ 6.6M
Investors: Venkat Acharya, Senthil Muthuswamy
Radiant AgriTech Limited is India’s first scientific eco-farming startup that forays into the potential of a US$ 3.6B industry in afforestation. The startup is working on regenerating one of the most demanding & endangered forest species, Pterocarpus Santalinus in South India and has established the largest Red Sanders plantation as an AgroForestry concept globally.
ReshaMandi
Founders: Mayank Tiwari, Saurabh Agarwal and Utkarsh Apoorva
Founding Year: 2020
Headquarters: Bengaluru, Karnataka
Funding received: US$ 1.63M
Investors: STRIVE, Axilor Ventures, Omnivore, Supply Chain Labs
ReshaMandi is an AgriTech startup digitizing India’s silk supply chain. It has been developing a full-stack platform to manage the silk supply chain. The platform provides services including quality testing, technical advisory, high-quality inputs, and market linkages, at each level of the silk supply chain.
Satyukt Analytics
Founders: Yukti Gill, Sat Kumar Tomer
Founding Year: 2018
Headquarters: Bengaluru, Karnataka
Funding received: US$ 0.49M
Investors: Social Alpha and Nabventures
AgriTech startup Satyukt Analytics has developed advanced proprietary algorithms processing multi-satellite TV for PC imagery included with multiple on-field, weather, and marketplace records factors. These algorithms offer dynamic insights on water resources, crop health, and hazard tracking combined with advisory offerings to several stakeholders within the agricultural sector.
Farm Theory
Founders: Arpit Agarwal, Sakshi Agarwal
Founding Year: 2019
Headquarters: Bengaluru, Karnataka
Funding received: US$ 150K
Investors: Y Combinator
Farm Theory is an agri-tech startup that procures fruits and vegetables directly from farms and delivers them right at the customers’ doorstep.
BluKhet
Founders: Tanmay Prasad, Yashwanth Chowdary Davuluri and Vishant Savio Dmello
Founding Year: 2020
Headquarters: Nellore, Andhra Pradesh
Funding received: US$ 139K
Investors: VIT Technology Business Incubator, Indian Institute of Science
Blukhet focuses on state-of-the-art farming methods to boost agriculture in India. The startup believes agriculture in India is on a rampant downfall, with excessive chemical fertilizers being used to increase the yield. Consequently, the topsoil worsens at a rapid rate causing the farmers to add even more fertilizers. Blukhet is on a mission to revolutionize agriculture in India by promoting soil-less farming technique methods to obtain highly dense as well as nutritional yield.
Yuktix Technologies
Founders: Rajeev Jha, Shailendra Singh
Founding Year: 2013
Headquarters: Bengaluru, Karnataka
Funding received: US$ 133.2K
Yuktix Technologies is a GOI DIPP (Government of India Department of Industrial Policy and Promotion) recognized AgriTech startup that focuses on providing digital tools for agriculture farm monitoring and risk management. Its solutions help farmers execute the best research and practices to increase productivity. The startup is driven by the vision to provide the tools to implement the best research methodologies for small scale farmers. It brings the benefit of technology to every farm for a sustainable and secure future.
Anaka Agritech
Founders: Mohit Maski, Karthik Setloor, Basanth Patil
Founding Year: 2018
Headquarters: Bengaluru, Karnataka
Funding received: US$ 40K
Investors: Start-Up Chile
Arnetta Technologies
Founders: Shashidhar S, Vishwanath Nandagudi, Jayanth Ghatadahalli, Aravinda R.
Founding Year: 2012
Headquarters: Bengaluru, Karnataka
Funding received: US$ 26.6K
Investors: IIT Mandi Catalyst
Arnetta Technologies’ goal is to incrementally impact the automation of the product development process of the agricultural enterprise ecosystem through the design, development and deployment of cost-efficient digital tools. This ensures the higher relevance of their products in their respective markets.
Khetra
Founders: Anirudh Toshniwal, Sandip Dogra, Suvobrata Mukherjee
Founding Year: 2019
Headquarters: Bengaluru, Karnataka
Funding received: US$ 1.7K
Khetra is an agri-sourcing platform where farmers can list their produce & buyers can select and buy directly from their farmer’s network. Its marketplace platform aims to eliminate the gap between farmers and buyers, establishing transparency, quality, and end-to-end service for its customers.
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