India is the second largest agricultural area on the planet. More than 60 percent of rural Indian households earn their income by farming. The agro-based sector grew by a CAGR of 16.4 percent from FY10 to FY18.
Exports of agricultural goods from India increased to USdollars 38.54 billion for FY19, and during FY20 (till November 2019) US$ 22.69 billion. With a variety of initiatives for agriculture, India’s government is aiming to double the income of farmers in 2022. We have therefore put together a list of agricultural solutions startups in India which have made a name for themselves and growing rapidly.
The agricultural sector in India is afflicted by many issues like the use of obsolete equipment, inefficient infrastructure, and farmers being unable to reach more markets without difficulty while earning only a small profit from the sale of their crops. The proper equipment and management of supply chains are the most pressing issues.
With advances in areas like technology, digitization, and the rise of startups there are a lot of startups entering the Indian startup scene. The Agri-related startups in India offer the latest information, strategies, and efficiencies to farmers.
Let’s look at a few of the top agriculture solutions companies in India
1. SFarmsIndia
2. KhetiGaadi
3. Farm2Fam
4. Crofarm
5. Bombay Hemp Company
6. Aarav Unmanned Systems
7. Aibono
8. AgricxLab
9. Cropin
10. Fasal
11. Gold Farm
12. Ninjacart
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1. SFarmsIndia
The company was founded in the year 2018
Headquarters – Hyderabad
Founding Partners founders Kamesh Mupparaju Linus Lindgren
Total amount of funds received – $50k
SFarmsIndia Website
The company was founded by Kamesh Mupparaju and Linus Lindgren in the year 2018, SFarmsIndia is an online application on the web with two main functions: listing and trading fractions.
The two functions are in sync to create a synergy. On the platform for listing, buyers can search for agricultural land, while sellers advertise their agricultural land to lease or sell.
However, SFarmsIndia’s principal USP is that it enters into arrangements with its seller (Agri-realty Developer) in order to grant fractions under a digital land contract against their land.
Every agricultural land is allocated using a digital contract. It is divided into 2000 parts per acre, which allows small to moderate-income groups to buy land effortlessly. After acquiring the fraction you can offer it for sale directly via this trading platform.
Technology is at the heart of the business operations of SFarmsIndia. Utilizing technology, they plan to build an efficient and efficient platform for Agri-land that will cut out the middlemen that inflate prices. Growth Timeline of SFarms India
2. KhetiGaadi
Founding Partners – Pravin Shinde as well as Vishnu
The company was founded in the year 2018
Headquarters – Pune
Total Funding received – – Bootstrapped
Khetigaadi.com Website
Created in the year 2000 by Pravin Shinde, Pravin Vishnu Dhas, Khetigaadi.com is the first online platform that allows users to purchase rent, sell and compare agricultural machinery and tractors just by clicking. It has been created to promote farm mechanization and the use of modern technology and high-tech equipment for agriculture, allowing farmers to maximize yields in less time.
Based on the latest technology of technological angular, the agricultural tech KhetiGaadi website is as secure as any other banking website. To make the platform more user-friendly for farmers, KhetiGaadi has made it available as an application in 10 languages . Additionally, its website can be viewed in three different languages: English, Hindi and Marathi. It has a connection with more than 50 lakh farmers.
The idea is technologically advanced and works with iOS and Android. They hit the milestone of 5 Lac downloads as of 2020, and 8 lac downloads in 2022.
Khetigaadi’s GMV for 2021 was 500 crores INR. In 2022, the agricultural tech startup is trying to raise capital and is expected to double its GMV up to INR 1500 crore or INR 2500 crore in 2023.Growth Timeline of KhetiGaadi.
3. Farm2Fam
Founder – Keya Salot
The company was founded in 2019
Headquarters – Mumbai
Total Funding Received NA
Farm2Fam Website
Farm2Fam is an Mumbai company based in Mumbai that produces microgreens that are free of chemical pesticides, herbicides, and other chemicals, and then delivers them directly to the doorstep of the customer.
Farm2Fam’s goal is to increase awareness of the ability that the human body has to treat itself using natural food. The goal is to utilize technology, in conjunction with traditional Indian agriculture practices to produce specific nutritional products.
Farm2Fam was established in January of 2019 with the help of Keya Salot. She is a lawyer and has worked for reputable law firms prior to launching Farm2Fam. The microgreen-based startup is set to collaborate with marquee brands such as Pizza Express, Bay Route, and White Charcoal. It hopes to make its presence felt within every household and has an aim of 300+ customers every month. Growth Timeline of Farm to Farm
4. Crofarm
Founder of the organization – Varun Khurana Prashant Jain
Established in -2016
Headquarters – Delhi
Total Funding Received $3.8 Million
Crofarm Website
Crofarm is an agriculture startup that was created by Prashant Jainand Varun Khurana in May of 2016 and was An F2B i.e. farm to Business venture. The platform is home to more than 10,000 farmers in its network. Additionally, it has collaborated with Reliance Retail, Big Basket, Grofers, Big Bazar, Jubilant Foodworks, and Metro Foods.
Crofarm earns money through commissions. Beginning from five percent of the price for fewer perishables like potatoes and onions, it’s about 15% on the cost of green vegetables and 20-25% in the case of exotics and fruits.
They purchase products with more shelf lives in national supply zones, as well as other items from regions with areas of sourcing. Crofarm is regarded as one of the most prominent agritech startups in India.
The company also has secured $1.5 million of seed funds from investors such as Mukul Singhal as well as Rohit Jain, who used to be Principals in SAIF Partners and recently raised $1 million from Smile Group for pre-series A round. It also entered B2B2C with the introduction of Otipy in 2020.Growth Timeline of Crofarm. This is one of the best agriculture solutions in India.
5. Bombay Hemp Company
Founder – Avnish Pandya, Chirag Tekchandaney, Delzaad Deolaliwala, Jahan Peston Jamas, Sanvar Oberoi, Sumit Shah, Yash P. Kotak
The company was founded in 2013
Headquarters – Mumbai
Total Funding Received $5.9 million
Bombay Hemp Company Website
BOHECO is the acronym for Bombay Hemp Company – is a social enterprise in Mumbai that was established in 2013 to study and market industrial hemp. The company’s activities include cultivation, research harvesting, processing manufacturing trading, wholesale selling, developing new products, and creating a market for and advertising Indian industrial hemp both throughout the nation and across the globe.
Bombay Hemp Company uses public-private partnerships, contractual farming, processing subsidiaries, as well as collaborative research models to the goal of creating an industrial hemp-based ecosystem.
Boheco is an agricultural-focused start-up that is changing how we think about the future of sustainable living and farming by using hemp as its lens in India. The company harnesses the potential of agriculture by promoting industrial Hemp and the benefits it brings to society.
They provide help to local farmers growing their crop by offering the best seeds, the most effective cultivation techniques, and also innovating Agro-products.Growth Timeline of Bombay Hemp Company
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6. Aarav Unmanned Systems
Founder – Nikhil Upadhye, Suhas Banshiwala, Vipul Singh, Yeshwanth Reddy
Established in 2013
Headquarters – Bengaluru
Total Funding Received $748.5K
Aarav Unmanned Systems Website
Aarav Unmanned Systems is a drone-based startup that produces drones that are unmanned. It was developed by IIT Kanpur with a team consisting of developers, designers, engineers, and artists who hail from IIT Kanpur, IIT Bombay, IISC Bangalore & IIST.
They are aiming to create their drones’ future as well as their applications for the enterprise. The drones of the company provide the highest-quality engineering solutions for companies that span geographic information system mapping/surveying industrial inspection, in the field of precision agriculture. Thus, it could be a great way to make precision agriculture more scalable across the country that is lagging from being ahead in the use of this kind of technology.
They offer accurate 3D representations of the surface of the land and they are able to transform and alter the way in which decisions are made in the field of agriculture by using their strategies to improve the use of fertilizers, irrigation distribution, pesticides, and early warnings of failure. The Agritech Startup’s latest funding was raised in the year of 2018 in a pre-series round of GrowX Ventures, 500 Startups, and Bellwether Advisors. Growth Timeline of Aarav Unmanned Systems
7. Aibono
Founder – Vivek Rajkumar
The company was founded in 2014
Headquarters – Bangalore
Total Funding Received $5.5 million
Aibono Website
Aibono was founded in the year 2000 by IIT Madras graduate Vivekas Airwood Aerostructures and rebranded as Aibono It is a firm that provides agricultural-related technology, knowledge, and tools to farmers.
The company provides advice to farmers on the appropriate amount of inputs to utilize to get the best yield. They began in the niche area of providing Farm Management-as-a-Service whereby, a farmer gets to outsource his entire measurement, production management, and decision-making processes to a Service.
The company’s agritech has assisted in growing yields by more than 50 percent for around 140 farmers. It is based in the Nilgiri hills of Tamil Nadu. Specific day-to-day intervention for farmers is offered through centrally controlled Data Science and Recommendation Engines powered by Agronomists and data scientists, which result in a 30 to 50 percent increase in yield. This is one of the best agriculture solutions in India.
Aibono recently secured $2 million of fresh money via Rebright Partners and Mitsui Sumitomo Insurance Venture Capital bringing its total investment to $5 million. Growth Timeline of Aibono
8. AgricxLab
Founder – Ritesh Dhoot, Saurabh Kumar
Established in 2010.
Headquarters – Thane
Total Funding Received: $775k
AgricxLab is a Thane-based web-based B2B platform created by Ritesh Dhoot and Saurabh Kumar to connect cold storage owners with bulk buyers of agri-products. The platform uses smartphone imagery to determine the quality of produce from their mobile app that makes use of AI and Computer Vision to take pictures to give a precise, objective, and speedier assessment of the quality of agri-produce.
Agricx provides warehouses with solutions as well as enterprise clients who strategies to expand into the supply chain for food production. The company has raised a total of $500K in funding from a variety of investors, including Ankur Capital. Growth Timeline of AgricxLab
9. Cropin
Founder – Krishna Kumar
The company was founded in 2010.
Headquarters – Bengaluru
Total Financing Received The total amount received was $32.6 million
Cropin Website
Cropin is an agricultural technology start-up that integrates the agriculture sector together with Information and Communication Technology through the creation of the ERP system in a network with Business Intelligence i.e. Business Intelligence across the rural areas of India.
It is a Full-Stack Agritech company that provides innovative software-as-a-service solutions to businesses in agritech across the globe. Cropin cooperates with all the value chain players in the supply chain, to track the condition of the farm’s produce.
They offer farm businesses with a farm management program and an application for mobile phones which allows farmers to be integrated and data-driven in agriculture.
It allows farms to benefit from immediate data and insight from farms by means of a clear view of their operations throughout the growing season, and also to improve operational, financial, and agricultural aspects.
Cropin employs cutting-edge technologies, Big Data analytics, Artificial Intelligence Geo-tagging, Satellite monitoring, and Geo-tagging to completely transform the ecosystem of agriculture. Cropin is an agriculture startup that has been able to raise $32.7 million in investmentto the present, including the recent Series C round coming in 2021 of $20 million in funding from ABC World Asia.Growth Timeline of Cropin
10. Fasal
Founder – Shailendra Tiwari and Ananda Verma
The company was founded in the year 2018
Headquarters – Bangalore
Total Funding Received $9.9 million
Fasal Website
FASAL is Bengaluru’s agritech platform created by Ananda Verma and Shailendra Tiwari in the year 2018. The platform is created in partnership with Wolkus Technology Solutions. It’s an AI-powered platform designed to support the agriculture ecosystem.
It captures a variety of conditions for growing on the farm. It then employs AI and Data Science to create farm-based forecasts and then provides the information to any device like Android, iOS, tablets and even the internet.
FASAL is known to have saved more than 3 billion Liters of fresh water in the past. This startup in agritech is on track through the year’s end with a total of 1000 farms and 20 thousand of acres in its control. The company is also hoping to achieve an income run rate in the range of one million dollars. Growth Timeline of Fasal
11. Gold Farm
| Agriculture Startup | Gold Farm |
|---|---|
| Established In | 2012 |
| Headquarters | Bangalore |
| The Founders | Abhilash Thirupathy |
| Investors | Mahindra Rise, Infuse Ventures, Intellecap |
The founder of the company – Abhilash Thirupathy
The company was founded in 2012
Headquarters – Bangalore
Total Funding Received $2.5 million
Gold Farm is a Bangalore-based Agritech company that was founded in the year 2012 that is built on a mobile application that provides farm equipment for agriculture by booking farm agents. The company was started in 2012 by Abhilash Thirupathy.
They supply solar water pumps for farmers working in power-shortfall areas in the United States. Gold Farm provides an opportunity for farmers to hire farm equipment using the call service and mobile applications.
Presently, Gold Farm runs over 250 booking agents as well as 500 owners of tractor who are connected via their mobile application. They are aiming to improve the sustainability and growth of farmers through the creation of productive ecosystems using the use of technology and innovation. The startup has raised funds that are $ 3 million.Growth Timeline of Gold Farm
12. Ninjacart
Founder – Ashutosh Vikram, Kartheeswaran K K, Sharath Loganathan, Thiru Nagarajan, Thirukumaran Nagarajan, Vasu Devan
The company was founded in 2015
Headquarters – Bangalore
Total Funding Received $367.1 million
Ninjacart Website
Ninjacart is among the top Bangalore-based agriculture supply chain firms in India. It was established in 2015 by Thirukumaran Nagarajanin the year 2015. It now moves over 60 tonnes of food each day from the farm to the store in just 14 hours. This is at a lower cost than the traditional supply chain.
Ninjacart assists more than 2,000 farmers offer more than eighty varieties of vegetables and fruits each day to more than 800 stores and eateries in Bengaluru. They claim to have eliminated 4 percent of their resources in all supply chains. This is one of the best agriculture solutions in India.
In the year 2021 Ninjacart received a total investment of approximately $194.2 Million, of the latter, Flipkart, as well as Walmart, recently made an investment of $30 million in the Agritech-based startup for the supply chain. Presently, Ninjacart is equipped to transport 1400 tons of perishables from farms to companies every day, within less than 12 hours.