Top 10 AgriTech Startups In India 2020

In a world where startups are focused on facilitating our day to day needs by providing us various services and products, there are some startups who are working with the people responsible for the provision of our food.

Yes, you got it right!! We are talking about farmers, the lifeline of our society.

With the help of technology, these startups are helping the farmers to achieve much better outputs with their crops.

Next question that comes in our mind: “Is there any term related to it?”

Yes, Indeed. The term is called AgriTech.

Agritech, as the term describes, is the use of technological advancement in agriculture to increase the efficiency and yield of crops.

The startups who work with the food growers, processors, retailers, and stakeholders in the production supply chain are known as AgriTech Startups.

What is the need for AgriTech?

With an ever-increasing global population expected to reach 9.7 billion by the year 2050, a new tech branch termed AgriTech has come up to fulfill the increasing food demands of the population.

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Following Are The Top 10 Listed AgriTech Startups in India:-

1. BOHECO

Founded: 2013

Founders of BOHECO: Avnish Pandya, Chirag Tekchandaney, Delzaad Deolaliwala, Jahan Peston Jamas, Sumit Shah, and Yash P. Kotak.

Bombay Hemp Company is better known as BOHECO is India’s first industrial hemp research startup consisting of three verticals: influencing policy, research, and commercializing hemp. The company grows hemp and studies its medicinal properties for the treatment of various diseases.

Fundings And Future Goals

  • BOHECO has raised a total funding amount of ₹92.5M till date with the last funding type being “Venture” funding. Ratan Tata and Rajan Anand, Google India managing director are one of the major investors of the company.
  • BOHECO’s mission is to educate people regarding the wonders of hemp and expel any of the myths surrounding it.

Workforce

With a small workforce of around 30 individuals, BOHECO is India’s first medicinal hemp research company that has gained massive investors over the years due to its great idea and initiative.

BOHECO - AgriTech Startups In India

2. NinjaCart

Founded: 2015

Founders Of NinjaCart: Thirukumaran Nagarajan, Kartheeswaran KK, Sharath Babu Loganathan, Ashutosh Vikram, and Vasudevan Chinnathambi.

NinjaCart is an Agri-marketing platform that helps farmers to sell their produce directly to retailers and restaurants. This helps both farmers and the consumers directly as the farmers can get better prices for their crops and there is a constant supply for the consumers as well.

Fundings And Future Goals

  • NinjaCart has raised a total funding amount of $164.2M till date with the last funding type being “Corporate Round”.
  • NinjaCart’s goal is to make a strong local farmer network and expand its operations.

Workforce

With the number of employees around 1900, NinjaCart is an initiative that helps maintain transparency among farmers and consumers which in turn benefits both of them in the long run.

NinjaCart - AgriTech Startups In India
Thirukumaran Nagarajan, Co-founder and CEO Ninjacart | Image Source: TechCircle

3. Crofarm

Founded: May 14, 2016

Founders Of Crofarm: Varun Khurana and Prashant Jain.

Crofarm is a supply chain solution that supports farmers and provides businesses and consumers in the best way possible. Crofarm acquires fresh fruits and vegetables from farmers and delivers it to both offline and online retailers.

Fundings And Future Goals

  • Crofarm has raised a total funding amount of $2.8M till date with the last funding type being the “early-stage venture”.
  • Crofarm’s goal is to offer a wide range of vegetables in the future.

Workforce

With a small workforce of around 40 employees, Crofarm is one of the best platforms that support both farmers and retailers in the healthiest possible way.

Crofarm - AgriTech Startups In India
Image Source: YourStory

4. WayCool

Founded: Jul 2015

Founders Of WayCool: Karthik Jayaraman and Sanjay Dasari

Waycool is an AgriTech Startup that has operations spread across product sourcing, processing, branding, marketing, last-mile distribution, and farm inputs. It also processes, distributes, and acquires fresh produce, dairy products, and staples.

Fundings And Future Goals

  • WayCool has raised a total funding amount of $66.3M till date with the last funding type being “debt financing”.
  • WayCool’s goal is to build the world’s largest food development and distribution service company positively influencing 500,000 farmers.

Workforce

With a small workforce of 250 employees, WayCool is constantly helping the farmers to increase their incomes along with quality management of food.

WayCool - AgriTech Startups In India
Image Source: Inc42

5. Gold Farm

Founded: Dec 1, 2012

Founders Of Gold Farm: Karthic Ravindranath and Abhilash Thirupathy.

Gold Farm is an AgriTech Startup that provides a mobile app-based farm-equipment booking system to farmers in India. Moreover, the startup also provides solar water pumps to the farmers working in different parts of India.

Fundings And Future Goals

  • Gold Farm has raised a total funding amount of $3M till date with the last funding type being “seed” funding.
  • Gold Farm’s goal is to double the farm income for a million farmers in India by 2022.

Workforce

With a workforce of around 100+ employees, Gold Farm focuses on the growth and sustainability of farmers with the help of efficient ecosystems made with the help of technology which makes it stand out in this list of top AgriTech Startups in India.

GoldFarm - AgriTech Startups In India
Source: YourStory

6. Agricx

Founded: Oct 5, 2016

Founder Of Agricx: Saurabh Kumar

Agricx is a new standard for food inspection. It is the world’s first startup that uses AI-enabled SaaS stack for the companies in the business of producing, trading, ​storing, transporting, processing, or financing of Agri produce.

Fundings And Future Goals

  • Agricx has raised a total funding amount of $500K till date with the last funding type being “seed” funding.
  • Aricx’s goal is to increase the usage of new-age technologies to weed out the inefficiencies in the agriculture ecosystem.

Workforce

With a small workforce of around 20 employees, Agricx introduced the technology of AI in food inspection which made the inspection and procure of food much efficient. Thus, it finds itself in the top 10 list.

Agricx- AgriTech Startups In India

7. Agrowave

Founded Date: Mar 17, 2017

Founder Of Agrowave: Anu Meena

Agrowave is a supply chain startup that has transformed farmer lives with the help of an integrated network of MPS(s) (mobile pickup stations) at farm-gates. It is a mobile e-vendor of fruits and vegetables that serves medium and small-sized businesses by connecting them directly to the farmers.

Fundings And Future Goals

  • Agrowave has raised an undisclosed amount of “angel” funding from Daffodil to strengthen technology.
  • Agrowave’s goal is to build a sustainable supply chain of fruits and vegetables.

Workforce

With a small workforce of around 10 employees, Agrowave is constantly helping the businesses and farmers by providing a proper supply chain solution. Thus, it is no doubt that Agrowave is one of the top 10 AgriTech Startups in India with a brilliant idea and initiative.

Agrowave - AgriTech Startups In India

8. Fasal

Founded: Jan 11, 2018

Founder Of Fasal: Ananda Verma

Fasal is an app that helps the farmers to plan, monitor, and analyze all the activities on their farm. Moreover, its IoT device, Fasal sense, delivers AI-based predictions regarding pests and insects with actionable recommendations.

Fundings And Future Goals

  • Fasal has raised a total funding amount of $1.8M till date with the last funding type being “seed” funding.
  • Fasal’s aim is to cover more and more crops in the near future such as tea estates and coffee plantations.

Workforce

With a small workforce of around 10 individuals, Fasal finds its way to the top 10 AgriTech Startups in India list due to its whole concept and idea that reduces wastage of food and decrements the loss of the farmers.

Fasal - AgriTech Startups In India

9. Aibono

Founded: 2014

Founder Of Aibono: Vivek Rajkumar

Aibono, Social Enterprise award winner 2017, is India’s first AI-powered food data collector. It uses real-time intelligence that helps to increase the yield by 2x by monitoring different sorts of farm variables.

Additionally, its prediction system also helps the farmers to control the planting materials and just in time harvest in order to meet the demand and supply requirements, thereby increasing the income for the farmers.

Fundings And Future Goals Of Aibono

  • Aibono has raised a total funding amount of $3.5M till date with the last funding type being “seed” funding.
  • Aibono’s goal is to address the problems and inefficiencies of more and more farms in India with the help of technological inputs.

Airbono’s Workforce

With a small workforce of around 50-100 employees, Aibono’s idea to maximize the farm efficiency with the help of Artificial intelligence and data science makes it reach out to the list.

AIBONO -Top 10 AgriTech Startups In India

10. EM3 Agri Services

Founded: 2013

Founders of EM3 Agri Services: Adwitiya Mal and Rohtash Mal.

EM3 Agri Services, founded by a father-son duo, provides rental use of farm services for every step of the cultivation process.

These services include land preparation, sowing/transplanting, crop management, harvesting, and post-harvest farm management. Moreover, EM3 also allows farmers to keep track of the land.

Fundings And Future Plans Of EM3 Agri Services

  • EM3 Agri Services has raised a total funding amount of $13.3M till date with the last funding type being “Series B” funding.
  • EM3 Agri Services has a goal to become a full marketplace for small farmers to access any kind of required inputs and services.

Workforce

With a workforce of around 130 employees, EM3 Agri Services provides rental services that come in handy for small farmers and therefore, empower them. All the above facts make it reach out to the top 10 AgriTech Startups in India list.

EM3 -Top 10 AgriTech Startups In India

Parting Thoughts

With an average of more than 10,000+ farmer suicides per year in India, these AgriTech startups are working at their best level in order to reduce the suicide rate.

By reducing the debts on farmers and offering them various services along with 100% transparency, these startups are trying to un-burden those over-exploited farmers.

Thus, it is no doubt that the condition of the poor farmers will be improved soon and their lives will become much happier than ever.

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