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Did you know that agritech startups are eyeing a market opportunity of $24B by 2025? These startups have witnessed remarkable growth, with funding reaching $879M in CY22, marking a 7X increase from the $124M secured in CY17. With digital tech rising to the fore, the agritech sector is set for substantial growth. In this infographic, check out what's the latest buzz in India's agritech scene and what will set the tone for the next chapter of its growth! Dharaksha Ecosolutions Bioprime™ altM String Bio Private Limited GreenPod Labs Agrizy StarAgri S4S Technologies Fyllo Cropin Satyukt Analytics Fasal - Grow More, Grow Better™ TRST01 TraceX Technologies Varaha #AgritechStartups #AgritechInvestments #IAN #IANPortfolioCompanies

As we navigate the evolving landscape of Indian agritech, recent insights from the Blume Ventures Agritech Blueprint 2024 highlight both the challenges and immense opportunities within this dynamic sector. With over 6,224 agritech startups emerging in India, the potential for innovation is vast. However, the industry has faced significant hurdles, including a 60% drop in funding in 2023, as reported by AgFunder. In response to these challenges, Momentum has launched Earth Fund - a dedicated initiative designed to empower agri-tech startups to drive meaningful change in agriculture. What is Earth Fund? The Earth Fund is a ₹10 crore fund aimed at supporting innovative agri-tech startups who are changing the way agriculture is happening in India. Why choose Earth Fund? We're fixing your distribution challenges through corporations. Also providing funding support for you to scale your startup. To know more, https://lnkd.in/gJU9Hykc Apply here: https://tally.so/r/w5vQJP #startup #agritech Image credits: Freepik.com

Agritech startup Gocarin Industries Private Limited has successfully raised seed funding in a round led by the KIIT-Technology Business Incubator (TBI) as part of the esteemed BIRAC Leap programme. This investment is a testament to the central government’s commitment to fostering innovative startups and bolstering India’s entrepreneurial ecosystem. The BIRAC Leap programme, initiated by the Biotechnology Industry Research Assistance Council (BIRAC), is designed to propel high-impact, scalable startups forward. It offers crucial financial support, strategic guidance, and mentorship to promising ventures. Dr. Mrutyunjay Suar, CEO of KIIT TBI and Chairman of BCKIC, emphasized the synergy between Gocarin Industries' vision and the BIRAC Leap programme's goals. "We believe in the vision and potential of Gocarin Industries. Their dedication to leveraging technology to address real-world agricultural challenges aligns perfectly with the objectives of the BIRAC Leap programme," he stated. With this new funding, Gocarin Industries plans to scale operations, advance product development, and broaden its market reach. Dr. Ramanuj Panda, Founder and CEO of Gocarin Industries, expressed gratitude for the support from KIIT TBI and BIRAC. “We are honored to receive this support. This funding will be pivotal in driving our mission to revolutionize the agricultural industry by equipping farmers with cutting-edge technology solutions. The validation from such esteemed institutions is a testament to our team’s hard work and dedication,” he said. #GocarinIndustries #AgriTech #SeedFunding #FundingAlert #FundraiserAlert #KIIT #TBI #BIRAC #CentralGovernment #FosteringStartups #Innovation #EntrepreneurialEcosystem #FinancialSupport #StrategicGuidance #Mentorship #TechInnovation #AgricultureIndustry #AgricultureSector #TechSolutions #MarketExpansion #AllBoutCorps

Running an agri-tech startup is as challenging as traditional 🌱agriculture. According to Tracxn India is house for 3,900 agri-tech startups. But how many are doing really great⁉️ High-tech startups struggle with resource demands, farmer adaptation, awareness costs, and regulatory hurdles, all threatening their survival. As a result, investments in Indian agri-tech startups dropped by 45%🔻from the 2021-22 to 2022-23 fiscal years. To tackle these challenges, startups should: 1. Collaborate with established players 🤝 2. Invest in user education 💵 3. Leverage government initiatives 🏦 Among these, collaboration with established firms is particularly beneficial, as they already have market access and experience with government programs. How? 🤔 Momentum has launched a ₹10 crore fund to support agri-tech startups, offering resources like market connections, funding, and mentorship through corporate partnerships. For more information: https://lnkd.in/dj5raMUs | Apply here: https://tally.so/r/w5vQJP #startup #agritech #corporate PS: If you're not an agri-tech startup but still want to contribute, please share this with your network / comment for better reach. Feel free to reach out to me for more details.

We value this collaboration and look forward to catalysing innovation in the Agricultural sector

🌍 Exciting developments in the Indian startup ecosystem! Bosonwhitewater and Trunativ have each secured Rs 10 crore in equity funding from Zerodha-backed Rainmatter by Zerodha. Boson Whitewater is tackling water scarcity by converting excess sewage treatment plant (STP) water into potable water, a crucial solution for cities like Bengaluru. Meanwhile, TruNativ, a D2C brand, is empowering healthier lifestyles with its range of nutritional products available online. Rainmatter, known for its diverse investments across fintech, clean energy, and healthtech, has been actively supporting startups that make a real impact. With a commitment of Rs 1,000 crore, Rainmatter has already deployed Rs 150 crore into promising ventures. Their patient capital approach reflects their belief in the long-term potential of Indian startups to create solutions for India and beyond. 🌱 #StartupIndia #WaterRecycling #NutritionTech #D2C #ImpactInvesting #Sustainability #IndianStartups #CleanTech #HealthTech #Rainmatter #BosonWhitewater #TruNativ

Agritech startup DeHaat saw its consolidated net loss widen by 3.76% to INR 1,133.1 Cr in the financial year 2023-24 (FY24) from INR 1,094.4 Cr a year ago, largely due to a surge in overall expenses👇 However, the Peak XV-backed startup said it managed to trim its operating losses by 42% YoY in FY24 and was on track to achieve breakeven by the last quarter of the ongoing financial year (Q4 FY25). The Gurugram-based startup reported a strong 36% year-on-year growth in its total revenue to INR 2,720 Cr in the financial year ended March 2024 on the back of higher sale of agricultural products.

Event Recap: Opportunities for Agri Startups in RKVY RAFTAAR Agri-Business Incubation Program Webinar Date: July 31, 2024 Time: 5:00 PM Host: Startup Cell SIT Sitamarhi Supported by: Department of Industries Government of Bihar Special Guest: Mr. Ram Kumar, CEO of FIED, IIM Kashipur 🌾 The Startup Cell SIT Sitamarhi successfully hosted a webinar on July 31, 2024, on "Opportunities for Agri Startups in RKVY RAFTAAR Agri Business Incubation Program," supported by the Ministry of Agriculture and Farmers Welfare, Government of India. 💼 Our keynote speaker, Mr. Ram Kumar, CEO of FIED, IIM Kashipur, provided comprehensive insights into the RKVY RAFTAAR program, its objectives, and the various forms of support available for agri startups. His presentation included inspiring success stories and practical tips for aspiring entrepreneurs. 💬 The panel discussion on "Innovations and Opportunities in challenges, and strategies for agri startups. 📣 The interactive Q&A session allowed participants to engage directly with the experts, leading to a lively and informative discussion. 👏 We sincerely thank Mr. Ram Kumar for his invaluable insights and all our speakers for their contributions. Special thanks to all our participants for your active engagement and thoughtful questions. Your participation made the event a success! We look forward to organizing more such events to continue nurturing the entrepreneurial ecosystem. #AgriStartups #RKVYRAFTAAR #Innovation #Entrepreneurship #FIED #IIMKashipur #AgriTech #AgriBusiness #StartupEcosystem #ThankYou

Arya.ag, an Agritech startup has secured Rs 242.36 crore approximately from existing investors. This is the first round of investment for the Noida-based company in 2024. 🌟 Key Highlights: The board Arya.ag has passed a special resolution to issue 53,695 CCPS at an issue price of Rs 45,137 each to raise the aforementioned sum ($29.2 million), its regulatory filing accessed from the RoC shows. The company has received Rs 134.46 crore from earlier investors: Asia Impact and Quona Capital through Quona Blue Earth and Accion Quona. About Arya.ag: Arya.ag is a grain commerce platform that connects agri producers and buyers. It offers ancillary services which includes the warehousing and debt to farmers via third party lenders. Visit the link to read the detailed news piece: https://lnkd.in/gaBYJWV7 #startup #funding #news #startupfunding #latestnews #news #agritech #agri #tech

Good startup .Though Rapid soil test kits gives 100 percent correct soil test values, these helps getting on the spot immediate approximate values finds basis for fertilizer recommendations without much time wasting. Large number of samples can be analysed at source level benefiting large number of farmers within short time