5 Agritech Startups That are Empowering Farmers with their Unique Services | Agritech | startuppedia

Startup Pedia

9 Mar 202205:38

Summary

TLDRThe script discusses the booming agricultural startup scene in India, highlighting the growth of 450 agritech startups and their 25% CAGR. It features five unique agritech firms: Agrostar, providing real-time expertise and weather forecasts; FormX Agri, an e-commerce platform for agri-products; Fasal, a machine that monitors crop health; Bijak, a platform for farmers to find business news and suppliers; and Villgro Agro, an online marketplace for farmers to sell fresh produce. These startups are revolutionizing the sector with technology and government support.

Takeaways

🚀 According to a NASSCOM report, there are 450 agritech startups in India with a 25% growth rate.
💼 Agritech startups are addressing major issues in the agriculture sector, such as solutions for farming, information access, and transportation services.
👨‍🌾 The government is actively supporting and motivating agritech startups through initiatives like NITI Aayog's efforts in helping farmers.
🌱 AgroStar, founded in 2013, is a leading agritech startup providing real-time farming expertise and services to over 5 lakh partners.
🚜 Farmkart, started in 2017, offers an affordable platform for purchasing agricultural products like fertilizers and renting farming equipment.
💡 Fasal, founded in 2018, uses AI and sensors to provide farmers with real-time data on weather, water conditions, and crop health.
🏢 Bijak, launched in 2019, is a B2B marketplace that helps traders and farmers with supply chain management and business operations.
🍏 Village Agro, an online platform, enables farmers to sell organic produce, poultry, and dairy products directly to merchants and customers.
🔬 Agritech startups are integrating technology to tackle challenges like reducing waste and improving supply chain efficiency.
🌍 These agritech startups are making significant progress in extending their services to major cities and beyond, helping revolutionize the Indian agriculture sector.

Q & A

How many agritech startups are mentioned in the Naiscom report?
-The Naiscom report mentions 450 agritech startups.
What is the growth rate of the agritech startups according to the report?
-The growth rate is 25 percent per year.
What are the five most unique agritech startups mentioned in the script?
-The five most unique agritech startups mentioned are Agrostar, FormX, Fassal, Vidhayak, and Village Agro.
What services does Agrostar provide?
-Agrostar provides services like real-time expertise on crop management and productivity, weather forecasts, and helps farmers with offline operations in Gujarat, Maharashtra, Madhya Pradesh, and Uttar Pradesh.
What is unique about FormX's platform?
-FormX's platform allows farmers to purchase contemporary agricultural products like fertilizers, pesticides, and seeds at affordable rates and delivers them within 24 to 36 hours.
How does Fassal assist farmers?
-Fassal assists farmers by providing a simple machine that can be installed in their farms to monitor and inform about water condition, weather forecasts, and other related information.
What is the main service offered by Vidhayak?
-Vidhayak offers services in finding business news suppliers, tenders, and payment processing.
What kind of platform does Village Agro provide?
-Village Agro provides an online platform where farmers can sell fresh and organic fruits, vegetables, poultry, and dairy products to merchants and customers.
What is the main focus of the AI group behind Village Agro?
-The main focus of the AI group behind Village Agro is to reduce wastage and make the supply chain beneficial through smart inventory management.
How many farmers and retailers have adopted the platform provided by Village Agro?
-Over 3000 farmers and more than 6000 retailers have adopted Village Agro's platform.
What are the future plans for Village Agro?
-Village Agro plans to extend its operations to Bangalore, Delhi, Mumbai, and Pune.

Outlines

00:00

🌱 The Growth of Agritech Startups in India

According to a NASSCOM report, India has over 450 agritech startups, with a growth rate of 25%. These startups are addressing various issues in agriculture, such as agricultural solutions, information services, and transportation services. Government initiatives, such as NITI Aayog’s efforts, also play a key role in promoting and supporting these startups. The paragraph introduces five of the most unique agritech startups in India, each contributing to revolutionizing the agriculture sector.

05:00

🚜 AgroStar: Leading Agritech with Farmer Solutions

AgroStar, launched in 2013, is one of India's leading agritech startups, working with over 500,000 partners. Founded by Shardul and Shitanshu, it aims to provide real-time expertise to improve farm management and productivity. AgroStar offers its services in 11 languages, providing seven-day weather forecasts and other essential agricultural information. With a funding of $2 million, it operates offline in Gujarat, Maharashtra, Rajasthan, Madhya Pradesh, and Uttar Pradesh, with plans to offer doorstep delivery, a helpline app, and connections to loan lenders.

🚜 FarmKart: Affordable Agri-products and Rental Services

FarmKart, founded by Atul Patidar in 2017, provides a platform for farmers to buy contemporary agricultural products like fertilizers, pesticides, and seeds at affordable rates. Additionally, farmers can rent equipment such as cultivators through their Rent from Service. Products are delivered within 24-36 hours. FarmKart also offers agronomy-related devices, and in 2021, it raised 15 crore INR in funding. It was recognized among the top 50 global innovative startups in 2018, and was praised by PM Modi in the Mann Ki Baat show.

📈 Fasal: Smart Farming through AI

Fasal, started by Ananda Verma and Shailendra Tiwari in 2018, helps farmers by installing a simple machine on their farms. This machine provides updates on water conditions, weather forecasts, and other farm-related issues. Fasal has raised $2 million in funding and uses AI to notify farmers about issues on their farms in multiple languages. Based in Bengaluru, Fasal aims to make farming easier and more efficient for farmers.

🌾 DeHaat: B2B and B2C Platform for Agri-solutions

DeHaat, launched by Nikhil Tripathi and his team in 2019, is a B2B and B2C platform that helps farmers with business needs such as finding suppliers and maintaining ledgers. DeHaat has raised 14.3 million USD and generated significant revenue. It provides a range of services including product quality assurance, making it a trusted platform for over 3,000 farmers and 6,000 retailers. DeHaat is expanding from its operations in Telangana to other major cities such as Bengaluru, Delhi, Mumbai, and Pune.

🛒 Village Agro: Fresh and Organic Produce Marketplace

Village Agro, also known as Vijay Grow Agrotech Pvt. Ltd, is an online platform where farmers can sell fresh organic produce, poultry, and dairy products. Available in multiple languages, the platform helps farmers connect with merchants and customers, while providing technological and managerial assistance. Village Agro’s primary goal is to reduce wastage and improve supply chain efficiency through smart inventory management. With operations mainly in Telangana, it has seen considerable growth and impact since its inception.

💡 Agritech Future in India: A Bright Path Forward

The final paragraph discusses the overall impact of Indian agritech startups and their integration of technology to provide better solutions for farmers. The speaker is optimistic about the future of the agritech sector and hopes for further advancements. Viewers are encouraged to like, share, and subscribe to the channel for more related content, and to leave a comment with suggestions for future videos.

Mindmap

Keywords

💡Agritech Startups

Agritech startups are technology-driven companies focused on solving problems in agriculture through innovative solutions. In the video, it mentions that India has around 450 Agritech startups that are helping farmers improve productivity and resolve issues like transportation, crop management, and access to information. These startups are growing at a rate of 25% per year, contributing to the modernization of the agriculture sector in India.

💡AgroStar

AgroStar is an Agritech startup founded in 2013 that provides services to help farmers improve their productivity. It offers real-time expertise on crop management and weather forecasting, serving over five million partners across India. The platform is available in 11 languages and is expanding its offerings to include doorstep delivery and financial services to support farmers.

💡FarmKart

FarmKart is an Agritech startup founded in 2017 by Atul Patidar. It provides a platform where farmers can purchase agricultural products such as fertilizers, pesticides, and seeds at affordable rates. FarmKart also offers equipment rental services and fast delivery within 24-36 hours. It has gained recognition as one of the top 50 global innovative startups and was praised by Indian Prime Minister Narendra Modi.

💡Fasal

Fasal is an Agritech startup that uses a machine to monitor farm conditions, such as water levels and weather forecasts. The machine provides real-time updates to farmers, helping them manage crops more effectively. Launched in 2018, Fasal integrates artificial intelligence to provide insights and notifications to farmers in multiple languages, contributing to the improvement of farm productivity.

💡Bighaat

Bighaat is a B2B and B2C platform founded in 2019 that helps farmers manage their business by connecting them with buyers for their produce. The startup provides a wide range of services, from sourcing seeds to managing supply chains. It has raised significant funding and generates revenue by helping farmers maintain their business operations through digital tools and resources.

💡Village Agro

Village Agro is an Agritech platform that focuses on selling organic fruits, vegetables, and dairy products directly to merchants and customers. The startup, based in Telangana, supports farmers by providing technological, scientific, and managerial assistance. Village Agro's goal is to reduce waste and optimize supply chains through smart inventory management, benefiting over 3,000 farmers and 6,000 retailers.

💡NITI Aayog

NITI Aayog is the policy think tank of the Indian government, and in the video, it is mentioned as an organization that supports the growth of Agritech startups. By providing guidance and implementing policies that benefit farmers, NITI Aayog helps startups develop advanced solutions that enhance agricultural productivity, streamline supply chains, and address various challenges in the sector.

💡Artificial Intelligence

Artificial intelligence (AI) is a key technology used by several Agritech startups, including Fasal, to provide real-time data and predictive analytics to farmers. AI helps in monitoring farm conditions, forecasting weather, and improving crop management. In the context of the video, AI is mentioned as a tool that simplifies farming and makes it more efficient through data-driven insights.

💡Farm Equipment Rental

Farm equipment rental services, like those offered by FarmKart, allow farmers to rent machinery such as cultivators and harvesters rather than purchasing them. This helps reduce costs for small farmers while providing access to modern farming tools. The video highlights this service as a way to make farming more affordable and accessible, especially in rural areas.

💡Government Support

Government support, as mentioned in the video, plays a crucial role in the growth of Agritech startups in India. The government, through initiatives like those by NITI Aayog, provides funding, policy support, and technological resources to encourage innovation in the agriculture sector. This support helps startups scale and reach more farmers, thereby contributing to the overall development of the sector.

Highlights

India has 450 agritech startups, with a 25% growth rate in hiring.

Agriculture sector in India is both a goldmine and the most unorganized and unstructured sector.

The Indian government is taking several steps to help and motivate agritech startups.

AgroStar is the leading agritech startup in India, providing services since 2013.

AgroStar has partnered with five black partners and is available in Maharashtra.

AgroStar offers real-time expertise on crop management and productivity.

Don't Talk to the Toor million dollars in funding.

FormCart is an equl platform started in 2017 by Atul Patidar.

FormCArt allows farmers to purchase agri products like fertilizers, pesticides, and seeds.

FormCArt delivers all products to the customer's location within 24 to 36 hours.

Fasal allows farmers to install a simple machine in their farm to monitor conditions.

Fasal has raised two million dollars in funding.

Bengaluru-based BestoApp provides a platform for farmers to sell fresh fruits, vegetables, poultry, and dairy products.

Vilage Agro is an online marketplace where farmers can sell directly to merchants and customers.

Vilage Agro's Android version is available in multiple languages including Telugu, Tamil, Hindi, Kannada, and English.

Vilage Agro provides technological, scientific, and managerial help along with delivery services.

AI-based group innovation focuses on reducing wastage and making supply chain management beneficial.

More than 3000 farmers and over 6000 retailers have adopted the platform.

Indian agritech startups have combined technology to achieve the best outcomes.