5 Startups driving the Agricultural revolution 4.0
With numerous businesses utilizing technologies like data analytics, machine learning, and satellite imaging, among others, to assist farmers in maximizing their yield, the agritech sector in India has grown to be a thriving one. A few of the problems afflicting India’s agriculture industry include the use of out-of-date equipment, inadequate infrastructure, and farmers’ difficulty in easily accessing a wider range of markets. In order to improve and better meet the requirements of customers and restructure the value chain, agriculture 4.0, the next agricultural revolution, will need to consider both the supply and demand sides of the food-scarcity equation.
As a result of advancements in technology and digitization, numerous startups are disrupting and revolutionizing the Indian agriculture ecosystem. Let’s take a peek at a few start-ups fueling the agricultural revolution.
AgNext – Established in 2016 by Mr. Taranjeet Singh Bhamra, CEO & Founder, AgNext aims to facilitate trust and transparency in food value chains. By using deep-tech solutions in the agriculture sector to solve persisting legacy issues, AgNext aims to facilitate trust and transparency in food value chains. Working in Deep technology, AgNext under Taranjeet’s leadership has pioneered computer vision, spectral and IoT-based AI technologies, which today are employed at multiple transaction points enabling transparent and profitable trade in agriculture and food value chains.
Aquaconnect – Founded by Mr. Rajamanohar Somasundaram, Aquaconnect is a technology-driven full-stack aquaculture input and outputs platform with embedded fintech, supported by a phygital distribution network. Aquaconnect provides data-driven farm advisory and marketplace solutions to fish and shrimp farmers through artificial intelligence and satellite remote sensing technologies. Its eyes-in-the-sky and boots-on-the-ground model enables farmers to access formal credit.
Unnati – Unnati, conceptualized and co-founded by Mr. Amit Sinha & Mr. Ashok Prasad, is a fintech-based Agri platform that aims to minimize the risks in farming and ensure much-needed transparency in the farming business. Unnati’s founders recognised the difficulties farmers experience as a result of farming’s lack of predictability and regular access to production inputs and information. Digital technology has the potential to play a key role and deliver immediate answers in this situation.
Their objective to connect farmers to a single digital platform that supports farm entrepreneurship has been their driving force, resulting in the development of a complete ecosystem for farm entrepreneurs. From Unnati financial services to crop-specific consultancy, the brand works with farmers at every stage of the farming life cycle to ensure a sustainable future.
Agribazaar – Founded in 2016, the idea behind AgriBazaar is to deliver tech-enabled future-ready solutions to the farming community in a frictionless manner and revolutionize the way post-harvest management services are processed across the country. It is this vision that empowered AgriBazaar to facilitate INR 9000 crore (GMV) worth of transactions since its inception, making it one of India’s largest online agri-trading marketplace.
Dehaat – Founded in 2012, DeHaat offers agricultural services like access to agricultural inputs like seeds and fertilizers at affordable prices, personalized assistance, soil testing, weather reports, micro-finance, and insurance. DeHaat has raised $19.3 million to help Indian farmers.