Indian Government May Soon Set Up A Dedicated Cell For Agritech Startups

  • The platform will allow standardised data and new technologies to be accessed by everyone
  • We need to build a database related to all aspects of agriculture, said NRRA CEO Ashok Dalwai
  • India has more than 1,090 agritech startups currently

To promote entrepreneurship at the grassroots level, the Indian government may soon set up a dedicated cell for agriculture startups and small entrepreneurs. Through the platform, the government will ensure different technologies are uploaded and shared with the public. The idea is to encourage more startups in the agritech sector.
“There are numerous areas where startups can help farmers reduce costs and increase income,” said national rainfed area authority (NRRA) CEO Ashok Dalwai while addressing at a FICCI event.

The platform will ensure that standardised and structured data is accessed free of cost. “The biggest problem in getting data is that there is no data standardisation and no structure that can be uniformly interpreted. We need to start looking at building up of database related to all aspects of agriculture and how it can be digitally translated,” he said.

Agritech Startups In India

There are more than 1,090 agritech startups in India. According to Inc42 DataLabs, the total funding in agritech startups in India grew from $46.1 Mn 2017 to $66.6 Mn in 2018. Other than the big startups in the agriculture space including AgNext, Ninjakart, Dehaat, Samunnati, Farmart, many other agritech startups are also catching the attention of investors.

Agritech startup, Fasal, raised seed funding of $1.6 Mn led by Omnivore and Wavemaker Partners in October 2019. The IoT-SaaS platform plans to use the funding to build AI capabilities for each horticulture value chain where the company is focused.

Recently, Netherland development finance company, FMO Entrepreneurial Development Bank, announced that will soon be investing $5.2 Mn (INR 37.31 Cr) in Chennai-based WayCool Foods And Products for Infrastructure development. According to FMO, the company focuses on India’s fragmented food value chains and leverages technology and automation to improve logistics and distribution services, reduce food waste, increase farmer income and improve the quality of the product for the consumer.

In August 2019, Indore-based agritech startup Gramophone raised $3.5 Mn in an equity funding round. Existing investor Info Edge Ventures, along with Raveen Sastry, cofounder, Myntra and Asha Impact participated in the round. The funds were diverted to investment in product, data science and scale up operations across locations.

While the number of agritech startups has increased in the last few years, with farming being a $400 Bn industry in India, the growth of the sector is dependent on better government policies and further investments.

126 thoughts on “Indian Government May Soon Set Up A Dedicated Cell For Agritech Startups”

  1. Hello there, just became aware of your blog through Google, and found that it’s truly informative. I?m going to watch out for brussels. I?ll appreciate if you continue this in future. A lot of people will be benefited from your writing. Cheers!

  2. Cecha talentu jest niemoznosc pisania na zamowienie… Poza tym to Zgadzam sie z Toba w 100 i popieram w/w poglady w soposb preSubiektywny 🙂 E. Zegadlowicz.

  3. Zaraz na poczatku zycia ktos powinien nam powiedziec, ze umieramy. Moze wtedy zylibysmy pelnia zycia, w kazdej minucie kazdego dnia. – Michael Landon

  4. It’s perfect time to make some plans for the future and it’s time to be happy. I have read this post and if I could I desire to suggest you some interesting things or tips. Perhaps you can write next articles referring to this article. I desire to read even more things about it!

  5. azithromycin for strep [url=]where can i buy zithromax medicine [/url] is azithromycin related to penicillin how long do side effects of azithromycin last

  6. doxycycline and sunlight [url=]doxycycline hyclate 100mg [/url] how much doxycycline for acne how long does doxycycline take to work for bronchitis

  7. Jesli bedziesz przykladnie pracowal osiem godzin dziennie, moze ci sie kiedys uda zostac kierownikiem i pracowac dwanascie. R. Frost

  8. dapoxetine stomach pain [url=]priligy 30mg tablets [/url] how much time between dapoxetine and sildenafil dapoxetine how to take for depression

  9. diflucan overdose [url=]diflucan 150 mg daily [/url] how long do diflucan side effects last what is the dosing of diflucan for nail yeast

  10. Pingback: sildenafil online paypal

  11. Pingback: lowest price viagra 100mg

  12. Pingback: sildenafil 100mg price usa

  13. Pingback: sildenafil 20 mg price

  14. Pingback: purchase cialis for daily use

  15. Pingback: buy cialis over the counter canada

  16. Pingback: what is amoxicillin 875 mg used for

  17. Pingback: will amoxicillin treat strep throat

  18. Pingback: what is azithromycin

Leave a Comment

Your email address will not be published. Required fields are marked *

Scroll to Top