AgNext Technologies, a leading agritech start-up, has opened its first international office in the Middle East, as a part of its global expansion strategy. Located in Abu Dhabi, the office will serve as the company’s international headquarters to facilitate overseas operations in MENA markets.
With the aim to bring deep-tech enabled solutions for improved, quality-driven food trade, the company will be forging a high-impact leadership team that will be based in Abu Dhabi.
Speaking about the expansion, Taranjeet Singh Bhamra, Founder & CEO, AgNext Technologies said, “After establishing market leadership in India, we are excited to enter the UAE, which is a recognized world leader in food trade and agriculture 4.0. AgNext is uniquely positioned to provide pioneering technologies that can be instrumental in fostering a digitized ecosystem for quality-based food trade in the MENA region.”
“By connecting buyers and sellers on the axis of quality through AgNext Global Network (AGN), we can deliver superior market linkages, end-to-end traceability and export fulfillment. This ultimately culminates into an improved food trade experience with better price realization for our customers. The country’s food trade potential is immense and it offers us fertile grounds to facilitate our global expansion plans for MENA and other markets,” he added.
It is estimated that lack of quality assessment solutions lead to approximately $90 billion in losses globally in agricultural trade. AgNext has innovated deep-tech enabled solutions that address this issue and provides blockchain-enabled traceability across the supply chain.
The company has the largest commodity portfolio across grains, oilseeds and pulses, spices, animal feed and beverages segment, with comprehensive physical and chemical analysis solutions.
AgNext has collected over 3 million+ food samples to build unique and massive datasets across diverse food categories.
By opening their first international office in Abu Dhabi, AgNext will work to deepen their reach into the MENA markets by diversifying its commodities portfolio and accelerating innovation to drive quality-based food trade.
