Agriculture has been shaped significantly by technological advancements over time. Agriculture is India's primary source of income, with 118.7 million farmers accounting for more than half of the country's population. In the agricultural sector, technological advancements have resulted in increased productivity and higher yields for long-term income.
According to an EY report, India's Agritech market has the potential to reach $24 billion by 2025. Drones, scientific data, and artificial intelligence in sowing and harvesting are just some of the new technologies that are helping to solve local supply chain problems.
Below is a list of new-age Agritech startups that have accelerated the technological revolution in the Indian agricultural landscape.
AgriBazaar:
India's largest agri-tech marketplace is focusing all of its efforts on providing farmers with the most up-to-date tools at affordable prices. The digital platform aims to provide farmers with adequate information on the quality and best practices of the products they buy, as well as access to agricultural inputs such as fertilizers, seeds, planting materials, and equipment.
AgriBazaar provides useful information on incorporating organic inputs into sustainable farming practices. They've also developed cutting-edge technologies to provide farmers with real-time crop advice by leveraging Big Data, analyzing historical weather data, and sharing real-time farming advice. They also have their own virtual payment solution platform, agriPay, to give farmers and buyers more security and convenience when transacting on the platform.
Unnati:
Unnati is assisting farmers in becoming entrepreneurs by establishing a farming business. Unnati has revolutionized farming by assisting farmers in obtaining high-quality branded inputs at low prices and obtaining credit at a much lower rate or without any collateral. Through its network of 40k uStores, the startup has positively impacted the lives of over 800k+ farmers. Unnati empowers farmers through Farmer Producer Organizations (FPOs) by providing them with tech-driven business solutions that improve their economic strength and marketing connections, allowing them to increase their income.
Unnati is empowering FPOs to use their collective bargaining power to gain access to financial and non-financial inputs, services, and technologies, lower transaction costs, and tap high-value markets. With its sophisticated technology, Unnati's predictive farming model is shaping the future of farming. The model aids farmers in making precise decisions using over 200 parameters derived from satellite data, transaction history, farmer patterns, soil data, and weather data, among other sources.
AgroStar:
AgroStar, founded in 2013 by brothers Shardul and Sitanshu Sheth, is an online marketplace for farmers to purchase agricultural inputs. This Agritech startup also assists farmers by providing expert advice in real-time on how to manage their crops and increase yield.
Agdhi:
Agdhi, a Bengaluru-based Agritech startup, has introduced vision-enabled AI-based agriculture technology. It has introduced Machine Learning and computer vision techniques to detect flaws in seeds and crops, allowing farmers to obtain high-quality seeds and crops. The results appear instantly. The goal is to disrupt seed testing, seed sampling, and crop yield with technology, which is urgently needed. The company is using digital technology and developing alternative solutions to make agriculture more sustainable.
CropIn:
CropIn is a self-evolving, intuitive system that provides future-ready farming solutions to the entire agricultural industry. The brand provides agri-businesses with decision-making tools that ensure consistency, dependability, and sustainability. Farm management companies can make planned and responsive business decisions using real-time actionable insights. Businesses benefit from higher productivity as a result of the predictability of yield quantity and quality, as well as lower operating costs.
