Top Funding in Agritech StartupsThe advancements taking place owing to the emerging AgriTech startups have uplifted the global economy

Agriculture, which has always played a big role in the global economy, is undergoing a crisis. The industry has to pay attention to the new demands of the market and be attentive to quality, authenticity, and sustainability. Innovation has been the protagonist of all revolutions in the agriculture sector. Emerging technological trends like augmented reality, mixed reality, and IoT are slowly making agricultural activities more precise, profitable, and sustainable. AgriTech, the merger of agriculture and technology is using modern methods to enhance farming. The AgriTech sector currently has over 10K start-ups that enable technology to solve farming issues. IndustryWired has listed the top funding in AgriTech startups that are revolutionizing farming.

Otipy 

Total Funding Amount: US$32 million 

Investor(s): WestBridge Capital

Otipy is an emerging Indian agritech startup and the social commerce venture of farm-to-fork agri-tech startup Crofarm. The platform aims to connect farmers directly to their customers through online channels and vice versa. The goal of the platform is to provide fresh produce directly from the farm, using something called demand harvesting. By using AI-based demand prediction tools, the platform collects historical data to predict the demand for products.

Arya.ag

Total Funding Amount: US$60 million 

Investor(s): Asia Impact SA 

Arya is India’s leading Agritech which has been working at the farmgate to strengthen agriculture value chains through its integrated range of services. Driving technology through a human-centered approach, Arya’s Agritech and Fintech platform leverages technology to bridge the Last Mile. Through its profitable business model with over 5.0 million tonnes of storage capacity across 5,500 warehouses in 21 Indian states, Arya helps farmers, aggregators, Farmer Producer Organizations, food processors and end-user corporates avoid post-harvest losses.

AgroStar

Total Funding Amount: US$70 million 

Investor(s): Evolvence, Schroders Capital, Hero Enterprise, and UK's development finance institution CDC 

AgroStar is India’s foremost AgTech start-up with a mission of #HelpingFarmersWin. Shardul and Sitanshu (founders), started AgroStar with a vision to solve two of the biggest problems in Indian agriculture - Lack of guidance for scientific/sustainable farming and limited access to great quality farm inputs. Today, AgroStar serves millions of farmers across five Indian states via an omnichannel approach. 

Our Food

Total Funding Amount: US$6 million 

Investor(s): 3Lines Venture Capital and C4D Asia Fund

Our Food is a technology-driven Farmer Franchising Platform that adds value to farmer’s produce beyond price realization through its new-age low-cost, micro processing units owned by farmers and buoyant market linkages. The company is present in Telangana, Andhra Pradesh, Maharashtra, Madhya Pradesh, and Karnataka with 85 plus farmer franchises.  

Krishify

Total Funding Amount: US$3.5 million 

Investor(s): Not Disclosed 

Krishify is a digital technology-driven organization building an #agriverse, a digital community of farmers who enjoy a level-playing field to directly connect with businesses. It is focused on creating India’s first digital marketplace of agrarian products by leveraging an online community of more than 7 million farmers. 

Apollo Agriculture

Total Funding Amount: US$40 million 

Investor(s): Softbank Vision

Apollo helps farmers in emerging markets increase their profits. It uses agronomic machine learning, remote sensing, and mobile technology to help farmers access to credit, high-quality farm inputs, and customized advice. Its first product is a customized package of farm inputs, farming advice, and credit delivered to farmers in Kenya.

MoooFarm

Total Funding Amount: US$2.4 million 

Investor(s): Accel India

MoooFarm is an information technology company that specializes in agTech and uses global leadership and expertise in the areas of skills, agribusiness, and technology to drive social change in developing countries such as India. MoooFarm enhances rural farmers’ access to better technology by inserting a complete dairy farm management tool with a built-in e-commerce platform into the dairy farming process of rural India.