Kavimathi Sengottaian’s Post

Why do Agritech startups fail , Let's understand Acronym - #F.A.I.L.U.R.E #Funding: #29% of startups failed due to running out of cash as per #CB insights. Inadequate capital to sustain and grow the business seems always difficult. We would like to share about a company's #EM3 #AgriServices. Despite initial funding rounds, EM3 faces challenges in securing consistent financial backing for scalling its operations across India's diverse agri- ecosystem. As per market report . Some of the companies also failed in the grouping phase due to funds. #Adaptation: Inability to adapt to market changes and customer needs. Market and customer taste and preferences change very rapidly. Product Market fit plays a critical role for their success. They don't adept and revise business model. CB Insights states that 17% #start up fails due to right and relevant business models or adaptable business models. Business failed to adapt pressing pain of farmers and processing units leads to chronic waste of time, talent and treasure of starts up and finally ends up with loss. #Infrastructure and Inefficient #Marketing. : 14% start up failed due to adequate marketing. Infrastructure problems are very critical problems for Agri to start up. #Poor #management of #operational infrastructure and logistics.leads to failure. Most of the Agritech starts with #farm to #factory concepts but ends with trader to millers concept. #Sourcing from Farmers, #storage , #logistics, finance and #upkeeing of stock is very scientific and systemic. The company struggled to adapt its services to the varied needs of farmers in different regions, which affected its ability to expand and maintain a broad customer base. Managing the complex logistics of agricultural equipment and services proved to be a significant operational hurdle, affecting service delivery and customer satisfaction. #Leadership and skilled #Team Leadership and decision-making processes, 23% starts up failed due to lack of #commitment , #competent and #capable team members. #Understanding #Market: Insufficient market research, Market #segmentation, Market #product #fit, #customer #value #proposition, value #delivery, #Persona play major reasons for failure.. The vast and diverse agricultural market in India requires deep, localized knowledge. EM3’s services sometimes failed to resonate with the unique needs of different farming communities. #Resource #Allocation: Mismanagement of resources, including talent, treasure, technology and time accordingly is equal contribution for failure and success of agri starts-up. #Execution: Flawed execution of the business model and strategies. Start up Genome Report - 30% start up fail due to problems with execution effectively. Implementing the business model on a large scale, particularly in rural areas with limited infrastructure, posed significant execution challenges. Note - Any company name is taken for understanding only. #Agritech

🚀 The Funding Winter is Over for AgriTech Startups! Incredible to see the momentum building in the Indian agritech space 🌾! The year 2024 has witnessed 10 innovative agri-startups raising significant capital and pushing the boundaries of agricultural solutions. This is more than just funding; it’s a sign of the growing trust and confidence in the potential of Indian agri-innovation. 🔝 Arya.ag leads the way with a massive $29M raise, followed closely by Agrim with $17.3M, and Superplum at $15M. Other key players like BigHaat, AyeKart, and Sid's Farm are also scaling new heights! 🌱📈 This resurgence in investment highlights how agriculture technology is becoming a central pillar for India’s future growth. From sustainable farming to supply chain optimization, these startups are ensuring that agriculture remains the backbone of the nation’s economy. 💡 As the funding flows, so do opportunities. Whether you're a farmer, entrepreneur, or investor, this is the perfect time to be part of this agri-revolution. Let’s innovate, collaborate, and drive this sector forward together! 💼🌟 #AgriTech #FundingSuccess #AgriStartups #SustainableFarming #IndiaInnovation #AgriBusiness #FutureOfAgriculture

Amandeep Panwar is set to contribute his insights in the panel discussion for The Agri Entrepreneurs. We are pleased to announce Amandeep Panwar, Co-founder & CEO at BharatRohan®- Revitalizing agriculture as a distinguished panelist in our fifth Agriculture Virtual Roundtable on Agriculture Venture Funding. In India, where agriculture is both a livelihood and a heritage for millions, the role of venture funding in transforming this sector cannot be overstated. For agri-entrepreneurs, access to venture capital is not just funding—it's a vital resource that empowers innovation and drives growth. Venture funding in agriculture enables entrepreneurs to adopt advanced technologies like artificial intelligence, precision farming, and biotechnology. These innovations are crucial for enhancing crop yield, improving product quality, and ensuring sustainable farming practices that align with global environmental standards. Moreover, this funding is key to addressing some of the pressing challenges faced by Indian agriculture, such as water scarcity, soil degradation, and the need for supply chain improvements. By investing in agri-startups, venture capitalists not only foster a culture of entrepreneurship but also contribute to food security and economic stability in the region. The impact extends beyond the individual entrepreneur. Venture capital helps build ecosystems that support a range of services from farm to fork, creating job opportunities and promoting rural development. As such, venture funding isn't just fueling agricultural ventures; it's seeding the future of India’s agrarian economy. ONLY THREE DAYS TO GO!!! Mark your calendars for this insightful roundtable: 📅 Date: 2nd May, 2024 - Thursday 🕒 Time: 3:00 PM IST / 9:30 AM GMT To secure your spot, kindly register using the link: https://bit.ly/hnybaravf

🌟🔥Bengaluru-based agritech startup Agrizy raises $9.8 million in a Series 🌟🔥 Founded in 2021 by 🌟Vicky Dodani and 🔥Saket Chirania ,🚀 Agrizy focuses on integrating technology into the agricultural sector, specifically targeting the processed agri-food supply chain. 🚀Innovative Vision: Founded by Vicky Dodani and Saket Chirania in 2021, Agrizy's focus on integrating technology into the agricultural sector showcases the power of innovative vision to transform traditional industries. 🚀Bridging Gaps: By targeting the processed agri-food supply chain, Agrizy is addressing critical gaps, proving that technology can significantly enhance efficiency and productivity in agriculture. 🚀Rapid Growth: Raising $9.8 million in a Series A funding round within a short span since its inception highlights Agrizy's rapid growth and strong market validation. 🚀Impactful Leadership: The leadership of Dodani and Chirania exemplifies how dedicated and forward-thinking entrepreneurs can drive substantial impact in essential sectors like agriculture. 🚀Technological Advancement: Agrizy's success emphasizes the importance of technological advancement in improving the agri-food supply chain, making it more resilient and efficient. 🚀Strategic Investment: The substantial funding reflects investor confidence in Agrizy's mission and potential, showcasing the value of strategic investment in agritech. 🚀Sustainable Development: Agrizy's efforts contribute to sustainable development by optimizing the agricultural supply chain, benefiting farmers, consumers, and the environment. 🚀Inspirational Journey: From its founding in 2021 to raising significant funds, Agrizy's journey is a powerful inspiration for aspiring entrepreneurs in the agritech space. ✅️Share Your Startup Story 🚀📲 https://lnkd.in/ggir3Qap ✅️visite our website🌐 https://lnkd.in/dad4nHP4 #Agrizy #AgriTech #StartupSuccess #SeriesAFunding #TechInAgriculture #InnovativeSolutions #ProcessedAgriFood #SustainableAgriculture #scoopearth #Entrepreneurship #TechInnovation #VisionaryLeadership #scoopearth

Digital agriculture is a challenging endeavor. And so is inventorizing digital agriculture solutions/initiatives. AgTech Companies (Startups) are always pivoting/evolving as they rightly search for repeatability and scalability of their business models. Others close shop suddenly. Others zombie around with a good-looking website and no real clientele behind them. Last year, they may have been about crowdfunding for ag. Production; next year, they may be about consolidating input supply. Last year, they may have been about video-based advisory to farmers; next year, they may be about output market coordination. Another promising to become a unicorn in five years might as well close shop by next year, and the founder may have become a senior leader at an NGO. This year, the company may be big on inclusive markets and value chains for smallholder farmers; next year, they may talk about their new large mechanized farms with IoT and efficient automated production. Even for digital agriculture initiatives embedded within rural development projects by Governments and NGOs, funding dries out, or program management finds new priorities. Suddenly there's not much to hear of a promising initiative. In many cases, old inactive pages on Facebook and Twitter are the only evidence you find of a previously thriving initiative/solution. #DigitalAgriculture; #AgTech #Startups Are there any studies out there on this important trend? Digital Agri Hub; Development Gateway: An IREX Venture; Beryl Agengo; Ken Lohento; Parmesh Shah; Brenda Mulele Gunde; Benjamin Gyan-Kesse Josh Woodard; Grow Asia; Wayan Vota;

The answers to these critical questions will save the Agritech actors. Researchers please send links to some publications that address them. If none please take advantage of the gap and get us some anwers

Ranjith Mukundan is set to contribute his insights in the panel discussion for The Agri Entrepreneurs. We are pleased to announce Ranjith Mukundan, CEO & Co-founder at Stellapps Technologies Private Limited as a distinguished panelist in our fifth Agriculture Virtual Roundtable on Agriculture Venture Funding. In India, where agriculture is both a livelihood and a heritage for millions, the role of venture funding in transforming this sector cannot be overstated. For agri-entrepreneurs, access to venture capital is not just funding—it's a vital resource that empowers innovation and drives growth. Venture funding in agriculture enables entrepreneurs to adopt advanced technologies like artificial intelligence, precision farming, and biotechnology. These innovations are crucial for enhancing crop yield, improving product quality, and ensuring sustainable farming practices that align with global environmental standards. Moreover, this funding is key to addressing some of the pressing challenges faced by Indian agriculture, such as water scarcity, soil degradation, and the need for supply chain improvements. By investing in agri-startups, venture capitalists not only foster a culture of entrepreneurship but also contribute to food security and economic stability in the region. The impact extends beyond the individual entrepreneur. Venture capital helps build ecosystems that support a range of services from farm to fork, creating job opportunities and promoting rural development. As such, venture funding isn't just fueling agricultural ventures; it's seeding the future of India’s agrarian economy. ONLY FIVE DAYS TO GO!!! Mark your calendars for this insightful roundtable: 📅 Date: 2nd May, 2024 - Thursday 🕒 Time: 3:00 PM IST / 9:30 AM GMT To secure your spot, kindly register using the link: https://bit.ly/hnybaravf

Are you betting on #AgriTech? We sure are! India's #agritech industry is witnessing a remarkable surge! The sector has grown from $200 million in 2017 to $1.5 billion in 2022, a whopping 7x increase in just 5 years! Today there are over 1,000 agritech startups making #India home to the largest number of agritech #startups in the world! Having the potential to increase farmers' income by 20-30% and reduce waste by 20-25%, the Indian government has launched initiatives like AGRI-UDAAN and AGRI-STACK to support the growth of agritech! Investors are taking notice, with agritech startups receiving over $1 billion in funding recently. Today we're going to deep dive into 3 of these in the first part of our new series #Agribets: 1️⃣ Arya.ag: Founded by Prasanna Rao, Anand Chandra, and Chattanathan Devarajan in #Noida in 2013, the company offers India's largest integrated grain commerce platform offering post-harvest services and #profitability of every stakeholder in the chain. This week Arya.ag has raised $29 million in #funding from Blue Earth Capital AG, Asia Impact, and Quona Capital. They have impacted over 6.5 lakh farmers and shown a 15-25% growth in value realisation for them. 2️⃣ Fyllo: Founded by Sudhanshu Rai and Sumit Sheoran in 2019 in #Bengaluru, they have developed an agricultural device designed to harness the #potential of technology to make #agriculture profitable and sustainable. Recently they have received a #funding of $4 million in funding from IndiaQuotient and SIDBI Venture Capital Ltd. They have helped achieve 25% more yield, 80% export-quality produce, and 30% more income. 3️⃣ BharatAgri: Founded by Siddharth Dialani and Sai Gole in 2017 in #Bangalore, they are a farming technology platform providing AI-based agronomy services. They recently received $4.3 million in #SeriesA funding led by Arkam Ventures. They previously received a funding of $6.5 million led by Omnivore. They have increased #farmers' production by 30%, reduced their costs by 10%, and improved earnings by a remarkable 100%! As you can see #Agritech startups are not just #GoingBigOnIndia but revolutionising the use of #technology in #agriculture for the world! #Followus and stay tuned for #Part2! If you are an Agritech startup and want to get featured, do share your story with us!

The Indian government has launched a ₹750 crore AgriSure Fund aimed at supporting agriculture startups across the country. This fund is designed to provide financial assistance to innovative startups that are working on solutions to improve agricultural practices, enhance productivity, and promote sustainability in the sector. The AgriSure Fund is part of a broader strategy to boost the agriculture sector by encouraging innovation and technology adoption. By providing capital to startups, the government aims to address various challenges faced by farmers, such as low productivity, inefficient supply chains, and climate-related issues. #government #agriculture #india. #startuplife #startupbusiness #idea_glow_up #Idea_Glow_Up @idea_glow_up

**Great opportunities for AGRI STARTUP's: Budget 2024 is Visionary** (Part 2 of 2)   Back with a bang to complete this series as the first part was getting lengthier, so thought of splitting it in two. The present Generation has no patience to read lengthier articles, but the vision that the present Government has showcased will clearly create a strong foundation for our future.   Agriculture is in itself an industry providing multiple opportunities to budding entrepreneurs in integrated operation, #foodandnutrition processing, developing new varieties through R&D or creating solutions for post-harvest distress. The other grants/ schemes/ benefits offered by GoI are: Ø Rooftop #solar schemes, solar pump installations that would help in contributing and achieving #sustainabledevelopmentgoals . Ø Agriculture Accelerator fund to help marginal #farmers survive and fulfill their responsibilities. Ø Modernizing #agriculturalinnovation markets, integrating mandis and opening new mandis at easy reach. Ø Increasing rural income via MSP, creating appropriate supply chains and operation mechanism will boost this sector. Also Public private partnership (PPP) will never let financial crunch affect #development. Ø Integrating AI , ML, IoT and other digital technologies with #farminglife , helping weather predictions, insurance to protect losses of farmers are steps welcome by everyone. Ø Mechanisms to convert agricultural #wastemanagementsolutions to wealth. Ø The Vikasit Bharat approach where contribution comes from every sector and Bharat contributing and leading Global #foodandnutrition security. Ø Development of biofuels by #agriwaste will lead to sustainable waste management contributing towards reduction of #carbonemission .   So you can think on lines of agritech/ Agri fintech companies and build the future with your new idea. Lets gear up to help the farmer community, utilize our expertize and knowledge to develop #atmanirbharbharat . If you have some great idea, DM me lets covert them into business ideas and together contribute in this #startupculture   #entrepreneurmindset #startup #startuplessons #mentorship #startupindia #farminginnovation #farmingrevolution #startinUP #leadershipdevelopment #coachlife #startupworkshop #agritech #agripreneur #farmingrevolution #farminglife