Recent
Trends in
India’s Agri
Tech Sector
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In this presentation, we take a look at the
agriculture sector in India and how technological
interventions by the Agri Tech sector are creating
investment opportunities by raising efficiencies
and overall productivity.
Creator of this Presentation
Navin Israni
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Overview Of Agri Tech In India
Why Agri Tech is
Important? Agri tech ecosystem witnessed a revenue
growth of around 85% during 2019-20.
India’s Agri tech market has the potential to
o Developments in Agri Tech are hugely reach USD 24bn by 2025.
relevant for Indian economy.
Private equity investments in Agri tech
o Agriculture sector is worth USD 370bn.
startups between 2017 and 2020 amounted
o Main source of livelihood for over 40%
to INR 66bn.
of the population and contributes
India’s Budget 2022-23 also contains
19.9% to the national GDP.
provisions to support ‘digital agriculture’ and
INR 600 million will be allocated for the
sector to digitize and provide hi-tech services
to farmers.
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Growing segments within Agri Tech in India
Out of the total projected Agri Tech market potential of USD 24bn
Supply chain Precision
Financial
technology and agriculture and
services
output markets farm
management
Worth USD 4.1bn Worth USD 3.4bn
Highest potential in India,
worth USD 12bn
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Agri Tech investments doubled to USD 2.1 bn in 2021
Overall number of deals rose to
189 in fiscal 2021 as compared to
Upstream
133 in the previous year.
Upstream and Farm-to-
consumer e-grocery, start-ups
The upstream deals at 98 raised USD 527m in some 119
surpassed the downstream deals deals.
of 91 during the year. Midstream
Midstream start-ups raised
The Agri Tech sector saw USD 176m across 29 deals.
generalist venture capital funds
such as Sequoia, Matrix, Blue
Ventures, Chiratae Ventures
Agribusiness Marketplaces
and RTP Global picking up stakes Agri business marketplaces
raised a total of USD 86m.
in multiple start-ups during the
year.
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Recent Notable Acquisitions
Closed On Oct 27, 2020 Closed on Dec 13, 2021 Closed on Jan 13, 2022 Closed on Oct 26, 2021
Raised $121m in Raised $145M Raised $11.5m in Raised $115m in
Series C In Series D Series D Series D
E-commerce platform for B2B fresh produce supply E-Distributor of farm Agri Tech startup that offers
fresh and chemical-free chain that connects farmers, products. end-to-end agricultural
chicken, meat, and seafood. manufactures, and brands to services and products to
retailers directly. farmers.
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Most prominent companies involved in different Agri Tech segments include:
01 IoT powered agriculture and drones 06 Meat delivery
Licious, Zappfresh, Pesca Fresh,
Fasa, Bitmantis, Agronxt, Soilsens
FreshtoHome
Marketplace and e-distributor
02 Equipment leasing
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DeHaat, Ninjacart, Jumbotail, Bijak, Farmzen Em3, Agri Bolo, Tractor Bazaar
03 Farm inputs
DeHaat, AgriBegri, AgroStar, BigHaat, Gramophone
04 Precision agriculture and farm management
Cropin, FarmERP, AgNext, BharatAgri
05 Finance and insurance
Aggois, Niruthi, Weather Risk, Jai Kisan
Opportunities for Indian Startups 8
Removing the Middlemen Low Access to Lack of Infra
Unorganized
Technology
Fragmented and unorganized Multiple levels of Limited access to technology, Lack of infrastructure, supply
agribusiness ecosystem intermediaries and middlemen inputs, credit. chain inefficiencies
Reasons why Private Equity firms are moving to India’s Agri Tech Sector is that the Agricultural sector
which contributes around 19.9% to country’s GDP has huge opportunities for these startups.
Agri Tech startups can plug these challenges, such as lack of infrastructure, supply chain inefficiencies,
and low digital adoption which have historically held back the sector from performing to its full potential.
The Road Ahead…
Overall, the Indian Agri tech sector has huge
untapped potential. Agri tech seems to have
reached that inflection point where it is gaining
significant momentum among venture
capitalists and government grants.
Agriculture is an important industry in India’s
economy and start-ups are playing a pivotal role
in easing the burden on farmers by digitizing the
entire supply chain with use of new
technologies such as artificial intelligence,
internet of things, Big Data analytics and
engineering innovations.
Thank you!
End of Slide
