Agriculture and India share a unique bond with India having the second-largest agricultural land in the world. With 118.7 million farmers, which accounts for more than half of its population, it depends on agriculture as its primary source of income. The agriculture industry is transforming into the next high–tech sector. Today the Indian government and industry bodies are attempting to address agricultural concerns by adopting various ways.
Advances in technologies Big Data, Machine Learning, and Al have given farmers new ways to redistribute labour, lower cost, and boost profits. Due to its potential, the market value of the global agritech industry is expected to surpass the $ 22.5 billion mark by 2025. With the technological advances expected to continue, here are 5 top AgriTech start-ups to look out for in 2022.
AgNext– With its unique deep-tech solutions, AgNext is poised to transform the Agri value chain at a global scale. Farmers benefit from our instant food quality assessment technology supported by AI-on-the-edge. In the traditional configuration, the farmer spends several months planting a crop. When he sells the crop, he will subjectively and manually analyze the quality of his food. This is a process with a high error rate. By using technology to standardize food quality inspections, farmers can ensure fair pricing of agricultural products and thus obtain higher profit margins. By developing innovative quality assessment algorithms, AgNext has created a fully integrated full-stack platform – Qualix, for assessing food quality and enabling digital trade across nodes in food value chains. With the advent of this AI-based testing device based on a proprietary Qualix platform, the time to Test spice quality was brought down from days on end to a little as 30 seconds. This came in clutch and as a huge relief to farmers in distress due to lengthy testing periods and unfair prices.
Unnati – Unnati is a fintech powered agritech platform, which is powering farm entrepreneurs and bringing efficiencies to their businesses via digital technologies. The startup addresses the issues that farmers in the country face owing to a lack of knowledge and resources. From Unnati banking services to crop-specific advisory, the brand reaches out to the farmer at every step of the farming life-cycle and works with them to create a sustainable future. Unnati’s predictive farming model is shaping the future of farming with its sophisticated technology. The model helps the farmers in making precise decisions which are based on over 200 parameters drawn from satellite information, transaction history, farmer’s pattern, soil information, and weather information among others. Learning from historical and future data based on measured variables massively impacts efficiencies and processes.
Agribazaar– The Government of India recently signed preliminary agreements with multiple private sector players to share farm statistics it’s been gathering since 2014. The idea is to leverage this data to help farmers boost yields with apps and tools built from information such as crop output, soil quality and landholdings. Under the agreement, the private companies will help the government develop proofs of concept to offer tech solutions for farm-to-fork services, which farmers will access at their doorstep. If beneficial, the tools would be scaled up at the national level. Firms would be able to sell the final product to the government and also directly to growers. AgriBazaar is proud to be a part of the initial cohort of businesses partnering with the government in this ambitious vision.
CropIn– CropIn is an intuitive, intelligent, self-evolving system that delivers future-ready farming solutions to the entire agricultural sector. The brand delivers decision-making tools that bring consistency, dependability and sustainability to agri-businesses. Real-time actionable insights enable farm management companies to take planned & responsive business decisions. The predictability of quantity & quality of yield combined with reduced cost of operations results in higher productivity for the businesses.
Ninjacart– Ninjacart is India’s largest fresh produce supply chain company that is solving one of the toughest problems in the world through technology. The brand connects producers of food directly with retailers, restaurants, and service providers using in-house applications that drive end-to-end operations. Currently, their Supply Chain is equipped to move 1400 tonnes of perishables from farms to businesses, every day, in less than 12 hours.