Agri-startups can offer tech solutions to keep food supply chain rolling amid COVID-19 crisis: Study


NEW DELHI: Agri-startups, that are rising at 25 per cent year-on-year foundation, can offer tech solutions to assist Indian farm sector to keep food and farm supply chain rolling throughout and put up lockdown section, in accordance to a examine by business physique FICCI.
This turns into extra crucial amid the continuing procurement of rabi (winter) crops and consequent sowing of kharif (summer time) crops throughout the nation within the backdrop of COVID-19 scare, it mentioned. There are about 450 lively agri-startups in India. Many of them are already working to clear up the issues at hand, it added.

According to the examine, agri-tech startup corporations have grown 25 per cent year-on-year. They have obtained enterprise capital funding of $545 million since 2014. out of this, $330 million got here in 2019. Highlighting agri-tech solutions, the examine mentioned agri-startups can present aggregation and distribution of farm produce from level of assortment to consumption centres.

Many startups try to join farmers with patrons, together with retailers, e-commerce, processors, cloud kitchens and even direct to customers. Startups working on this space embrace Ninjacart, Jumbotail, Bigbasket, ShopKirana, SuperZop, WayCool, MeraKisan, Kamatan, DeHaat, KrishiHub, Agrowave, Loop, Crofarm, FreshoKartz, Agribolo, Himkara, Kisan Network.

To present high quality assaying of agricultural commodities, startups like Intellolabs, Agricxlab, Zense, Raav Tech, Occipital, Amvicube and Nanopix are trying to clear up the issue of standardisation by means of cell imagery and digitisation. To tackle put up harvest challenges, the examine mentioned some startups have begun work on close to farm, modular and reasonably priced storage and processing solutions.

These storage amenities are supposed to give farmers an possibility to promote the produce on the proper value and on the proper time, as a substitute of quick or distressed liquidation of their produce after harvest. The startups on this class embrace Our Foods, Agri Bazaar, Star Agri, Arya Collateral, Ecozen, Origo, it added.

For clean operation of kharif sowing, the examine mentioned startups corresponding to Agrostar, BigHaat, Behtar Zindagi, Unnati, Gramophone, Freshokartz, AgriBolo, DeHaat, Bharat Rohan, and Bharat Agr are providing solutions to optimise the usage of agricultural inputs and allow supply to farmers.

Agri-startups try to construct enterprise fashions to attain out to farmers instantly each on-line in addition to by means of offline presence within the villages. Such startups can play a pivotal function in ensuring that farmers get desired inputs in a well timed method, it mentioned.

To cut back labour value by means of mechanisation, some start-up corporations like Sickle improvements, Distinct Horizon, Tractor Junction, Khetibadi and J Farm service are providing mechanisation solutions for harvesting and sowing.

In addition, a number of the startups have centered on correct and well timed evaluation of soil moisture and creating data-driven managed irrigation fashions. The startups on this class embrace Satyukt Analytics, Flybird, Kritsnam, Agrirain, Manna Irrigation, the examine added.

That aside, some agritech startups can present farmers advisory for crop monitoring, together with institutional credit score and crop insurance coverage. CropIn, SatSure, Farmguide, Niruthi, AgRisk, Skymet. Startups like Samunnati, FarMart, Jai-Kisan, PayAgri, Bijak are particularly working in worth chain financing.

Many of those startups are utilizing satellite tv for pc photographs to geotag farms, assess crop well being and estimate output. They are additionally constructing algorithms for farm monitoring and fashions for synthetic intelligence to automate and enhance predictably of yield and farmers’ incomes, the examine added.

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