Data snapshot: Indian farmtech startups close 185% more funding in 2022 than 2021
Indian farmtech startups raised $1.5bn in the fiscal year ending March 31, 2022, which was around 30% of total funding but 60% of deal count.
Indian farmtech startups raised $1.5bn in the fiscal year ending March 31, 2022, which was around 30% of total funding but 60% of deal count.
Nigerian agrifintech startups are taking up the challenge of addressing the 78% of Nigerian farmers who lack access to formal financial services.Â
A mix of high inflation, drought conditions, and high energy costs are making the chance of food shortages and food insecurity in the UK ever more likely this winter. We need circular solutions, argues one startup.
Investment in farm technologies was particularly buoyant, increasing 185% year-on-year and accounting for 60% of the total number of deals closed.
The segmented and unstructured nature of Africa’s food and FMCG supply chains calls for interventions, which investors seem to be leaning into.
Late-stage deals in the Asia-Pacific region grew by more than 30% in 2021; in H1 2022, the median size of deals dropped for the first time in three years.
Sessions at the AfricArena Grand Summit had diverse panels discussing investments and changing narratives on the perception of Africa’s startup ecosystem.
All three agreed that mergers & acquisitions were more likely to deliver the next big exit over public market listing via IPOs and SPACs, and that the next big exit will be disappointingly low value.
Bruce Gurfein, a UAE entrepreneur has completed a 9,000 km road trip across six countries: the UAE, Saudi Arabia, Jordan, Bahrain, Palestine, and Israel.
Africa is responsible for just 3% of global carbon emissions. While there are calls for developing nations to seek compensation from the world’s biggest emitters at COP27, developing nations must also look to technology to mitigate the impacts of climate change – or adapt.
African Agrifoodtech investment deals in 2021 were dominated by seed stage deals, which took 80% of 150 deals recorded.
Bonbell co-founder Doaa Abdel Hameed shares here thoughts on enhancing the hospitality industry, her company’s future, and supporting female founders.
Midstream Technologies was a leading category after scooping 60% of the total amount of agrifoodtech investments made in Africa in 2021
A look into the flow of venture capital into the agrifootech industry shows Launch Africa, Flat6Labs Cairo led in financing startups
Vendease is on a mission to be ‘Africa’s Amazon for food vendors’ by automating food supply.
Farmerline claims to have reached over 1.5 million farmers in 35 countries via its Mergdata platform.
Mzansi Meat’s Brett Thompson and Tasneem Karodia discuss how their company and South Africa’s cultivated meat industry could evolve in the near future.
Nigeria, Egypt and Kenya collectively secured close to 90% of agrifoodtech investments in 2021, according to the Africa AgriFoodTech Investment Report by AgFunder.
The Africa Agrifoodtech Investment Report 2022 by AgFunder, FMO and BII reveals that $482.3 million was invested into the agrifoodtech industry in 2021
The trend for African alternative protein startups is coming to the African continent. Here’s a closer look at five of them.
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International Fresh Produce Association launches year 3 of its produce accelerator