Jai Kisan founders
Jai Kisan founders Arjun Ahluwalia (L) and Adriel Maniego (R). Image credit: Jai Kisan

Data Snapshot: Seed stage deals more than doubled for India agrifood startups in FY21

February 2, 2022

Data Snapshot is a regular AFN feature in which we analyze agrifoodtech market investment data provided by our parent company, AgFunder. Click here for more research from AgFunder and sign up to our newsletter to receive alerts about new research reports.

India agrifoodtech saw $97 million deployed across 110 Seed stage deals in FY21, up significantly from $35 million across 50 deals in FY20, according to AgFunder’s ‘India AgriFood Startup Investment Report’ compiled in partnership with leading Indian agrifoodtech VC Omnivore

Top Seed stage deals were for upstream solutions closer to the farm such as farm management software, agribusiness marketplaces, and farm mechanization and equipment. Thanks to Covid-19-related lockdowns, labor shortages, supply chain issues, and economic slowdown, upstream deals surpassed downstream in India agrifood for the first time in FY21.

Source: AgFunder/Omnivore

Notable seed stage deals

The top Seed stage deals of FY21 in India agrifoodtech suggest an increased demand for solutions that can provide better access to markets, working capital, and precision-based technologies that can enhance agriculture.

Source: AgFunder/Omnivore

As the AgFunder/Omnivore report highlights, the Covid-19 pandemic battered the agrifood supply chain and caused substantial economic slowdown in India, not to mention one of the world’s largest and longest lockdowns. These and other factors contributed to an increased need for technologies that make managing and financing farm operations in India more efficient.

Agrifoodtech entrepreneurs were largely responsible for keeping smallholder farmers and food supply chains afloat as they and investors discovered a wealth of untapped opportunities for Seed stage companies.

Join the Newsletter

Get the latest news & research from AFN and AgFunder in your inbox.

Share on email
Share on twitter
Share on facebook
Share on linkedin
Share on reddit
Share on whatsapp
Share on skype
Join the Newsletter
Get the latest news and research from AFN & AgFunder in your inbox.

Follow us:


Sign up for our weekly food+ag+climate newsletter

This will close in 0 seconds

Join Newsletter