Data Snapshot: Seed stage deals more than doubled for India agrifood startups in FY21
Pandemic-related labor shortages and supply chain issues drove early-stage investment in solutions closer to the farm for India’s agrifood startups.
Pandemic-related labor shortages and supply chain issues drove early-stage investment in solutions closer to the farm for India’s agrifood startups.
Midstream Tech deals increased in response to the problems and inefficiencies in India’s agrifood supply chains highlighted by the Covid-19 pandemic.
Online farmer marketplaces like DeHaat, Bijak, and Animall were among India’s big winners when it came to venture investment last year.
The latest edition of AgFunder’s India Agrifood Startup Investment Report, released today, also reveals that food delivery platforms raked in the most dollars during a difficult year.
A sneak-peek at our India Agrifood Startup Investment Report, which comes out tomorrow.
“Given we are operating in crops like palm, coffee, [and] pepper, we see the Southeast Asia region as a massive opportunity,” says co-founder Shailendra Tiwari.
It’s on a mission to help India’s 100 million dairy farmers and workers get access to formal banking and other financial services.
The Patna-based startup says it serves 650,000 smallholders and collaborates with 3,000 rural micro-entrepreneurs.
It links suppliers and buyers of fresh produce across the country, opening up more buy and sell opportunities while also facilitating timely payments.
Rebel Foods scored capital from the likes of Qatar Investment Authority and Coatue as it preps for an IPO, while ReshaMandi raised $30 million.
The online-to-offline platform aims to insure 10 million Indian smallholders to the tune of $135 million over the next three years.
Two of the past week’s biggest stories were AFN exclusives from the ag carbon market, both involving Microsoft.
The startup will use the capital to cement its presence in India and expand its food quality assessment platform to the Middle East and Europe.
The Chennai-based startup will use the pre-Series A funds to strengthen its fintech offering, while also boosting the volume of seafood exports it handles.
Some tech tidbits from around the week’s wider food-o-sphere to finish off your Friday.
“If I tell suppliers I have 25% of retailers on my platform, that’s a very solid proposition compared to 5% of farmers,” Agrim co-founder Mukul Garg tells AFN.
Today, Earthbound agriculture. Tomorrow, mining asteroids in outer space…
TenderCuts is the first consumer-focused investment by the VC arm of state-owned agricultural bank NABARD, the fund’s CEO Rajesh Ranjan tells AFN.
Bioinformatics. Drone surveillance. Farm robotics. BASF Venture Capital’s Markus Solibieda talks to AFN about tech innovations the company’s backing to complement and disrupt the agri-chemicals status quo.
The Indian startup plans to build out its lending capabilities, as well as adding insurance and crop spraying to its roster of farmer-focused services.
Sponsored
International Fresh Produce Association launches year 3 of its produce accelerator