Varaha has sold 100,000 credits in what it says is the world’s largest carbon dioxide removal offtake agreement for industrial biochar.
For many foodtech startups 2024 has been a year of resilience and confidence, a time when they managed to win investors’ trust and secure new funding despite an ongoing credit crunch. Here are the top 15 foodtech deals of the year.
Investment in Asia biotechnology startups is on the rise, with those operating in the food, agriculture, bioenergy, and biomaterials spaces raising nearly $3.5 billion in the last three years, up over 140% against the three years prior.
In 2024 Asia-Pacific agrifoodtech startups have shown resilience against global market headwinds, securing $4.2 billion in funding and 31% of the global investment in the sector this year.
Loopworm is ramping up production at a facility in Bangalore capable of churning out 6,000t of silkworm and black soldier fly protein a year.
The Plantik process grows high-heat-tolerant tomatoes in a fraction of the time it would take to do through traditional breeding.
After a fun—but not very lucrative—few years working on driverless cars in India, Kumar Ranjan turned his attention to a very different industry: farming.
Agrizy provides a fully managed B2B marketplace with a variety of digital tools connecting food producers and local and international buyers.
Fashol aims to stabilize food prices for farmers and reduce supply chain waste through its agribusiness marketplace.
The first batch of carbon credits generated from methane reduction initiatives Mitti Labs is working on with Indian rice farmers should be issued in the summer of 2025.
Mitigation receives about 90% of global public and private climate financing, which frequently sidelines efforts around adaptation.
Niqo will use new funding to expand its spot-spraying tech across India and into horticulture markets around the world.
Indian startups in the Bioenergy & Biomaterials category including waste-to-value products developer altM raised $14 million in 2023.
Bucking the overall global agrifoodtech investment trend, funding returned to pre-Covid levels.
Scaling and commercializing products from a completely new crop takes time and patient capital, says Terviva cofounder and CEO Naveen Sikka.
Deeper collaborations with Global South peers can herald a paradigm shift in Africa’s agricultural landscape.
Ai Palette has developed an end-to-end platform enabling clients to identify trends, generate new product concepts and screen them at the click of a button, aided by a new conversational chatbot called FoodGPT.
The Varaha platform measures and quantifies carbon sequestration for regenerative agriculture, afforestation and biochar projects.
Bangalore-based FaunaTech is a novel smartphone-based diagnostics platform for rapid testing of milk and bovine health at the farmgate.
As smartphones have proliferated and technological advancements have enabled more transparency around agricultural products and pricing, farmers are gaining more trust in online tools as a means to do business and improve their finances.
