Data Snapshot: Investment in premium food brands slowed in India last year, but grew in China
Premium Branded Foods remained one of India’s most active categories, despite a pandemic-related slowdown.
Premium Branded Foods remained one of India’s most active categories, despite a pandemic-related slowdown.
Pandemic-related labor shortages and supply chain issues drove early-stage investment in solutions closer to the farm for India’s agrifood startups.
Drones could be revolutionary for Indian agriculture – but their cost means they remain out of reach for most of the country’s farmers.
It’s boosting farm incomes and reducing food waste by providing logistics, warehousing, and financing solutions to small-scale grain growers.
Midstream Tech deals increased in response to the problems and inefficiencies in India’s agrifood supply chains highlighted by the Covid-19 pandemic.
The Chennai-based startup will use the Series D funds to expand into “aligned” categories including alt-protein, according to CEO Karthik Jayaraman.
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.
Global agrifoodtech funding is still dominated by the US – but a few massive deals in China, India, and other countries are stealing a greater share.
“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.
The farm laws “were for the benefit of farmers, but we could not convince a section of them despite our best efforts,” said Prime Minister Narendra Modi.
It’s on a mission to help India’s 100 million dairy farmers and workers get access to formal banking and other financial services.
Swedish company Nick’s grabbed the biggest funding round of the week, while India’s cloud kitchen market grew and Twiga Foods got $50 million to expand across Africa.
Fabric raised $200 million for its fulfillment robotics platform, while farmer marketplace DeHaat scored India’s biggest-ever agtech round.
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.
The online-to-offline platform aims to insure 10 million Indian smallholders to the tune of $135 million over the next three years.
The Pune-based startup aims to grow its presence in North America and Europe, including the establishment of an R&D facility in the Netherlands.
The US tech giant also said it’s building “robust temperature-controlled supply chain infrastructure” to preserve food quality and reduce waste.
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