Agritech

OPINION | Post-harvest zone is where agritech and climate tech intersect

Storage and related infrastructure are overshadowed by other aspects of agritech. However, it’s the barely visible post-harvest technology which provides meaningful environmental and financial benefits for farmers

Ishwak Singh starrer Mitti: Ek Nayi Pehchaan pays homage to India’s agri-tech ventures

In its end-roll, Mitti: Ek Nayi Pehchaan mentions seven agritech ventures led by well-educated and well-funded entrepreneurs who have made it their business to generate employment and make a living off farming in Indian villages. It's early days in the shift from Indian cities to villages yet.

Not Cool! Agritech startup WayCool fires over 200 employees in third round of layoffs in 12 months

In a related development, BP Ravindran, who was appointed CEO of Waycool's FMCG entity-BrandNext in April last year, has exited the company, per sources.

Nirmala Sitharaman announces implementation of DPI for agriculture over next 3 years in Budget 2024

As part of the project--namely Agri Stack--the government plans to conduct digital crop survey in 400 districts this year, bringing over 6 crore farmers into the formal Farmer Registry System.

Agritech set for a push in Modi's third term with DPI and Krishi satellite

The agriculture DPI or ‘Agristack’ will consolidate data from government departments, academic institutions, farmer organisations, and private sector stakeholders on a single platform.

Agritech players hail govt's emphasis on PPP model for post-harvest innovation in interim Budget

While there was no mention of the Agriculture Accelerator Fund in FM’s budget speech, the report on implementation of last year’s budget announcements said that the government is all set to identify problem statements and selection of startups by 15th February 2024.

Interim Budget: Agritech industry expects credit push, incentives for tech enablement

The interim budget follows a year when the Union Budget marked significant progress in addressing crucial reforms for the agricultural sector, with 'green growth' among its seven key focuses

Agritech startup Fasal raises Rs 100 crore led by TDK Ventures, British International Investment

Fasal’s co-founder Shailendra Tiwari in February this year told Moneycontrol that the company is in talks to raise a new round of funding to support its output business foray.

Matrix-backed agritech firm Vegrow raises $46 mn in Series C funding led by GIC

Earlier in July, the company raised $25 million as part of its Series B funding at a post-money valuation of $170-$180 million. The new round marks GIC’s first agri-tech and B2B investment in India, the company said

Agritech Waycool in talks to raise $40 million in internal funding round led by Lightrock

Sources say the new round will either be a bridge or a down round. Waycool was last valued at $700 million in June 2022 and is unlikely to see an uptick in valuation in the ongoing round.

With 5x growth in FY23 revenue, Matrix-backed Farmart eyes inorganic growth

Alekh Sanghera, co-founder and CEO of the company, said it clocked a total revenue of Rs 1,060 crore, a significant spike over the Rs 209 crore recorded in FY22.