Tomgo Agro Machines’ Post

A recent report by Bain & Company reveals that the Agritech industry in India is swiftly advancing, poised to reach a market valuation of US$ 30-35 billion by 2025. The report titled “Indian Agriculture: Ripe for Disruption” cites factors such as rising tech awareness among farmers, increased internet connectivity, mobile usage, and government initiatives and schemes as the central catalysts behind this recent surge. As India's agri-tech sector continues to thrive, it's anticipated that it will see significant growth in value and expansion over the next two decades. Influenced by these strong tailwinds, investments from PEs and VCs are pouring into the sector. With a constant influx of investments from all corners of the world, India now holds the title of being the third-largest recipient of funding in the agri-tech sector, and it is also home to the third-largest number of agri-tech startups in the world. Do you wish to know more about the future scope of agri-tech in India? Join us at India Innovation Week to get direct insights into the future scope of innovation and transformation in our country. Ministry of Electronics and Information Technology MeitY Startup Hub The Southern India Chamber of Commerce and Industry Industry Atom #IndiaInnovationWeek #Entrepreneurship #Innovation #Startups #Tech #India #Growth #agriculture #agritech #technology #sustainability

One of My Mentor told me that an entrepreneur has to be a part of solution not the problem. What a great advise! To be the part of solution you first have to understand the problems clearly. Being a CEO, I also used to take care of logistics part as and when required. In logistics part there are possibilities of many problems due to various other factors, you have to strengthen your delivery system to combat those problems. Especially in a business like AgriTech and Agri Inputs, it's the logistics too that can add a significant value proposition. It's common for an early stage startup team not just an entrepreneur, but the entire team to perform multi tasking, might not be purposefully, but it demands. I used to perform the role of Field Officer, Tele Support, Agronomist, etc,. Each roles and jobs add key value about your brand in customer perspective. Becoming the part of the value chain, it gives you the knowledge and power to understand the problems associated with each one of it. This will help us to come up with innovative solutions. Your business success, not just depends on your product or service. You might have best product, but it's also very important how that value served to the customer that it solves their problem. That's where you can create a lot of difference. And as my mentor advised, you can be a part of solution. #problemsolving #startup #agritech #entrepreneurship #farmingforthefuture #logistics MANAGE-CIA | NABARD MABIF | NABARD - National Bank for Agriculture and Rural Development | KonguTBI | Kannan P.S. | Carbon Zero Challenge | Indumathi M. Nambi | Ganesh Iyer | Ganesh Moorthy K | Lovi Raj Gupta, PhD | LPU School of Agriculture | StartupTN | Startup India | Vibrant Tamilnadu | AIC RAISE | EDII PHBIF | Saravanan Raj | Vasanthan Selvam | Gurushankar Selvam | Venky Ramachandran | Sivakumar Palanisamy | Nikunj Panchal | Varadharajan L | Harshini Jayasankaran | Gobinath Thangamuthu | Praveen Arunachalam | vembarasan J | Ashok Kumar | Madhumitha Senthil Kumar | Dharani M | Bharath Baskaran | Entrepreneurship Cell, IIM Kashipur | ECell IIT Kharagpur | E-Cell, IIT Bombay | FAO | YourStory Media | UNDP in India | Foundation For Ecological Security (FES)

As an entrepreneur, I've always been passionate about finding innovative solutions to real-world problems. My journey with Prafal Agro began during my engineering days when I realized the challenges faced by farmers in accessing profitable markets. This realization, coupled with a strong desire to make a positive impact, led me to establish Prafal Agro, a technology-assisted supply chain company focused on empowering farmers and rural women in South India. Our vision at Prafal Agro is to bridge the gap between farmers and profitable markets, thereby creating sustainable livelihoods for rural communities. We achieve this by following a farm-to-fork model, helping farmers market and sell their produce through value-added products. One of our key focuses is on empowering rural women, who play a crucial role in turning excess crops into marketable products. Our journey has been marked by challenges, especially in terms of customer acquisition and retention. However, through effective sales and marketing strategies, we have been able to overcome these challenges and build a loyal customer base. We have also received support from Siddaganga Incubation Foundation, which has been instrumental in our growth journey. The funding and mentorship provided by SIF have enabled us to develop our products and expand our market reach. Looking ahead, we aim to recruit more women and farmers, expand our product range, and become a 1000 Crore company in the next 15 years. While we are currently bootstrapped, we are confident that with the right strategies and determination, we will achieve our revenue targets. To aspiring entrepreneurs, I would say, do not let financial constraints deter you from pursuing your dreams. With passion, perseverance, and the right support, anything is possible. I am grateful for the support we have received from SIF and look forward to continuing our journey of empowering farmers and women in rural India. #Entrepreneurship #Agriculture #RuralEmpowerment #WomenEmpowerment #Innovation #SustainableBusiness #StartupIndia #SiddagangaIncubationFoundation #PrafalAgro

Over the last few years, Indian AgTech has grown significantly in size, scope and capital invested. AgTech founders, driven by the call to rapidly grow their revenues and raise their next round of funding, have focused their energies on expansion – expansion of their user base, expansion of their services stack, expansion across more agricultural value-chains and expansion of geographies catered to. While investors in Indian AgTech, a fast-growing cohort themselves, largely backed this ‘more is more’ approach in previous years, this has now given way to a preference for more focused AgTech entrepreneurship.   Access our complete publication AgFoodTech in India: Innovation and Investment Landscape Report 2023, for further insights on the current landscape and outlook of AgFoodTech innovation and investment in India: https://lnkd.in/gYzUfagb Ritu Verma Raman Ahuja Hemendra Mathur Ram Kaundinya Sannidhi Srinivasan Abhijit Goswami Rabo Foundation Bram Spann 🌱💡Dheeraj Mutreja Ankur Capital #agtech #agtechnology #foodtechnology #agbiotech #agfinancing #smallholderfarmers #precisionagriculture #climateresilience #investment #climatetech #farmtech #supplychain #controlledenvironmentagriculture

#visionary is what they said after winning the award but when the idea was born they said "You are #wasting time. Your Startup would fail, people don't care what they eat" Few months before our manufacturing was setup, we were waiting for our machines to come in, we had already started discussing ideas with farmers, Fpo's, foundations, private companies etc. Some were supportive saw it coming in next 10years, some said why you spending so much for a field which is dead and no one cares. In Just 29 months we are called #visionary . The New #Bharat is enlightened with the idea of #millet because we care for a better tomorrow. Good for our planet, good for income, good for health is clearly understood by generation especially after the declaration of international year of millets 2023 the campaign initiated by our Mentor Prime Minister Modi Ji. In Next decade the new face of food security will bring back our history culture and cuisines. We at Golden Millets & Fevolution Pvt Ltd are open to - Contract manufacturing - Exports - Distribution - White labelling - Product development R&D consultation. We Intend to create an Ecosystem around Millets to achieve United Nations SDGs in areas where it is directly required. #vasudhaivakutumbakam On 5th November we received an award on winning the Startup challenge by our president of India for presenting our solution about the problem of #low shelflife #postharvest and storage of millets in #Rural areas . A proud moment which we could not have dreamt of. Supporting system Ankur Singh Dr. B Dayakar Rao Shubha Thakur Nutrihub ICAR-IIMR Naresh Kumar FAO World Food India FICCI #IYOM23 #bajajfoundation NABARD - National Bank for Agriculture and Rural Development NSRCEL Indian Institute of Management Bangalore Goldman Sachs Womennovator CA Tripti Shinghal Somani (तृप्ति ) MOFPI Government of India #Assammilletmission D2C Insider #awardwinner #startup #presidentofindia #winner BBC News Startup India indianexpress.com #startupstories TEDx YourStory Media Inc42 Media Social Media

"Revolutionizing Indian Agriculture: The Agtech Surge" 🌱 The agtech landscape in India has exploded, growing from under 50 to over 1,500 startups between 2013 and 2023! 🚀 🌾 Agtech innovations span the entire value chain, from "super apps" to "agrifintechs" and large tech companies, promising a 25-35% increase in Indian farmers' incomes. 🚀 Government's Role: India is fostering tech and innovation in agriculture with initiatives like farmer collectivization, the "agristack" for personalized offerings, digital soil-health cards, and more. 💸 Investment Boom: Venture capital investment in Indian agtech companies has surged, reaching $1.2 billion in 2022 alone. Categories like downstream agtechs, end-to-end ecosystems, digital solutions, and precision agtech are attracting significant funding. 🌍 Global Perspective: Unlike the focus on innovative foods globally, India's agtech investment centers on financing and technology to improve agriculture practices and mitigate climate risks. 📊 Investor Criteria Investors consider market size, breadth of offerings, customer traction, scalability, and the "X factor" when evaluating new agtech technologies. Follow me for such content and insights about Agtech, fundraising and Startup ecosystem. #InvestorInsights #AgtechCriteria #TechInAgriculture #AgtechEcosystem #IndianAgriculture #TechInnovation #TechInAgriculture #GovernmentInitiatives #AgtechRevolution #GlobalAgtech #SustainableAgriculture #InvestInAgtech #AgtechInvestment #VentureCapital #AgricultureTechnology

🔔 Here's looking at you, 2024 🔔 The agritech sector in India is on track to be a $34 billion market opportunity by 2027. While the future is certainly bright, the startup space has been through the wringer over the last 18 months. There has been a lot of capital constraint and funding rounds have been slow, especially in the late stage. Despite the hardships, agriculture as a sector has remarkable fortitude and has proven to be a stable asset class. In a recent YourStory Media article, Subhadeep Sanyal talks about emerging trends, while Siddharth Dialani of BharatAgri and Devendra Gupta of Ecozen share valuable business insights from 2023. Read here 👉🏼 https://rb.gy/6x2s1n #agriculture #2024trends #2023trends #technology #agritech #innovation #lessonslearnt #future

#Agritech Snippets - Chapter 2 >𝟔𝟎% 𝐃𝐞𝐜𝐥𝐢𝐧𝐞 𝐢𝐧 𝐀𝐠𝐫𝐢𝐓𝐞𝐜𝐡 𝐒𝐭𝐚𝐫𝐭𝐮𝐩𝐬 𝐅𝐮𝐧𝐝𝐢𝐧𝐠 𝐢𝐧 𝐈𝐧𝐝𝐢𝐚: According to AgFunder's India AgriFoodTech Investment Report 2024, $940 Million funding has been received across 129 deals in agritech startups in India during the year 2023 but it was 60% less compared to $2.4 Billion in 2022. The '𝑾𝒉𝒚' 𝑭𝒂𝒄𝒕𝒐𝒓𝒔 include: 1. More Early stage Funding with lower valuations: 80% Early stage, 12% Growth and 8% Late stage startups gained funding 2. Concentrated to few categories: eGrocery & agribusiness Marketplaces are receiving constant funding than any other categories 3. Sharp Decline in Midstream Funding: due to the maturity or late stage of investments (Series B,C) 4. Change in Investors interest: More selective towards potential, profitability and sustainability of startups 5. Global Interest rates: Inflation issues, increasing cost of borrowing Credits to AgFunder & Omnivore for the informative report, which you can download in this link: https://lnkd.in/dC6pgJq5 Stay tune for Chapter 3 - Inspiring AgriTech Startups which received funding in 2023 Follow and Share Agritrends for more agricultural insights! Thank You!... #Agritech #agritechstartups #agtech #startups #indianagriculture #agriculture #farming #funding #agricultualinsights #agrinews