Did you know that by 2025, the market of agriculture startups in India is expected to grow to a value of 24.1 billion? Furthermore, Indian agriculture startups foster sustainable development by advancing climate-resilient farming and ecosystem conservation. In addition, they support inclusive growth by empowering smallholder farmers, women, and marginalized communities. This empowerment implants resilience and prosperity in rural areas.
Here’s the list of the top five agriculture startups in India based on their revenue.
- DeHaat
- Co-founders: Shashank Kumar, Shyam Sundar Singh, Amrendra Singh, Adarsh Srivastava, Abhishek Dokania
- CEO: Shashank Kumar
- Founded: 2012
- Location: Patna, Bihar, India.
- Revenue: 1,996.9 Cr INR (2023)
- Official Website: https://agrevolution.in/
DeHaat streamlines connections between farmers, customers, and suppliers through a unified platform. As an online marketplace, it provides farmers with a comprehensive range of agricultural products and services.
Furthermore, DeHaat stands out as one of the few enterprises delivering end-to-end solutions to India’s farming community. Consequently, it has emerged as one of the most rapidly expanding startups in the agritech sector.
In order to transform the agricultural industry’s supply chain and production efficiency and develop AI-enabled technology. As of right now, the company serves more than 2,65,000 farmers in the eastern Indian states of Bihar, Uttar Pradesh, and Odisha. By 2024, the startup expects to have served 5 million farmers.
Founded by former students from prestigious universities such as IIT Delhi, IIT Kharagpur, and IIM Ahmedabad. Currently a fully funded start-up, DeHaat is growing three to four times a year. Over the course of the last eight years of our activities, we have had a great influence at the grassroots level, as acknowledged and celebrated by Forbes and the Bill Gates Foundation.
- Ninjacart
- Co-founders: Kartheeswaran KK, Ashutosh Vikram, Sharath L, Sachin Jose, Vasudevan C, Thirukumaran Nagarajan
- CEO: Thirukumaran Nagarajan
- Founded: 2015
- Location: Bangalore, Karnataka, India
- Revenue: 1,153.5 Cr INR (2023)
- Official Website: https://www.ninjacart.com/
Ninjacart, one of the largest agriculture startups in India, is actively transforming the agri sector. Notably, their aim is to improve the lives of agricultural citizens. To achieve this, they are developing solutions related to finance, commerce, and fulfillment. This is done through the innovative use of technology, creativity, and ideas.
The company’s primary goal in the agri-ecosystem is to support rather than replace farmers, traders, retailers, and, in the end, the final customer. The company develops new product categories and consumer groups by utilizing its skills and resources. It also tackles complicated supply chain issues in the supply-to-sales journey.
As of right now, the company has products such as Ninjacart for retailers, and Ninja Mandi for merchants. They also have Ninja Global for importers and exporters. Ninja Kisaan is used for farmers that are tailored to each market segment and its particular demands.
The ultimate goal is to create the most dependable, effective, and inclusive AgriTrade network. Leaders and visionaries all across the world who have trusted in the mission have supported Ninjacart since its founding in 2015.
- Bijak
- Co-founders: Mahesh Jakhotia and Nukul Upadhye
- CEO: Nukul Upadhye
- Founded: 2019
- Location: Gurgaon, Haryana, India.
- Revenue: 807 Cr INR(2023)
- Official Website:https://bijak.in/
Bijak, established in April 2019, is a B2B platform that connects buyers and suppliers within India’s agricultural value chain. Its primary objective is to enhance accountability and rectify information disparities in the trade of agricultural commodities, fostering a more transparent and efficient market for all stakeholders involved. Bijak has grown over 22 states, 400 areas, and more than 80 commodities since its start.
The company is rapidly expanding with a lean team of over 60 employees. In India, where B2B dealers control 80% of the USD 300 billion agri-value chain, access to credit, information, and technology is limited. However, Bijak introduces a layer of trust and reliability, enabling customers to transact smoothly by understanding each other and leveraging the counterparty’s rating.
Through the application, providers and buyers can find each other’s meta-data to facilitate faster and more reliable transactions, in addition to being able to transact or discover each other. Renowned international investors who have backed unicorns and helped businesses go public worldwide support Bijak.
- AgroStar
- Co-founders: Shardul Sheth and Sitanshu Sheth
- CEO: Shardul Sheth
- Founded: 2013
- Location: Pune, Maharashtra, India
- Revenue: 260.4 C INR(2022)
- Official Website: https://www.corporate.agrostar.in/
AgroStar, a prominent AgTech startup in India, aims to empower farmers with extensive agricultural solutions. By leveraging agronomy advice and agricultural inputs from AgroStar’s tech platform, farmers can significantly boost their yield and profits. The startup integrates vast data, cutting-edge technology, and agronomy knowledge to deliver optimal solutions to the Indian farming community.
With more than 5 lakh farmers using its digital platform, AgroStar presently conducts business in the states of Gujarat, Maharashtra, and many other states. Farmers in these states can access agri-solutions for the entire crop life cycle simply by making a ‘missed call’. This service specifically targets farming needs and ensures that comprehensive support is just a call away.
The company’s five-year plan is to continue enriching farmers’ lives. By delivering a broad range of inputs directly to their homes, and providing excellent agronomy advice, they aim to sustainably support the agricultural sector.
- Cropin Technology Solutions
- Founder: Krishna Kumar
- Founded: 2010
- Location: Bangalore, Karnataka, India
- Revenue: 39.1 Cr INR.(2022)
- Official Website: https://www.cropin.com/
Leading full-stack AgTech company CropIn Technology Solutions offers clever SaaS-based solutions to agricultural companies worldwide in order to increase efficiency everywhere.CropIn is a self-evolving, intelligent, and intuitive technology that provides the whole agriculture industry with farming solutions that are ready for the future.
The company provides agribusinesses with decision-making tools that increase sustainability, consistency, and dependability. The startup is swiftly digitizing farms and managing data across the ecosystem.
With its capabilities, it provides live reporting, analysis, and insights that span multiple geographies. Moreover, it delivers smarter agricultural solutions powered in real-time, which allows stakeholders to track patterns, predict trends, and strategize for the future effectively.
Conclusion
In conclusion, it can be claimed that agriculture startups in India are the ones who will be most important in assisting farmers in utilizing technology to nearly double their revenue. Despite the current obstacles, we believe that these agriculture startups in India may offer significant solutions.
These innovations aim to enhance efficiency, transparency, and profitability across the entire agricultural process, from farm to market. By integrating technology, they’re transforming traditional farming into a data-driven, smart farming ecosystem.
