Agriculture technology startups in India are increasing with a rate of 25% year on year, according to NASSCOM (National Association of Software and Service Companies) report. India currently has more than 450 agritech startups. The massive growth of 300% is witnessed as compared to previous years by receiving about 248 million USD (United States Dollar) of funding. These startups are developing various farm management solutions with advanced technologies such as IoT (Internet of Things), ML (Machine Learning), and AI (Artificial Intelligence) in agriculture. There are about 42 startups in India who are dedicated to modern AI agriculture technology.
CropIn technology is a Bangalore based startup that has developed a complete farm management suite using SaaS (Software as a Service) based technology. AgNext was found in 2016 in Mohali, and it focuses on the development of a monitoring platform to improve food quality. Zentronlabs provides automated visual checking in manufacturing, food and agriculture industries using AI in agriculture. Intello Labs uses image processing in agriculture technology that provides insights on crop’s health. TartanSense offers image analytics using UAV (Unmanned Aerial Vehicle) based technology. Except for AgNext, other mentioned startups are based in Bangalore, making Bangalore a hub for startups. India has the most startups in agriculture technology, and Bangalore is at the top in hosting these startups.
The Wolkus Technology Solutions has an IoT platform enabled in AI in agriculture for farm management solutions such as recording farm conditions and provide predictions to enable farmers to manage future activities efficiently. Farmguide has developed agriculture technology to build a database of collected data from fields. This data is processed for various clients such as farmers, banks, commodity players, input providers, managers, and supply chain providers. Agricx Lab has AI-based SaaS stack solution and variety of farm management solutions. Nebulaa’s Matt uses advanced agriculture technology such as computer vision and deep learning and provides a crop quality assessment system.
There are so many other startups that are incubated under parent companies or under the government schemes and doing their research and experiments to bring best farm management solutions and advanced still affordable agriculture technology customised for Indian farmers. Startups are and will be playing a key role in changing the face of Indian agriculture soon. Youth’s interest in agriculture is changing due to their changed attitude towards farming. Previously farming was just for survival, today it is looked for an opportunity for business. The efforts of youth and support from the government, non-government organisations will together make Indian agriculture great!