[APN NEWS] Agritech Startups: A ray of hope in Indian Agriculture
The rapidly expanding agritech industry has a lot of potential to help Indian agriculture and eventually increase farmer incomes. India currently has 450 Agritech startups, and NASSCOM estimates that this number will increase by 25% annually. AgriTech startups have become a ray of hope in Indian agriculture, as well as a gateway to innovation in this sector, in this era of the unicorn business ecosystem. AgriTech startups are developing relevant and innovative solutions to a variety of problems encountered throughout the agricultural value chain. Let’s take a look at the startups that are changing the Indian agriculture landscape.
Aquaconnect – Founded by Rajamanohar Somasundaram, Aquaconnect is a full-stack aquaculture platform with embedded fintech that uses Satellite remote sensing and Artificial Intelligence to enable aquaculture farmers, retailers, and seafood buyers increase access to formal credit, farm inputs and post-harvest markets. Their unique tech solutions supercharge the entire aquaculture value chain and help build predictability and transparency into the value chain thereby making it efficient. Aquaconnect is funded by HATCH-Norway, India’s pioneer Agritech VC Omnivore, Japan’s Rebright Partners, Flourish ventures, AgFunder, 6G Capital, Trifecta Capital and Lok Capital.