Home » Social Justice » Issues related to Rural Development » Agri-startups and Rural Economy » Current state of Agri-startups in India
- Despite a pandemic-hit year, agritech start-ups in 2020 saw over $300 million of investments.
- As per a recent study by Accel-Omnivore, funding in the agritech sector rose from $45.8 million in 2016 to $430.6 million in 2020—a 4x growth during this period.
- The number of such start-ups has shown steady growth with around 600-700 start-ups dominating the Indian agritech ecosystem.
- According to a Ken Research report,
- the Indian Agritech market was expected to grow at a CAGR (revenue) of 32 per cent from FY20 to FY25.
- Karnataka, Maharashtra and Delhi-NCR had the most number of Agri-tech start-ups in the country.
- It is estimated that $10bn will be invested in Indian Agri-tech start-ups over the next 10 years.
- Currently, 8% or 1294 of the total recognized start-ups in the country are in Agri startups space as per the Economic Survey of 2019-20.
- Of these, 54% are classified as Agri-tech while the rest are in the field of dairy farming, food processing and organic agriculture.
