• In India over 40 IoT startups are dealing with smart agriculture, while a majority of them are in research and development (R&D) phase, a few large-scale farmers have started implementing these IoT products on their farms for better output.

  • In the last five years, more than five global agritech companies have ventured in India, as compared to more than 25 Indian agritech companies with global presence.

  • As of June 2019, the sector has received more than $248 million funding, a rise of 300% as compared to the previous year.

  • India is home to more than 450 startups in the agriculture technology sector, of the global total of about 3,100.

  • There are 2,477 APMCs and 4,843 submarket yards regulated by the respective states in India. Leveraging technology for implementation of agri logistics platforms such as e-NAM and e-mandis.

  • The e-FMCG market was estimated to be USD 600 Mn in 2016 and is set to grow and reach USD 4 Bn by the end of 2022.

  • Efforts to create supply chain efficiency are the focus of more than 50% of the India’s booming agritech industry, which has received 300% more funding in the first half of 2019 than in the whole 2018.

  • The government also launched the multilingual mobile app ‘CHC-Farm Machinery’. Currently 133,723 pieces of agricultural machinery available for rent are registered on this mobile app. 2,300 CHC’s have been established in 2019-20.

  • For 2019-20 the government set aside USD 85 million (€ 77 million) for farm mechanization.

  • Indian Space Research Organization (ISRO) is building more remote-sensing satellite capacity as it looks to expand space-based agricultural forecast to cover over 23 crops from the existing eight in the country.

  • The Indian agricultural services and machinery sectors have cumulatively attracted foreign direct investment equity inflow of about US$2,278.3 million from April 2000 to March 2016.

register now