Dwindling Farmer Income & Crop Yield in India Necessitating Technological Intervention and Emergence of Agritech Startups: Ken Research REQUEST FOR SAMPLE REPORT Buy Now Request For sample Report × Report Title Name Email Designation Phone No Comapny Name Comapny URL Country -- Please Select Your Country -- Afganistan Africa Albania Algeria Andorra Angola Anguilla Antigua and Barbuda Argentina Armenia Aruba Asia Australasia Australia Austria Azerbaijan Bahamas Bahrain Bangladesh Barbados Belarus Belgium Belize Benin Bermuda Bhutan Bolivia Bonaire Bosnia Herzegovina Botswana Brazil BRICS British Virgin Islands Brunei Darussalam Bulgaria Burkina Faso Cambodia Cameroon Canada Cape Verde Cayman Islands Central African Republic Central and South America Chad Chile China Colombia Comoros Congo Costa Rica Cote d'Ivoire Croatia Cuba Curacao Cyprus Czech Republic Denmark Djibouti Dominica Dominican Republic Ecuador Egypt El Salvador Equatorial Guinea Eritrea Estonia Ethiopia Europe European Union Falkland Islands Faroe Islands Fiji Finland France French Guiana French Polynesia Gabon Gambia Georgia Germany Ghana Gibraltar Global Great Britain Greece Greenland Grenada Guadeloupe Guam Guatemala Guerney & Alderney Guinea Guinea-Bissau Guyana Haiti Honduras Hong Kong Hungary Iceland India Indonesia Iran Iraq Ireland Isle of Man Israel Italy Ivory Coast Jamaica Japan Jersey Jordan Kazakhstan Kenya Kiribati Kosovo Kuwait Kyrgyzstan Laos Latvia Lebanon Lesotho Liberia Libyan Arab Jamahiriya Liechtenstein Lithuania Luxembourg Macao Macau Macedonia Madagascar Malawi Malaysia Maldives Mali Malta Man (Island of) Marshall Islands Martinique Mauritania Mauritius Mayotte Mexico Micronesia Middle East Minnesota Moldova Monaco Mongolia Monserrat Montenegro Morocco Morroco Mozambique Myanmar Namibia Nepal Netherlands New Caledonia New Zealand Nicaragua Niger Nigeria Niue North America North Korea Norway Oman Pakistan Palau Palestine Panama Papua New Guinea Paraguay Peru Philippines Poland Portugal Puerto Rico Qatar Reunion Romania Russia Rwanda Saint Helena Saint Lucia Saint Martin Saint Pierre and Miquelon Saint Vincent and the Grenadines Samoa Samoa (American) San Marino Sao Tome and Principe Saudi Arabia Scandinavia Senegal Serbia Seychelles Sierra Leone Singapore Sint Maarten Slovakia Slovenia Solomon (Islands) Somalia South Africa South Korea South Sudan Spain Sri Lanka Sudan Suriname Svalbard and Jan Mayen Islands Swaziland Sweden Switzerland Syria Taiwan Tajikistan Tanzania Thailand Timor Leste Togo Tonga Trinidad and Tobago Tunisia Turkey Turkmenistan Turks and Caicos Islands Uganda Ukraine United Arab Emirates United Kingdom United States Uruguay Uzbekistan Vanuatu Vatican City Venezuela Vietnam Virgin Islands Western Sahara Yemen Zambia Zimbabwe Requirement Submit Rising Number of Agritech Startups: The number of agritech startups in India has increased from ~350+ in 2017 to over 600 startups by the end of 2020. Most startups were incepted during 2015-2016 & later. 2015 alone saw the emergence of ~117 agritech companies. Karnataka, Maharashtra and Delhi-NCR are home to maximum number of agritech startups in India. Low Productivity of Indian Farms: Crop yield in India lags behind other major agri-producing countries, including USA, China and Brazil, in various crops such as maize, rice, cotton, tomatoes, etc. In 2019, India’s crop yield in rice and wheat, which are the two largely cultivated crops across the country, trailed behind US and China by 51.5% and 37.2% respectively. Farm mechanization rate in India is also significantly lower (less than 40%) than its developed counterparts in major activities such as seeding & planting, plant protection, irrigation, harvesting, threshing, etc. To Know More about this report, download a Free Sample Report Growing Rural Internet Penetration: The number of broadband internet subscribers in rural India reached 33.99 per 100 populations as of September 30, 2020 while the Rural tele-density of wireless subscribers stood at 58.7%. Farmers are also becoming social media savvy and using various platforms such as Facebook, Sharechat, Moj, etc. Agritech players are also leveraging these platforms to reach out to the farmers by partnering with rural influencers and entrepreneurs. Impact of COVID-19 on Agritech Industry: The outbreak of Covid-19 pandemic in the country in the beginning of 2020 impacted the agricultural industry in India with supply chain disruptions. This gave an opportunity to agritech startups to step in and serve the farmers as well as buyers in need. Many startups shifted to digital acquisition & on-boarding of farmers in the absence of field team during national lockdown. Supply chain startup, Ninjacart, launched ‘Harvest the Farms’ initiative and partnered with hyper local delivery players such as Zomato, Swiggy & Dunzo to enable farmers to sell their produce to consumers directly during the lockdown. Other agritech startups such as Agrostar, Dehaat & Gramophone also witnessed a 2x to 4x increase in demand and revenue during the period. Analysts at Ken Research in their latest publication “India Agritech Market Outlook to FY’2025-By Nature of Services (Input Market Linkage & Farming as a Service, Supply Chain, Post Harvest Management & Output Market Linkage, Precision Farming, Advisory & Analytics and Agri Fintech” observed that there has been a surge in the number of agritech startups in India in the last decade with factors such as growing smartphone & internet penetration in the rural areas positively impacting the industry’s growth. Technologies such as artificial intelligence, machine learning, IoT, geo tagging, satellite imagery, remote sensors, etc are being increasingly used to develop efficient solutions to solve the pain points of farmers. There has also been growing interest from venture capitals as well as international investors in the sector. The Agritech Industry in India is expected to grow at a CAGR of ~32% on the basis of revenue over the forecast period FY’2020-FY’2025. India Agritech Market (Basis Revenue):- India Agritech Market Segmentations By Nature of Services, FY’2019-FY’2020 (On the basis of Revenue) Input Market Linkage & Farming as a Service (FaaS) Supply Chain, Post Harvest Management & Output Market Linkage Precision Farming, Advisory & Analytics Agri Fintech By Region (On the basis of No. of Agritech Startups) Karnataka Maharashtra Delhi NCR Haryana Tamil Nadu Telangana Gujarat Others Agritech Startups Covered:- Input Market Linkage & Farming as a Service (FaaS) Agrostar Dehaat Gramophone EM3 Agriservices Gold Farm Bighaat Thanos Technologies Supply Chain, Post Harvest Management & Output Market Linkage Samunnati Agro Ninjacart Waycool Arya Collateral Dehaat Farmlink Crofarm Agrowave Precision Farming, Advisory & Analytics Cropin Satsure Analytics Intello Labs FarmERP AgNext BharatAgri Yuktix Technologies Fasal Agricx Agri Fintech Samunnati Financial Intermediation & Services Origo Finance Ergos Gramcover Aryadhan Financial Solutions Farmart Jai Kisan Poultry & Dairy Tech Milk Mantra Country Delight Stellapps Happy Cow Dairy Eggoz Mr. Milkman Mooofarm Key Target Audience:- Agritech Companies Input Manufacturing Companies Venture Capital Firms Independent Investors Industry Associations Rural Banks & NBFCs Government and Regulatory Bodies Time Period Captured in the Report:- Historical Period: FY’2019-FY’2020 Forecast Period: FY’2021-FY’2025 For More Information on the research report, refer to below link:- India Agritech Market Related Reports:- Myanmar Agriculture Machinery Market Outlook to 2025: Driven by Growth in Machinery Supply and Government’s Focus on Agriculture Mechanization in the Country Vietnam Agricultural Machinery Market Outlook To 2025 – Agriculture Tractor Market (By Type: 2W And 4W Tractors, By Power: Below 12 HP, 12HP-35HP, And Above 35HP, By Region: Central Highlands, North Central & Central Coast, Mekong Delta, Northern Midlands and Mountains, Red River Delta and South East), Combine Harvester Market, Rice Transplanters Market and Agriculture Implements Market (By Product Type: Rotavator, Plough, Harrow, Fertilizer Spreaders and Others) Tags: AgNext Advisory And Analytics Market Revenue, AgNext Precision Farming Market Revenue, Agri Fintech Startups India, Agriculture Industry India, Agricx Advisory And Analytics Market Sales, Agricx Precision Farming Market Sales, Agritech Industry In India, Agritech Investments India, Agritech Market In India, Agritech Startups Funding India, Agrostar Farming as a Service (FaaS) Market Revenue, Agrowave Output Market Linkage Market Sales, Agrowave Post Harvest Management Market Revenue, Agrowave Supply Chain Market Revenue, Arya Collateral Output Market Linkage Market Revenue, Arya Collateral Supply Chain Market Shares, Arya Post Harvest Management Market Shares, Aryadhan Financial Solutions Agri Fintech Market Revenue, BharatAgri Advisory And Analytics Market Size, BharatAgri Precision Farming Market Size, Bighaat Farming as a 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