In-depth Analysis of COVID-19 impact on the Indian Agritech Market: 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 The outbreak of the Corona Virus pandemic in early 2020 led to massive disruptions in various sectors and completely transformed the way industries used to function. As of April 27, 2021, the number of cases across the globe crossed 148 million and more than 3.12 million people lost their lives. India is one of the most badly hit nations due to the virus. The country is currently burdened under a deadly second wave, with average daily cases crossing 3 lakhs since April 22. The unprecedented rise in infections has left the country grappling, both economically as well as socially. Agriculture continues to be a prominent sector for the Indian economy as it is the primary source of livelihood for over 50% of the nation’s population and contributes ~19% of the country’s GDP. In FY’2020, the total production of agri products in India reached 347.4 million tones with the total gross value addition amounting to over INR 11 lakh crores. Rice and wheat continue to be the most widely cultivated crops across the country. Agriculture products also account for ~11-12% of India’s overall exports annually. Impact on Covid on the Agriculture Industry: Following the trajectory of most of the industries in India, Indian agriculture sector was hit by supply chain disruptions on the onset of the pandemic, despite food being an essential commodity. The lockdown delayed the harvest of the Rabi crop due to labour and machinery scarcity as well as restrictions on transport and movement. Despite favorable winter conditions and above normal output, the sudden disruption in supply chain resulted in losses on account of damaged crop and low profitability. Regardless, agriculture was the only sector to have registered a positive growth rate of 3.4% in the first quarter of FY’2021. Impact on Investment Activity in Agritech Sector: The investment in the agritech sector continued to spur despite the ongoing pandemic in 2020. Approximately 133 deals took place in the overall agritech space during 2020. Venture Capitalist, Omnivore, invested about ₹130 crores in 11 deals during the year as compared to ₹47 crores in seven firms, during 2019. Waycool, Ninjacart, Arya Collateral, Dehaat, Bijak, IntelloLabs, Clover Ventures, Cropin, Samunnati, Gramophone and Ergos were some of the major startups that received funding in 2020. The total investment in the agritech industry in 2020 crossed USD 300 million, growing at double digit growth rate of ~22% from 2019. Impact on Agritech Demand and Future Outlook: Amidst supply chain disruptions most agritech startups witnessed a spike in demand for services and adoption of tech solutions among farmers. Input access platform, Agrostar, saw the revenue generated through its app triple within 3 months post the Covid-19 outbreak. DeHaat’s agronomy advisory services segment saw a ~3X spike for digital advisory services and a ~3.5X jump in overall demand. Fresh produce supply chain startup, Ninjacart, saw a ~20% rise in their app-based ordering patterns and the company’s operations returned to pre-Covid levels in December 2020. Cropin witnessed a ~128% spike in viable leads, particularly for assisted traceability and remote monitoring solutions. The startup also saw a ~37% increase in deals closed online. To Know More about this report, download a Free Sample Report Many startups also innovated and launched solutions to help farmers. In April 2020, Ninjacart launched ‘Harvest the Farms’ initiative by partnering with hyper local delivery players such as Zomato, Dunzo and Swiggy to enable farmers to directly sell produce to end customers. BharatAgri shifted to hundred percent digital on-boarding of farmers, without having to rely on an on-ground team for customer acquisition. The covid-19 outbreak is acting as a catalyst and has got the momentum rolling for the growth of agritech in India. Tailwinds such as high level of investments, increasing rural internet penetration and financial literacy, growth in mobile connectivity are expected to stimulate the sector’s growth in the coming years. Basis all these factors, the agritech market in India is expected to grow at a CAGR of ~32.0% on the basis of revenue over the 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 Key Topics Covered in the Report:- Agriculture Overview, Agri Exports from India & Productivity Scenario Demand Analysis, Farmers’ Scenario & Pain Points of Farmers Need Analysis of Entities in Agribusiness Value Chain Overview and Genesis of India Agritech Industry Agritech Operating Model & Services Offered Trends and Growth Drivers in the Industry and Challenges Faced India Agritech Market Size and Segmentations, FY’2019-FY’2020 Investment Analysis of Agritech Industry Government Initiatives, Agri Reform Laws 2020 & Public Private Partnerships Industry Porter’s Five Forces Analysis Cross Comparisons between Agritech Players in Different Segments Future Market Size and Segmentations, FY’2020-FY’2025F Covid-19 Impact on the Industry, Future Trends & the Way Forward Analyst’s Recommendations For more information on the research report, refer to below link:- India Agritech Market Related Reports by Ken Research:- 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 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