Growing Rural Smartphone Penetration, Technological Advancements and Infrastructural Expansion to Stimulate the Growth of Agritech Industry in India: 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 In January 2021, Cropin raised $20 mn in a Series C funding round led by Singapore-based PE firm, ABC World Asia. The company aims to use the latest funding for global expansion & driving the European market. Agritech startup Dehaat acquired FarmGuide, a B2B Software as a Service (SaaS) platform, in February 2021. The company plans to integrate FarmGuide’s spatial technology and data science with DeHaat’s existing platform to build a full-stack platform for agribusinesses. Indore based Gramophone, added a ‘Vyapar’ section to its platform to venture into the output linkage segment and help farmers connect with buyers and sell their produce directly. The startup also plans to expand its presence to Maharashtra, Uttar Pradesh, Telangana, Karnataka and Tamil Nadu by the end of FY’2022. Augmented Investor Interest: There has been exponential growth in the investments received by startups in the recent years and the momentum is expected to continue for the next few years. Various venture capitalist firms such as Omnivore, Accel, Ankur Capital, Sequioa, Avishkaar, Lightbox among others have been heavily funding startups across all stages. The investment in the sector crosses USD 300 million during 2020, witnessing a CAGR of ~178% over the period 2014-2020. During 2020-2021, various startups such as Waycool, Ninjacart, Dehaat, Arya Collateral, Cropin and more received investments. Increasing Rural Smartphone Penetration: Approximately 410 million new smartphone users are expected to be added to India’s current user base by 2025, with majority demand coming from rural areas. Factors such as accessibility in vernacular languages and demand for consumption of entertainment content through videos and audio are contributing to double digit year-on-year growth in rural smartphone users. This growth will lead to higher number of agriculture related apps being downloaded and in turn is expected to stimulate higher adoption of agritech solutions in future. Geographical Expansion: Agritech start-ups are expected to expand their geographical presence to various states across India most initial pilot projects in few states. The move would enable platforms to increase their penetration & establish a stronger brand name in farming communities. Precision farming, advisory and analytics players are expected to also focus on international expansion. 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 Request For Sample Report @ https://www.kenresearch.com/sample-report.php?Frmdetails=NDM0MTM4 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:- 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) Contact Us:- Ken Research Ankur Gupta, Head Marketing & Communications Support@kenresearch.com +91-9015378249 Tags: Agri Fintech Companies in India, Agritech Investors In India, Agritech Operating Model In India, Agritech Players In India, Challenges In Growth Of India Agritech Business, Competitors In India Agritech Industry, Delhi NCR Agritech Market, Emerging Companies In India Agritech Market, Entry Of New Players In India Agritech Sector, Farming as a Service in India, Farming Solutions Providers In India, Financing Companies In India Agritech Sector, Haryana Agritech Market, India Agribusinesses Companies, India Agritech Industry, India Agritech Sector, Investment In Agri-Tech Startups India, Investment In India Agritech Industry, Leading Players In India Agritech Market, Major Players In India Agritech Market, On-Demand Machinery Rental Business In India, Tamil Nadu Agritech Market, Top Agritech Start-Ups In India, Top Companies In India Agritech Market, Venture Capital Firms In India Agritech Sector