Investment in India’s Agri-tech market grew exponentially at a CAGR of 178%. Read more to know the cause of it: Ken Research

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Investment in Indias Agri-tech market grew
exponentially at a CAGR of 178. Read more to
know the cause of it Ken Research India's
immense cargo-ecological diversity is the major
reason for making it a global agricultural
powerhouse. The agriculture sector is a
significant contributor to India's economy which
accounts for nearly 16 percent of the GDP and
employs 44 percent of the workforce
nationally. 1. Agriculture is the Backbone of
the Indian Economy and is witnessing Consistent
Growth in GVA over the Years
Click to Read Full Article India Agritech
Market The agricultural industry in India has
been growing over the years but has experienced
volatility and fluctuation. It is because market
growth depends on various factors such as
climatic conditions, crop productivity, weed
management, and pest and disease management. Due
to this, the satisfactory monsoon season in FY17
led to high growth in agricultural production
and the unfavourable monsoon in FY19 led to a
minor decline in agriculture production. 2. To
lower the dependency on climate and
socio-economic uncertainties and the growth of
Agri-tech Startups, the Indian government has
launched 500 crore accelerator programs
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To learn more about this report Download a Free
Sample Report Over 500 Agri-tech start-ups are
based in India and the number is consistently
rising. These start-ups have innovative ideas
that assist farmers in improving farming
techniques and increasing production. To
encourage these startups and promote technology
and digital disruption in the agriculture
sector, the government of India has been
proactively launching various schemes and
programs. Recently, Shri Narendra Singh Tomar,
the Union Minister of Agriculture and Farmers
Welfare of India announced that an Rs. 500 crore
accelerator program for taking forward and
popularizing the successful initiatives of Agri
Startups will be started. Moreover, the
government has also invested around INR 6.25 Cr
in 66 Agri-tech startups to spur the consumption
of millet in the country and the government has
also informed that another 25 startups have also
been approved for further funding. 3. The
investment from private equity investors has also
increased with178 in the Indian Agri-tech
sector owing to the rising popularity and support
from the government
Visit this Link Request for custom report The
landscape of investments in Indian Agri-tech
startups has changed drastically over the last
five years. Several venture capital funds, loan
funds, and angel investors have supported the
Agri-tech market in India. In 2020,
Bengaluru-based greenhouse Agri-tech startup
Clover announced that it had raised ? 7 Cr in
venture debt from Alteria Capital. Clover
partners with farmers across India and markets
premium quality, branded, greenhouse-grown fresh
produce through B2B and B2C channels. Moreover,
in 2022, Gurugram and Patna-based Agri-tech
platform DeHaat made it to the headlines as it
had raised 60 million in a new funding round.
In 11 states, 110,000 villages, and more than 150
ZIP codes around India, DeHaat uses artificial
intelligence to assist 1.5 million farmers with
sourcing raw materials, locating advising and
financing services, and marketing their harvests.