Founded in 1982 by Manohar Lal Patidar, Shakti Pumps, now led by Dinesh and Ankit Patidar, delivers solar and electric pumps, motors, and sustainable water-energy solutions globally.
With over 30,000 FPOs in its outreach network, 6,500 engaged in active transactions, and a footprint that integrates 8 million farmers, Samunnati has developed a system that not only "signifies deep trust across the agricultural ecosystem," but also operationalizes "inclusive, last-mile connectivity through FPOs."
The program, supported by MeitY Startup Hub, aims to harness artificial intelligence (AI) to tackle global challenges across sectors like healthcare, climate change, agriculture, education, financial inclusion, and infrastructure.
Digital payments, alongside e-commerce, have seen rapid evolution over the recent years in India's rural depths and Shah is of the opinion that the aforementioned foundation has "enabled unprecedented financial inclusion, with over 450 million bank accounts opened and widespread Aadhaar-based authentication supporting remote KYC processes."
Overall, agriculture experts have applauded the budget for boosting research, introducing new varieties of crops, promoting natural farming, and empowering the Atmanirbharta initiative
The water storage in the major reservoirs and river basins in the country has dropped less than the average storage recorded in a decade for the corresponding period.
The fund raised will be used to build strong product development team, for more profound research, and to accelerate the productionizing and commercialization of MVP
Funds will be utilized to build strong business and engineering teams, develop a suite of digital services for the processed agriculture marketplace and ramp up customer traction in targeted value chains across various locations in India
Gramophone's focus is on developing robust B2B retailer network and platform as they look to improve the profitability of farming ecosystem across India
As a part of the agreement, Abu Dhabi Investment Office (ADIO) will provide financial and non-financial incentives totaling to $41 million to Pure Harvest Smart Farms, FreshToHome and Nanorocks
The scheme will provide better warehousing and cold storage facilities for farmers and will also create new jobs as food processing, and post-harvest facilities will be set up in rural areas
In an online conference by Entrepreneur India, five individuals shared their thoughts about how the agritech space has been affected by the Coronavirus outbreak, and discussed ways to revamp the market.
Now is a great opportunity for governments, both at the Centre and states, to recalibrate funds and shift focus on the primary sector, specifically on agriculture
Plant discipline has a significant position in serving farmers use our planet's prized natural capital sensibly to nourish the rising world population. Ensure how modernization in technology is helping farmers produce supplementary food whilst conserving our environment.
The round saw the participation of Omnivore as well as existing investors Accel and Mayfield. The Bengaluru-based start-up said it would use the new funds to grow its farm network, enter new cities, and diversify fresh produce offerings.