To discuss the opportunities in the Indian agrifood sector, Inc42, in association with Japanese investment firm Mistletoe, organised the Farm to Fork event last week in Bengaluru. The event brought together the agrifood ecosystem fraternity – startups, investors and experts under one roof. At the event, Taizo Son, Founder & Chairman, Mistletoe also unveiled Gastrotope, an accelerator platform to help succeed agrifood startups.
“India’s agrifood or farm to fork sector offers huge potential for all sort of startups. However, to encash the potential, we need to build and integrate the entire ecosystem first,” said Vaibhav Agrawal, Founder & CEO, Inc42 in his opening remarks. Taizo Son, later, during the Keynote session shared his 23-year-long inspiring journey as an entrepreneur and investor. Taizo spoke about the most important aspect of every startup, accomplishment vs mistakes. Speaking about his own journey, he said,
“For every success, I had to go through almost two failures.”
Farm To Fork: A Background
India is the second largest food producer country in the world. Agrifood sector contributes 35% in the GDP. However, the harsh truth is that 40% of the food produced gets wasted, costing $15 Bn (INR 964 Bn) every year. According to the US Department of Agriculture Analysis, India’s Coarse Grain Area, Yield, and Production is going down by 4.76%. A high time for startups and investors to take charge and pump up innovations and integrate the entire ecosystem.
Taking steps in the agriculture sector, earlier in May 2017, Inc42 had organised an AgriTtech Investors Roundtable in Delhi. This time around, it took the harbinger’s task by extending the magnitude of the roundtable to the Farm to Fork event. Thus providing an apt platform to let startups and investors voice their opinions through un-conferencing and panel discussions. The event also showcased seven startups working across the farm to fork life cycle, which provided them with an opportunity to present their ideas to investors and other members of the fraternity.
Facing Challenges, Building Sustainable Businesses Across The Agrifood Lifecycle
The event kickstarted with a panel discussion which included startup founders working across farm to fork life cycle. Titled around “Facing Challenges, Building Sustainable Businesses Across The Agrifood Lifecycle”, the session, moderated by Vaibhav included the following panelists: