India’s Agritech Market Landscape Report, 2021

Covid-19 has been a terrible human tragedy, but acted as a catalyst for rapid social change. Trends that grew steadily over two decades, including e-commerce, WFH, and food delivery, suddenly surged into ubiquity as lockdowns commenced across the globe. The situation in India has been similar, albeit further complicated by poverty and weak public health systems.

India’s lockdown had the unintended consequence of accelerating the country’s up-and-coming agritech ecosystem. In the last four years, agritech startups in India witnessed unprecedented growth alongside rising interest from the VC investor community. Leveraging 4G connectivity and rising smartphone penetration, agritech entrepreneurs built farmer platforms, B2B agri marketplaces, rural fintech businesses, and farm-to-consumer (F2C) brands. But this dynamic ecosystem represented only a small part of Indian agriculture and reached less than 20% of Indian farmers.

Download This Report

Quoted & Trusted By

Key Highlights

1000+

Number of agritech startups in India, 2020

$467 Mn

Funding raised by Indian agritech startups during 2014 to H1 2020

56%

Contribution of farming towards agriculture GVA in FY20

$24.1 Bn

Agritech Market Potential In India, 2020

~1%

Agritech Penetration In India, 2020

TOC SUMMARY

Scope Of The Report
Executive Summary
Introduction
Agriculture In India: Overview
The State Of Agriculture In India
Factors Driving The Growth Of Agritech
India’s Agritech Startup Landscape
Agritech In India: Key Highlights
India’s Agritech Market Size
Agritech Startup Launches
Agritech In India: Sub-Sector Landscape
Agritech Market Segmentation
Prominent Agritech Models
Agritech Funding Landscape In India
Competitive and Financial Landscape Of Agritech Startups
Market Linkage
FaaS (Farming-as-a-Service)
Farm Inputs
Agri-Fintech
Precision Agriculture
Industry Analysis Of Agritech Market In India
SWOT Analysis
Growth Drivers For Agritech Market In India
Issues & Challenges In Indian Agritech Market
Which Tech Indian Farmers Using?
How Policies Are Shaping India’s Agritech Landscape
Rise Of Hydroponics in India
Agritech Trends For 2021 & Beyond
Analysts’ Recommendation
Methodology
Bibliography

Summary

With over 50% of India earning its livelihood from agriculture, India’s agritech revolution not only has a massive opportunity but also will influence the lives of over half a billion people. India’s agritech market is estimated to take off and reach 24.1 Bn by 2025.

The growth in the agritech market over the past few years can be attributed to the rise in digital infrastructure, increasing rural internet penetration, soaring farmers interest in agritech, rise in investors’ confidence and support from the central as well as the state government .

New trends and opportunities have also driven the agritech industry in India. These include the rise of hydroponic farming,growth of B2B platforms and marketplaces, emergence of farm to consumer brands, growing adoption of precision agriculture and more. The agritech market is expected to flourish in the next couple of years due to rise in farmers’ tech awareness, diversified agritech models, advancements in technology, growing number of agritech startups and the technology they have built.

Stay on top - Get the daily news from Inc42 in your inbox