Monthly Archives

September 2015

10 technological innovations that are revolutionizing Indian agriculture

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10 technological innovations that are revolutionizing Indian agriculture

The Minister of State for Agriculture Tariq Anwar had said that as per estimates by the Central Statistics Office, the share of agricultural products/agriculture and allied sectors in the country’s Gross Domestic Product (GDP), which was 51.9 per cent in 1950-51, has come down to 13.7 per cent in 2012-13. That contribution is abysmally low for a sector that employs about 50 per cent of the country’s population. However, this is mainly due to the farmers’ inability to generate income from their crops and curb their growing debt.

What can we do about it? Some startups came up with an innovative answer to that question.

Ag Tech Startups Are Invading The Enormous Farm Industry

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Ag Tech Startups Are Invading The Enormous Farm Industry

Tech companies are gradually changing farms and making agriculture more efficient.

We used CB Insights data to analyze ag tech trends, which we define as technology increasing the efficiency of farms, in the form of software, sensors, aerial-based data, and internet-based distribution channels (marketplaces).

Omnivore eyes $70m for second India fund

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Omnivore eyes $70m for second India fund

Omnivore Partners, an agtech-focused Indian venture firm, is eyeing a final investment from its debut fund and will begin raising its second fund early next year.

Jinesh Shah, founding partner at Omnivore, told Agri Investor that the firm’s first fund  has made 11 investments and is looking to bring its total to 12, at which point it will be fully invested and the firm will move into fundraising mode.

Private equity plows into new territory with move to agribusiness

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Private equity plows into new territory with move to agribusiness

Private equity and venture capital firms are going down to the farm, moving into the agribusiness and agriculture technology sectors in a big way.

The smallish sector is gaining steam as asset owners seek investments that provide current income as well as returns. While private equity firms previously have invested opportunistically in agriculture and agribusiness out of their main funds, a growing number now are raising funds dedicated to the sector.

Venture capital funding in agri start-ups picking up in India: Omnivore Partners

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Venture capital funding in agri start-ups picking up in India: Omnivore Partners

Venture capital funding in agri start-up firms is picking up in India and is expected to increase in the coming years, agriculture and food-tech focused venture capital firm Omnivore Partners said today.

Lack of institutional funding through banks and Non- Banking Financial Company (NBFC) has prompted entrepreneurs to go for venture capital even at high cost, it said.

“There has been increase in VC funds flowing in start-up companies operating in the field of agriculture. We have made investment in atleast 11 firms including weather forecasting company Skymet,” Mumbai-based Omnivore Parters, Founding Partner Jinesh Shah told on the sidelines of a CII event.