Agri-Tech Business Raising Funds In Pune

About Business

Product Summary

Their products and services aim to revolutionize agriculture by providing advanced technology for both farmers and small business owners in the field.

For Farmers
- Satellite Imaging: Helps monitor soil health, check crop conditions, and track weather changes.
- Precision Farming Tools: Makes it easier to use resources efficiently and improve yields.

For Micro-Entrepreneurs
- Market Analysis Tools: Provide insights to identify new opportunities, expand their business, and boost profits.
- Inventory Management Systems: Help organize stock better and cut down on losses.

By using these smart tools, they help farmers grow sustainably and support entrepreneurs in running successful businesses.

Technology-driven agritech platform operating in Maharashtra empowering farmers and buyers efficiently.

Clientele type

The firm work with farmers from many parts of the world, showing how their services benefit agricultural communities globally. They are dedicated to supporting farmers everywhere and have built a network that connects beyond borders.

Premises

LEASED

Lease per month (in INR): 3.00 L

Security Deposit (in INR): 12.00 L

Carpet Area: 2,000 sq ft

Their registered office is in a an upmarket residential neighborhood in the city of Pune.

Asking Price Includes

The are offering an interest of around 16%

Reason

They are raising funds to fuel their ongoing expansion process.

More Details

About the company:
The company is a leader in sustainable agriculture and rural development in India, focusing on empowering farmers with the tools, knowledge, and resources needed for profitable and sustainable farming. With extensive experience supporting farmers nationwide, it addresses various challenges through programs like market linkages, access to quality inputs, technology adoption, and capacity-building. Their commitment to improving the lives of farmers and rural communities remains strong.

Business Summary

The company has demonstrated impressive growth in revenue, increasing from ₹45 lakhs in FY 2021-22 to ₹45.14 crores in FY 2022-23, and further achieving ₹46.79 crores in the first half of FY 2023-24.

The company has achieved remarkable growth, with revenue increasing from ₹45 lakhs in FY 2021-22 to ₹45.14 crores in FY 2022-23, and further reaching ₹46.79 crores in the first half of FY 2023-24. Their real-time advisory services have gained significant traction, with 250,000 app downloads, over 170,000 active users, and more than 20,000 farmers paying for the Farm Monitoring Solution. Additionally, 33,000 farmers have been onboarded for this service, showcasing its widespread adoption.

In the input marketplace, the company has successfully delivered over 150,000 units of agricultural products while collaborating with 500+ agri-input retail partners. On the farm produce front, they have procured over 7,500 metric tons of pomegranates, onions, and grapes. The processed onion trade has also contributed to their success, with 5 tons traded, generating a value of ₹5 lakhs.

Operations were initiated in Maharashtra, leveraging the state’s position as a leading agricultural hub, particularly in the Solapur and Pune regions, known for the cultivation of pomegranates, grapes, onions, and vegetables. Maharashtra plays a crucial role in India’s agricultural landscape, contributing 70% of the country’s grape production, 55% of pomegranate production, and 42% of onion production.

Looking ahead, the company sees significant potential in strengthening input supply chains and is planning to expand operations into Gujarat, Rajasthan, and Karnataka, capitalizing on similar agricultural opportunities in these states.