Hexgn’s Top 10 Agritech Startups in South Asia for 2023
With their disruptive solutions, these agritech startups are transforming the way farmers operate, connecting them to valuable resources, empowering them with knowledge, and facilitating access to markets. Hexgn's recognition of these startups highlights their immense potential and the positive impact they are making in shaping the future of agriculture in South Asia.
Hexgn’s list of Top 10 Agritech Startups in South Asia for 2023 showcases the most innovative and promising companies that are revolutionizing the agricultural landscape. These startups leverage cutting-edge technologies and novel approaches to address key challenges in the industry, ranging from enhancing farming practices and improving supply chain efficiency to promoting sustainability and reducing food waste. With their disruptive solutions, these agritech startups are transforming the way farmers operate, connecting them to valuable resources, empowering them with knowledge, and facilitating access to markets. Hexgn’s recognition of these startups highlights their immense potential and the positive impact they are making in shaping the future of agriculture in South Asia.
MoooFarm (India): Revolutionizing Dairy Farming
MoooFarm, an innovative startup headquartered in Gurugram, Haryana, India, is making a noteworthy impact in the realm of dairy farming. The brainchild of Aashna Agarwal and Abhishek Agarwal, MoooFarm was founded in 2018 and has since then transformed the traditional dairy farming practices with its digital-first approach.
The comprehensive suite of services offered by MoooFarm are revolutionizing the way dairy farmers manage their livestock and business operations. MoooFarm’s digital cattle registry, for instance, simplifies livestock management for farmers by allowing them to meticulously record and track the lifecycle of each cattle, including their health records, vaccinations, and breeding history. The unique feature Bahi Khaata takes this digitization a step further, enabling farmers to accurately monitor their revenues and expenses.
To facilitate ease of trading and procurement, MoooFarm has an integrated e-commerce platform. Here, farmers can conveniently buy and sell cattle, and procure essential dairy farming inputs such as feed, medicines, and equipment.
Another unique service provided by MoooFarm is access to financing. In collaboration with banks and financial institutions, the startup assists dairy farmers in securing loans and availing other financial products, which greatly supports their business growth.
MoooFarm’s platform also connects farmers with certified veterinarians for timely consultations and home visits, ensuring the health and wellbeing of the livestock. Furthermore, the startup takes an extra leap by offering educational resources such as e-learning videos, webinars, and panel discussions to empower farmers with necessary knowledge and skills.
At its core, MoooFarm’s mission is to uplift the productivity and profitability of dairy farmers through the strategic use of education and technology. This dynamic approach and consistent performance have led MoooFarm to be recognized in Hexgn’s list of Top 10 Agritech Startups in South Asia for 2023. It continues to garner significant financial backing, raising over $1 million from renowned investors such as Omnivore Partners and Accel Partners.
Aquaconnect (India): Empowering Aquaculture through Technology
Aquaconnect, a pioneering startup in the aquaculture industry, is revolutionizing the way farmers, traders, and buyers connect and operate in the global aquaculture value chain. Founded in 2018 by a team of aquaculture experts and technologists, Aquaconnect aims to democratize aquaculture by leveraging advanced technologies such as artificial intelligence (AI) and satellite remote sensing.
At the core of Aquaconnect’s offerings is their full-stack tech platform, which seamlessly integrates data, analytics, market linkages, and financing services. By harnessing the power of AI and satellite remote sensing, Aquaconnect brings transparency and efficiency to the aquaculture sector, making it more sustainable and equitable for all stakeholders.
One of Aquaconnect’s key strengths lies in its robust data and analytics capabilities. The platform collects and analyzes vast amounts of data on aquaculture production, prices, and market conditions from diverse sources such as satellite imagery, weather data, and government statistics. This wealth of information provides farmers with valuable insights to make informed decisions about their operations, optimize productivity, and improve profitability.
In addition to data and analytics, Aquaconnect excels in facilitating market linkages. Through their platform, aquaculture farmers gain access to a wide network of buyers and traders, both domestically and internationally. This creates opportunities for farmers to secure the best prices for their products and enables buyers to source high-quality aquaculture products at competitive rates. By bridging the gap between producers and consumers, Aquaconnect fosters transparency and efficiency in the marketplace.
Furthermore, Aquaconnect understands the importance of financial support for the growth and development of aquaculture businesses. The startup collaborates with financial institutions to offer tailored financial products, including loans, to aquaculture farmers. This strategic partnership helps farmers access the necessary capital to expand their operations, adopt sustainable practices, and enhance their overall productivity.
The success of Aquaconnect is evident from its widespread adoption and global reach. Currently, the platform is utilized by aquaculture farmers and businesses in more than 20 countries, transforming the industry on a global scale. Aquaconnect’s commitment to innovation and impact has garnered significant attention and recognition, with the startup securing over $10 million in funding from reputable investors such as Aqua-Spark, BlueYard Capital, and 500 Startups.
Headquartered in India, Aquaconnect boasts a talented team of over 50 employees who are dedicated to driving positive change in the aquaculture sector. The company’s platform is designed to cater to a diverse audience, with multilingual support in English, French, Spanish, and Chinese. Notably, Aquaconnect’s groundbreaking work has gained considerable media coverage, with features in prestigious publications like The Economist, The Financial Times, and Forbes.
As a testament to its excellence, Aquaconnect proudly holds a place in Hexgn’s list of Top 10 Agritech Startups in South Asia for 2023. This recognition further underscores the profound impact Aquaconnect has made in reshaping the aquaculture landscape and its unwavering commitment to leveraging technology for the greater good.
In conclusion, Aquaconnect’s innovative approach and comprehensive platform have empowered aquaculture farmers, traders, and buyers worldwide. By leveraging AI, satellite remote sensing, and a deep understanding of the industry, Aquaconnect has paved the way for sustainable growth and increased efficiency in the aquaculture value chain. With their continued dedication and impact, Aquaconnect is set to shape the future of aquaculture, creating a more transparent, interconnected, and prosperous industry.
EGGOZ (India): Empowering Farmers and Delivering Freshness to Your Doorstep
EGGOZ, India’s premier online platform for farm-fresh eggs, is revolutionizing the way consumers access high-quality eggs while empowering rural egg farmers. Founded by IIT Kharagpur alumni Abhishek Negi, Uttam Kumar, and Aditya Singh, EGGOZ Nutrition is committed to bridging the gap between farmers and consumers, ensuring sustainable practices and delivering freshness directly to customers’ doorsteps.
At the heart of EGGOZ’s offerings is their collaboration with rural egg farmers. By providing these farmers with essential resources and knowledge, EGGOZ helps them produce eggs of superior quality. These eggs, carefully nurtured in healthy and humane conditions, are then delivered directly to customers, eliminating any intermediaries and ensuring maximum freshness.
The range of egg products available through EGGOZ is diverse, catering to the unique preferences of customers. From classic white eggs to nutrient-rich brown eggs, free-range eggs, and even nutra eggs, EGGOZ offers a comprehensive selection to satisfy all tastes and dietary requirements. To enhance convenience, EGGOZ also provides subscription plans, enabling customers to receive regular deliveries of fresh eggs, seamlessly integrating them into their daily lives.
EGGOZ goes beyond being a mere marketplace for eggs. Their commitment to education and engagement is evident through their informative blog and recipes section on their website. The blog features articles covering various topics such as egg nutrition, egg farming, and other relevant insights. Meanwhile, the recipes section offers a treasure trove of creative and delicious egg-based recipes, empowering customers to explore the versatility of this nutritious food source.
Sustainability lies at the core of EGGOZ’s philosophy. The company strives to make a positive environmental impact by employing packaging that is recyclable and biodegradable, reducing waste and minimizing their carbon footprint. By promoting sustainable practices and supporting rural egg farmers, EGGOZ ensures a holistic approach to egg production that benefits both the consumers and the environment.
It comes as no surprise that EGGOZ has earned a coveted spot in Hexgn’s list of Top 10 Agritech Startups in South Asia for 2023, solidifying their commitment to excellence and innovation. The recognition reflects the startup’s tireless efforts to revolutionize the egg market in India and provide consumers with the highest quality eggs while empowering farmers with the necessary resources and knowledge.
ReshaMandi, India’s pioneering B2B marketplace for yarn, fabric, apparel, home living, and accessories, is transforming the natural fiber supply chain through its cutting-edge digital ecosystem. Established in 2019 by Ankit Agarwal, Gaurav Agarwal, and Ankur Singla, ReshaMandi has emerged as India’s first and largest platform digitizing the entire natural fiber value chain, connecting buyers and sellers from across the country.
ReshaMandi’s mission is clear: to empower the natural fiber ecosystem by digitizing the supply chain, enhancing efficiency, transparency, and accessibility. Their all-encompassing super app, from FARM to RETAIL, provides a full-stack digital ecosystem that revolutionizes the way natural fibers are sourced, traded, and delivered.
At the core of ReshaMandi’s offerings lies a vast and diverse product portfolio, encompassing an extensive range of natural fibers, including cotton, silk, linen, wool, and much more. The platform connects buyers with trusted suppliers, ensuring access to high-quality products at competitive prices. By bringing together the entire natural fiber industry under one digital roof, ReshaMandi simplifies and streamlines the procurement process for businesses in search of premium materials.
ReshaMandi goes above and beyond by providing value-added services that optimize the natural fiber experience. From fabric grading to quality control and logistics, the platform offers comprehensive support to businesses, ensuring that each purchase is of the highest standard. This commitment to excellence sets ReshaMandi apart as a one-stop solution for all natural fiber needs, revolutionizing the way businesses source and utilize these essential materials.
The ReshaMandi platform offers a user-friendly and transparent interface, simplifying the sourcing process for buyers. Its reliable and efficient delivery network ensures fast and timely shipments, allowing businesses to meet their production timelines without hassle. By embracing technology and digitization, ReshaMandi enhances the efficiency and accessibility of the natural fiber supply chain, facilitating seamless transactions and fostering a vibrant marketplace.
ReshaMandi’s dedication to revolutionizing the industry has garnered significant recognition, earning them a well-deserved place in Hexgn’s list of Top 10 Agritech Startups in South Asia for 2023. This acknowledgment underscores ReshaMandi’s commitment to innovation, excellence, and its pivotal role in reshaping the natural fiber landscape in India.
With headquarters in Gurugram, India, and additional offices in Ahmedabad, Jaipur, and Mumbai, ReshaMandi continues to push boundaries and drive transformation in the natural fiber industry. Their platform serves as a centralized hub for businesses seeking quality natural fibers, delivering value, efficiency, and convenience in equal measure.
Vegrow (India): Empowering Farmers and Transforming the Fresh Produce Supply Chain
Vegrow, an innovative tech platform, is revolutionizing the fresh produce industry by partnering with farmers to aggregate supply and connect them with organized demand. Headquartered in Hyderabad, India, Vegrow was founded in 2018 by a group of passionate IITians with extensive experience in agri-input and agri-output companies. With a mission to empower farmers and leverage technology to enhance the supply chain, Vegrow has quickly become a prominent player in the agtech sector.
At the core of Vegrow’s offerings is their platform that provides farmers with access to a broader market, better pricing, and efficient supply chain management. By partnering with Vegrow, farmers gain access to a vast network of customers, including supermarkets, restaurants, and other businesses that require a consistent supply of fresh fruits and vegetables. This partnership enables farmers to expand their reach and secure fair prices for their produce, enhancing their profitability and sustainability.
Vegrow goes beyond the role of a traditional marketplace. Recognizing the importance of knowledge and best practices in farming, Vegrow offers training and support to farmers, enabling them to implement efficient and sustainable farming techniques. By sharing expertise and providing guidance, Vegrow empowers farmers to optimize their productivity and improve the overall quality of their produce.
One of Vegrow’s key objectives is to create an asset-light farming model. Through their platform, Vegrow helps farmers maximize their productivity and profitability without requiring heavy investments in assets such as land and equipment. By leveraging technology, Vegrow enables farmers to unlock their true potential and become key contributors to the fresh produce supply chain.
Vegrow’s commitment to innovation and impact has garnered significant attention and recognition, earning the company a well-deserved spot in Hexgn’s list of Top 10 Agritech Startups in South Asia for 2023. This accolade solidifies Vegrow’s position as a leading player in the agtech sector and highlights their dedication to transforming the agriculture industry.
Despite being a relatively young company, Vegrow has made remarkable strides in the Indian agriculture market. With partnerships established with over 10,000 farmers and catering to more than 1,000 customers, Vegrow is reshaping the way fresh fruits and vegetables are sourced and distributed. Moreover, Vegrow’s ambitious expansion plans include venturing into new markets such as Southeast Asia and Africa, further solidifying their position as a global agtech disruptor.
BigHaat (India): Empowering Farmers through an Online Agricultural Marketplace
BigHaat, a pioneering online agricultural marketplace, has been at the forefront of connecting farmers with suppliers of agricultural products and services since its establishment in 2012. Founded by Vaibhav Aggarwal and Pravin Agarwal, BigHaat is headquartered in Gurugram, India, and has become a leading force in the agritech industry.
At the core of BigHaat’s offerings is their comprehensive marketplace that provides farmers with a diverse range of agricultural products. From high-quality seeds and fertilizers to pesticides, agricultural machinery, and livestock feed, BigHaat ensures that farmers have access to essential resources to enhance their agricultural practices. Moreover, BigHaat goes beyond simply providing products. The platform also facilitates access to vital financial services, including crop loans and insurance, supporting farmers in managing their finances and mitigating risks.
In addition to the marketplace, BigHaat offers a host of valuable services to farmers. Farm advisory services provide farmers with expert guidance on crop cultivation techniques, pest management strategies, and other agricultural practices, empowering them with knowledge to optimize their yields. BigHaat further enhances farmers’ skills through training workshops and seminars, covering a variety of agricultural topics and promoting continuous learning and growth within the farming community.
Understanding the significance of market insights, BigHaat provides farmers with valuable market research data. This includes information on agricultural prices, demand trends, and supply dynamics, empowering farmers to make informed decisions about their crops and maximize their profitability. Additionally, BigHaat offers logistics services such as transportation and warehousing, ensuring a seamless supply chain for farmers and enhancing the efficiency of their operations.
With over 2 million registered farmers and more than 10,000 registered suppliers, BigHaat has established itself as a trusted and influential platform in the agricultural sector. Its dedication to providing farmers with essential resources and services has garnered significant recognition, including a coveted spot in Hexgn’s list of Top 10 Agritech Startups in South Asia for 2023.
BigHaat’s success is further amplified by its impressive financial backing. The company has raised over $200 million in funding from renowned investors such as Sequoia Capital, Tiger Global Management, and Accel Partners. This substantial investment attests to the confidence in BigHaat’s vision and its potential to transform the agricultural landscape.
Bijak (India): Transforming Agricultural Commodities Trading with Technology
Bijak, a pioneering B2B agricultural commodities trading marketplace, is revolutionizing the way suppliers and buyers across India’s agricultural value chain connect and trade. Founded in April 2019 by Jitender Bedwal, Nukul Upadhye, and Nikhil Tripathi, Bijak aims to bridge the information asymmetry and lack of accountability prevalent in agricultural commodity trading.
At the core of Bijak’s offerings is their comprehensive platform that provides users with access to the largest network of reliable and trustworthy agriculture buyers and suppliers. This expansive network ensures that farmers and traders can connect with potential buyers and suppliers, facilitating seamless and efficient transactions. By eliminating intermediaries and digitizing the trading process, Bijak enhances transparency, reduces costs, and empowers participants in the agricultural ecosystem.
Bijak’s platform boasts a variety of features designed to optimize the trading experience. Users can benefit from bookkeeping services that capture all transaction details and related documents directly on their mobile devices. This digital record-keeping simplifies accounting processes, enhances transparency, and ensures a streamlined approach to business operations. Additionally, Bijak offers quick and real-time disbursal of loans to buyers, enabling immediate payment to suppliers and supporting financial liquidity throughout the value chain.
The impact of Bijak’s innovative approach is undeniable. Since its launch, the company has raised over $25 million in funding from reputable investors such as Bertelsmann, RTP Global, Sequoia Capital India, Omidyar Network, and Omnivore Partners. This significant investment underscores the confidence in Bijak’s mission and its potential to transform the agricultural commodities trading landscape.
Furthermore, Bijak’s impressive growth is evident in its expansive reach. The platform has expanded its operations across 28 states, encompassing over 2,000 regions, and serving a user base of more than 30,000 participants. By leveraging technology and fostering trust, Bijak has successfully digitized and organized the agro procurement market, connecting buyers and sellers through a single platform.
Bijak’s commitment to empowering the agricultural community extends beyond trading. The company actively engages with industry stakeholders through its informative blog, which covers a wide range of topics such as market trends, news, and insights. Additionally, Bijak’s blog features interviews with industry experts and farmers, providing valuable perspectives and fostering knowledge sharing within the agricultural sector.
Moreover, Bijak has demonstrated its social responsibility through initiatives such as the TogetherAgainstCovid campaign. Launched in response to the COVID-19 pandemic, the campaign focuses on aiding organizations with the supply and logistics of essential commodities. With its prominent position in Hexgn’s list of Top 10 Agritech Startups in South Asia for 2023, Bijak continues to make a lasting impact on the industry, digitizing and organizing the agro procurement market for a more transparent, efficient, and prosperous future.
Intello Labs (India): Revolutionizing Produce Grading and Packing with AI
Intello Labs, a leading agritech startup, is transforming the fresh produce industry through the power of artificial intelligence (AI) and computer vision. With their innovative products, IntelloGrade and IntelloPack, the company automates the grading and sorting of fresh fruits, vegetables, spices, and nuts, offering food businesses a game-changing solution to improve customer satisfaction and reduce food waste.
At the heart of Intello Labs’ offerings is IntelloGrade, an AI-powered grading machine that scans produce for various attributes such as size, color, shape, and texture. In just 2-3 minutes, IntelloGrade can accurately grade an entire lot of produce, surpassing the speed of manual grading processes. Moreover, IntelloGrade outperforms manual grading in terms of accuracy and is capable of grading produce that would be challenging or impossible to grade by hand, including items with blemishes or defects. By delivering precise and consistent grading results, IntelloGrade enhances quality control and streamlines operations for food businesses.
Complementing IntelloGrade is IntelloPack, an AI-driven packing machine designed to automate the packing process of fresh produce into cartons. With the ability to handle produce of different sizes, shapes, and even non-uniform items, IntelloPack revolutionizes packing operations, reducing labor costs, and improving overall efficiency for food businesses. By optimizing packing processes, IntelloPack enables businesses to meet customer demands swiftly and maintain high standards of packaging quality.
Intello Labs, founded in 2016 by Milan Sharma, Nishant Mishra, and Himani Shah, has swiftly gained prominence in the industry. The company, headquartered in Gurgaon, India, boasts a talented team of over 50 employees. With a commitment to innovation and excellence, Intello Labs has secured over $3 million in funding from renowned investors, including Accel Partners, Blume Ventures, and Nexus Venture Partners.
The unique value that Intello Labs brings to its customers is multi-faceted. By leveraging AI and computer vision, their products significantly enhance the quality and consistency of produce grading and sorting, resulting in improved customer satisfaction. Through automation, Intello Labs helps food businesses reduce food waste, a critical challenge in the industry, thus contributing to a more sustainable and efficient supply chain. Additionally, Intello Labs’ solutions increase operational efficiency, driving cost savings and boosting productivity for food businesses. Furthermore, their products enable enhanced traceability throughout the supply chain, ensuring food safety and quality control.
Intello Labs’ inclusion in Hexgn’s prestigious list of Top 10 Agritech Startups in South Asia for 2023 further cements their status as an industry leader. This recognition reflects their commitment to innovation, quality, and transformative impact within the agricultural sector.
Krishify (India): Empowering Farmers Through India’s First Agricultural Social Network
Krishify, India’s pioneering social network and commerce platform for farmers, is revolutionizing the way farmers connect, access information, and engage with the agricultural community. With a mission to improve the lives of the farming community, Krishify provides a comprehensive platform where farmers can connect with peers, experts, and businesses to gain relevant information, advice, and access to a marketplace for agricultural products and services.
With a community of over 10 million farmers, Krishify serves as a hub of knowledge and collaboration. One of the platform’s standout features is its extensive knowledge repository, comprising a vast collection of articles, videos, and infographics covering a wide range of agricultural topics. This repository equips farmers with valuable insights and resources to enhance their farming practices and stay updated on the latest trends and techniques in the industry.
Krishify goes beyond information dissemination by offering direct access to a team of experts. Farmers can connect with agronomists, veterinarians, and other agricultural professionals who provide free advice tailored to their specific crops and livestock. This personalized guidance enables farmers to make informed decisions and overcome challenges, fostering improved productivity and profitability in their agricultural ventures.
Facilitating commerce within the farming community, Krishify’s marketplace empowers farmers to buy and sell agricultural products and services. This e-commerce platform offers convenience and a wide range of options, ensuring that farmers have access to the resources they need to support their agricultural activities. From seeds and fertilizers to tractors and farm equipment, farmers can find a diverse range of offerings that cater to their unique requirements.
The social networking aspect of Krishify further enhances the platform’s value. By connecting farmers with their peers, businesses, and experts, Krishify creates a vibrant community where knowledge sharing, collaboration, and networking flourish. Farmers can exchange ideas, seek advice, and build valuable connections within their industry, fostering a sense of camaraderie and empowerment.
Krishify also provides farmers with essential tools to support their decision-making processes. Real-time mandi rates enable farmers to stay updated on the prices of agricultural products, helping them make informed selling decisions. Weather updates for their specific area assist farmers in planning and adapting their farming activities according to changing weather conditions. Additionally, Krishify serves as a valuable resource for information on government schemes and subsidies, ensuring that farmers stay informed about opportunities to maximize their agricultural endeavors.
Recognized as one of the Top 10 Agritech Startups in South Asia for 2023 by Hexgn, Krishify’s impact on the farming community is undeniable. The platform’s commitment to empowering farmers, providing access to information, expertise, and a marketplace, sets it apart as a valuable resource in the agricultural landscape.
Furthermore, Krishify’s success is reflected in its funding milestones and revenue model. In a Pre-Series A round led by prominent investors, Krishify raised $2.7 million in February 2021. The platform generates revenue through a commission-based model, wherein vendors pay a commission for transactions facilitated through the app. From cattle and tractors to farm input products such as seeds and fertilizers, Krishify’s marketplace enables seamless transactions and supports the growth of the agricultural ecosystem.