Riding on technological innovations, a clutch of agritech startups has created value in the sector but they will have to tough it out through this slowdown
India’s most valued agri-tech startups
Before the current slowdown began to show its effect on India’s startup scene, a small number of agri-tech startups were privately valued highly enough for them to become unicorns the next time they raised a big funding round, perhaps.
As the slowdown deepens, and before these startups turn the corner, they are digging in and preparing for the long haul. Some, like DeHaat, have made a course correction or two, while others like ReshaMandi, see explosive growth ahead, having nailed their business model.
What follows is a small series of snapshots of some of India’s most valued agri-tech startups. Before the slowdown, they were seen as ‘soonicorns’, or soon-to-be-unicorns, meaning ventures privately valued at $1 billion. Now they will have to prove their worth.
Thirukumaran Nagarajan
(This story appears in the 09 September, 2022 issue of Forbes India. To visit our Archives, click here.)