Agriculture Data Harvesting Hottest Sector for Investment
By MEHER ONISA : 23-Jan-2017
AGRI DATA HARVESTING A PRIME INVESTMENT AREA:
Data mining or Data packaging concept has made a novel addition in the field of Agricultural farming. Today, many top-tier venture capital firms are eager to explore positive future prospects for making an investment in this stream. Agricultural Drone and the Tractor based solutions are being deployed for the Data Mining in Agriculture.
The investment, however, comes with a risk factor as the agricultural industry is characterized by longer gestation periods that worry the investors.
VENTURE CAPITAL FIRMS OPT FOR DATA HARVESTING:
The top-tier venture capital firms like Accel India and SAIF Partners are on their heels to crack bidirectional talks with the Agri-tech firms for investment projects.
Shardul Sheth, co-founder of Agrostar is expecting as many as 100mn Indian farmers to join his major platform.
IDG Ventures have entered into a dialogue with Agrotech as it is keen in extending a helping hand to the farmers for the procurement of the raw materials.
Agrotech that had pumped $4 million in 2015, now has more than 5,00,000 active farmers using its mobile application.
Agrotech asserted that the funds raised will be diverted in the expansion plans and for the technological up gradations.
Furthermore, Agrostar is establishing its contact with international investor.
Goldfarm which is providing a healthier platform to the farmers for the farming and equipment needs is holding constructive talks to raise $3-5 million from SAIF Partners.
Crofarm an agricultural technology and SCM conglomerate which has raised $1.5 million last year is now planning to raise $7 million by April so as to enable the farmers to expand their produce beyond Delhi.
Aspada Investments and Omnivore Partners are optimistic to invite business prospects with top portfolio companies, venture capital, and private equity investors.
Stellapps Technologies is a multiple Internet platforms who is as well initiating talks for raising $8-9 million.
The Solar Solution Ecozen is anticipating raising $5 million while YCook an organic-ready-to-cook food startup has its aim for raising $5 million this financial year.