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Vol. 11, Special Issue 7 (2022)

Assessing a digital agri tech start-up landscape and identifying potential opportunities for partnerships and funding

Author(s):
Himadri Sikhar Swain, M Chandrakumar, D Murugananthi and G Vanitha
Abstract:
Agriculture accounts to be the fundamental sector of the Indian economy. The digital agriculture sector is fast growing as each segment of the agricultural supply chain attempts to incorporate data-driven insights into its processes. Digitalization refers to the use of digital technology for the conversion of any business model or idea to generate revenue and opportunities in value production. Startups are proving to be the world's transformation engines. With innovative ideas and the development of disruptive technology, these small start-ups are revolutionizing their industries. Startups are commonly recognised to be small businesses, yet they play an important role in economic growth. They are in charge of producing new jobs, which means more employment and a better economy. Kalgudi Digital Pvt Ltd. is a 100 percent subsidiary of Vasudhaika Software Pvt Ltd. Kalgudi is an innovation for democratizing commerce at the grassroots. It converges all stakeholders at the grassroots and benefits everyone. Through its end-to-end digital platform caters to the needs and connects with different value chain players and enablers like farmers, Farmer Producer Organizations/Companies, service providers, traders, exporters, etc.
All business, regardless of its type or scale, requires capital to turn its unique ideas into action. A grant is a cash reward made by one organization (often a corporation, charity, or government) towards a person or a firm in order to support a goal or incentivise achievement. Grants are simply donations that do not have to be repaid in most circumstances. Some direct grant providers or donor organisation are mentioned that will help any digital agritech start up to get their first set of funds for starting any project. Indian companies must look beyond replicating successful foreign concepts and focus on establishing meta-level startups that address fundamental problems that can be scaled internationally.
Pages: 29-38  |  882 Views  473 Downloads
How to cite this article:
Himadri Sikhar Swain, M Chandrakumar, D Murugananthi and G Vanitha. Assessing a digital agri tech start-up landscape and identifying potential opportunities for partnerships and funding. The Pharma Innovation Journal. 2022; 11(7S): 29-38.

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