Home / Companies / News / Agritech start-ups to attract $500 mn in investments in next 2 years

Agritech start-ups to attract $500 mn in investments in next 2 years

In 2019 alone, $244.59 million were invested in the sector, an increase of over 350 % YoY

The company has recently launched the JioKrishi app in the beta stage which aims to help farmers undertake precision farming

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According to Maple Capital Advisors, during the first half of 2020, investors pumped $84 million in agritech firms as against $153 million, during the same period last year.

T E Narasimhan Chennai

4 min read Last Updated : Jul 07 2020 | 5:39 PM IST

Investments in the agritech sector are likely to exceed $ 500 million in the next two years with the recently funded startups scaling up well for further rounds and also because the scalability potential remains high.

The sector is getting traction, especially during the current pandemic, thanks to digital access to farmers, reforms and government support. The farmer as a consumer and a producer is now being empowered by access to information, inputs, farm to fork linkages and financing support.

According to Maple Capital Advisors, during the first half of 2020, investors pumped $84 million in agritech firms as against $153 million,

Topics : Start-ups Investment agriculture sector

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