Despite farm laws' repeal, agritech investments may rise to $700 mn in FY22

Indian agritech start-ups had attracted $528.4 mn in funding in FY21, according to VC firm Omnivore

The announcement of repealing of the three contentious farm laws by Prime Minister Narendra Modi would not have any significant impact on the funding of agritech startups, according to venture capital (VC) firms who operate in the sector.

“The farm laws did not bring any major benefit to agritech start-ups, nor would their repeal harm. More than $528 million was invested in the Indian agritech space in FY21 and we see it rising to more than $700 million in FY22,” said Mark Kahn, managing partner of Omnivore Partners, a VC firm that has Rs 675 crore and has invested in