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KissanPro won the Best Agritech Startup for industry partnership

November 03, 2022 23:30 IST | ANI Press Release
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Minster of state agriculture and farmer welfare Kailash Choudhary felicitating kissanPro

New Delhi [India], November 3 (ANI/NewsVoir): KissanPro won the "Agritech startup for Industry partnership" award in the 5th edition of the prestigious FICCI Summit and Awards for Agri Startups, Award ceremony was held in Federation house, New Delhi and award winners were felicitated by Kailash Choudhary the Minister of State, Agriculture and Farmer Welfare, along with various FICCI, Govt and Industry delegates.

About FICCI Agritech Starup Award

FICCI believes that Start-ups will be the backbone of New India. The aspiring entrepreneurs is not leaving any stone unturned and have made a significant impact across all segments of the Agriculture sector. With so much potential in the Agriculture sector, these Agri start-ups need to be suitably identified, supported and handheld, so as to mainstream them for the long run. Under the vision of Agri Startup Task Force, FICCI thrives to "Develop India as a hub of Agri innovation by leveraging domestic and global opportunities, driving Industry - start-up partnership and enabling policy initiatives for adoption of innovations in the agriculture and allied sector".

With objective to sensitize, motivate and address the issues that Agri startups face, so that they innovatively solve the problems faced by Indian and global agriculture across the value chain, FICCI is organizing 5th edition of "FICCI Summit and Awards for Agri Startups" on 1-2 November 2022. During the 5th edition, FICCI once again aims to accentuate the innovations taking place specifically in the agriculture sector and felicitate awards to start-ups for their impactful innovations. The best Agri Startup among the selected ones got felicitated with awards and acknowledged at FICCI's Agri Startup Summit on 2nd November 2022 which was one of the most awaited congregations of leadership from Government and Industry. PwC is the knowledge partner in the initiative.

During Event key Points discussed by Minster Shri Kailash Choudhary

During the event Kailash Choudhary the Minister of State, Agriculture and Farmer Welfare, complemented the work done by all agritech startups and congratulated all winners, he also discussed the growing agritech startups ecosystem in India and how we can become the world leaders and world suppliers across key crop categories, he stressed upon need of growing Millets production and demand both and how startups can work together with government in achieving the desired objective.

Under the Vision of Prime Minister Narendra Modi to boost and support Indian agritech startups he discussed about setting up a separate division for startups within agriculture ministry and there would a joint secretary dedicated to agritech startups.

To support further he mentioned a 500 crore acceleration fund for agritech startups.

Ravi Dasoundhi the Founder and CEO's statement:

This indeed is a very prestigious award and we are very happy that our efforts and impact created on the ground is been noticed and recognized, this recognition along with various video recordings of FPO CEOs and farmers on how we have made life simple for them and improved profitability overall is the real testimony of all the hard work the entire team has been putting in to create real value for a large base of farmers, such recognition will certainly motivate the entire team to keep working hard on the ground every day with the same level of passion and zeal to bring the transformation we all aspire to see in farmers life and in the entire ecoystem.

We work on a phygital model, while we use technology to build efficiency at every level, we manage end to end execution and operation to have the right control and deliver what we promise to a Farmer as well as to various institutional buyers.

Becoming self-sustainable and still growing profitably is the path we following, and we are very close to achieve net zero burn target, while we understand that we are small and at this scale becoming net zero burn might not sound very exciting however its important for us as this sets the business fundamentals right, we certainly would look for raising funds with some strategic investors at the right time, wherein funds mostly would be invested on Tech, capacity building and on the ground infrastructure for key expansion linked projects, and to have a command over right supplies, building right warehousing, processing and packaging capacity and creating ecosystem for farm to retail/ Farm to factory.

By doing these by default we creating a win win model for farmer as well as for institutional buyers and also with effective use of data and science creating a right balance between supply and demand.

We closely working with Various Govt Agriculture and Horticulture offices as well as with Nabard and under process of finalizing some projects like creating excellence centers, precision farming, demand based crop scheduling etc and we do play a role of catalyst in implementing the govt agri initiatives we truly believe in.

KissanPro started its journey in 2020 with the mission of adding efficiency at every stage of agriculture with help of data science, the right processes, tools, and technology, thus reducing the overall cost of production, growing per acre productivity and making the best and nearest direct market available for farmers to get the best price for farmer and buyers both and also reduce post-harvest losses.

While it provides a full stack solution to farmers/FPOs, its prime work area amongst all is setting up a very efficient Farm to factory/Farm to the retail model of the supply chain.

Currently, it serves all leading brands of India across the crop categories, to name Reliance, Swiggy, Big Basket, Metro Cash and Carry, and Blinkit are amongst some of the leading retail/ Quick commerce companies, and KRBL, LT foods, Suguna Foods along with various local and regional brands are amongst some of leading food processing companies its serving on pure farm to retail/farm to factory model.

It is working on plan to improve processing ratio of select crops and do a value-added market linkage targeting not only domestic but key international markets too, there is a focused team doing a thorough study with respective govt agencies on identifying key crops and areas where such initiatives will help to not only reduce pos harvest loss but improve revenue and export substantially. To give an example, India is second largest producer of Tomato and produces almost 11 per cent of the world's tomato, however it processes just 1 per cent as against 26 per cent of world's Tomatoes getting processed, the demand of Tomato paste is growing by 35 per cent YoY in the international market and in no time only tomato Paste's global trade can be a 10 Billion dollar market, and this is just one category of tomato's processed product.

Also, Post harvest loss in Tomato is as high as 25-30 per cent, and by introductive more effective supply chain and micro processing facilities and improving overall processing ratio this can substantially be reduced.

Currently more than 300 FPOs, 40000+ Farmers are engaged with Kisaanpro at various part of India, it started its journey from Jharkhand and slowly expanded to select eastern states and now growing it's base towards down south and very much active in Karnataka and soon to enter Tamilnadu and Telangana.

It has also been invited by Odisha govt and they will introduce the model in Odisha soon too.

KissanPro has raised first seed round from white hill venture of Dubai and few other known angels in June 2021.

It is backed by group of IIT Khadakpur, IIM Ahmedabad and IIM Bangalore Alumni's and people from academia side with extensive research work are part of its advisory board.

This story has been provided by NewsVoir. ANI will not be responsible in any way for the content in this article. (ANI/NewsVoir)

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