Events & News

Is ‘Farming as a Service’ model the path ahead for revival of agriculture in India?
: February 26, 2018

Farm management solutions allow stakeholders to make data-driven decisions to boost productivity and efficiency. FaaS converts fixed upfront costs into variable ongoing costs for farmers, thus making the techniques more affordable for a majority of small farmers.

Many startups have adopted the FaaS solution. Total investor funding for FaaS in India is currently $105-115 million. More than 40 percent of funding rounds are at a “series stage,” indicating investors’ high level of confidence in investing more money in the growth stage.

A few startups in this sector include AgroStar, funded by Accel partnerships; EM3, funded by Aspada; CropIn funded by Ankur Capital.

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Agricx Lab raises $500,000 from Ankur Capital
: February 20, 2018

Agriculture-focussed technology start-up Agricx Lab, that has a solution to assess the quality of agriculture produce using a smartphone camera, has raised $500,000 from early stage venture capital firm Ankur Capital, the investor said Tuesday.

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Agri-tech startup CropIn raises pre-Series A funding
: September 26, 2017

As reported by a leading daily, BEENEXT an investment fund established by Teruhide Sato, a famed Japanese ecommerce entrepreneur and investor has invested an amount thatis undisclosed in a pre-series A round of the agri-tech startup CropIn Technology Solutions, Bangalore.

In addition to an existing investor, Ankur Capital, another institutional investor from Boston, Invested Development has participated in this round. BEENEXT, based in Singapore is currently investing funds from its $60 million corpus and lists 30 companies in its portfolio of startups.

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CropIn's new app helps data-driven farming
: September 24, 2017

Bengaluru-based agri-tech company CropIn Technologies, which provides Software as a service (SaaS) based services to agribusinesses globally, wants to maximise per acre value of farmers, and make every farm traceable.

The company, which was founded in 2010, is targeting more farmers to use its newly launched app, which enables them to do connected and data driven farming.

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This Indian agritech firm helps farmers predict yield and improve sales, thus saving them from bankruptcy and suicides
: September 20, 2017

CropIn claims to have digitised over 1.8M acres of farmland, impacting 500,000-plus farmers while working with 120-plus clients.

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With Over 125 Clients Across 12 Countries, CropIn Aims to be a Global Leader in AgTech Sector
: September 19, 2017

Krishna Kumar created AgTech startup, CropIn Technology in 2010, along with co-founders Kunal Prasad and Chittranjan Jena. The trio went on to develop a state of the art, innovative solutions system to address several pain points of various stakeholders in the agricultural ecosystem globally.

Today, CropIn is one of the leading AgTech companies that provide SaaS based services to agribusinesses globally, with the vision to maximize per acre value and the mission to make every farm traceable. With robust solutions that are crop and region agnostic, CropIn has digitized over 1.8 million acres of farmland, enriching the lives of 500,000 + farmers while working with 125+ clients.

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Sowing data for a rich harvest
: March 6, 2017

Krishna Kumar talks passionately about geo-tagging of farm plots, data analytics, machine learning and artificial intelligence in the context of farming and you wonder what these have to do with agriculture, especially when technology is the last thing on the mind of a vast majority of farmers.

But very soon he dispels this notion and says agriculture technology and data-driven farming are the way forward if farmers are to increase their productivity and reduce wastage.

That is exactly what his venture, CropIn Technology Solutions Pvt Ltd, based in Bengaluru, is attempting to do, as it provides information to the farmers ranging from weather and climatic conditions, the likely yield, problem areas in the field to when the farmer can expect a harvest.

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CropIn Technology on Road to Become the Backbone of Crop Insurances, to Benefit Over 25 Million Farmers in India by 2018
: February 6, 2017

A 6-Year-Young Startup is now Betting Big on its Data Algorithms Fuelled by 'Farm Insights and Artificial Intelligence,' to Create Holistic Solutions for Crop Loan and Farm Insurances, to the Root Level Farmers in India

CropIn Technology Solutions , a Bengaluru-based startup is now on an onslaught of initiatives to implement the benefit of Agriculture Technology (AgTech) to the last mile.

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Meet The Top 11 Finalists Of The Fourth Wharton India Startup Competition
: December 30, 2016

The 21st Wharton India Economic Forum (WIEF) has announced the finalists of its Fourth Wharton India Startup Competition.

Founded in 1996, the Wharton India Economic Forum (WIEF), is an annual conference hosted by the students of Wharton School at the University of Pennsylvania. It is a global business forum focussed on understanding and engaging with India’s startup landscape.

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CropIn improves farmers’ lives with data analytics and digital apps
: December 12, 2016

Ramesh, a farmer in the southern region of Punjab grows potatoes in his farm. Today, he gets accurate information on when to sow the crop, the temperature around his farm, the right mix of chemicals required, how to tackle crop infection, if any, and finally the time when the potatoes will be ready to harvest along with their quality, size and the overall quantity of yield.

The application that Ramesh uses is called SmartFarm, a data-driven farming solution created by Bengaluru-based CropIn Technology. For farmers like Ramesh, and other large companies like ITC, Mahindra & Mahindra, McCain etc., the solution is transforming a once cumbersome and unreliable process—into something intuitive and, crucially, effective.

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Farming At Your Fingertips (Good Businesses 2016 – Outlook Business)
: September 7, 2016

Large companies such as PepsiCo and McCain have contract farms that are spread across thousands of acres and, as a result, find it difficult to keep a track of crops grown on each plot. Farm reporting is a manual process as it involves maintaining records, information about pests, germination percentage, area validation and weather forecasts. But CropIn has made it possible by geo-tagging every farm and helping trace the activities of each and every farm in real time.

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Farm-tech firm CropIn gets funding from Denmark’s Sophia Investment
: August 30, 2016

CropIn Technology Solutions Pvt. Ltd, a Bengaluru-based company that makes farm management software and apps, has raised $2 million (Rs 13.4 crore) from Denmark’s Sophia Investment ApS, a person people privy to the development.

The transaction valued the company at $12 million, the person said, asking not to be named.

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Rural women are early adopters of technology
: March 8, 2016

It was the vacuum in the under-served rural and semi-urban pockets that caught the attention of cost accountant, Rema Subramanian, 54 and Ritu Verma, 44, a scientist from Pennsylvania to team up and become India's first SEBI- registered angel fund founded by women.

It's 18 months since the inception of Ankur Capital and with 45 years of combined experience, the company, with a corpus of Rs 400 million, has funded five start-ups ranging between Rs 5 million and Rs 40 million.

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Startups pave way for Farming 2.0
: December 23, 2015

Smart phones and internet may not have penetrated much in rural Karnataka and India but that's not stopping a slew of startups in Bengaluru from offering next-gen farming tips, with the assistance of technology.

From offering expert advice to farmers on crop and sowing pattern to solutions on how to harvest and maximize their yield, startups seem to have an app for all. And what's more, the forecast for the apps seems to be quite promising.

CropIn, a five-year-old startup, has already started providing its applications for mostly Farmer Producer Organisations (FPO) and NGOs. Founded by Krishna Kumar and Kunal Prasad, CropIn also has big farming companies like Pepsico, McCain, Fieldfresh looking to it for solutions.

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How a startup wants to transform Indian agriculture by using the cloud
: October 16, 2015

In April 2013, a news update on farmers in different districts of Bengal throwing their produce of tomatoes on the road shocked viewers. These farmers were infuriated with the fact that wholesalers were offering them only 25 paise per kilo. If they sold at these prices, they would have incurred heavy losses as there was a massive mismatch between the production cost and the cost of selling. This is not a rare incident, as similar cases have been reported across the country for many years. Farmers have been even driven to take the adverse step of killing themselves due to poor crop yield. In the last 2 decades, over 3 lakh farmers have ended their lives. It is estimated that forty one farmers commit suicide every day. Figures released by the Ministry of Agriculture in July 2015, state that over 3300 farmers have committed suicide due to agricultural reasons in the last 3 years. Most suicides are committed as farmers are under intense pressure to pay back the mounting debt — especially when crops fail.

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Helping farmers in identifying problems and improving produce
: April 6, 2015

Even India’s population increases rapidly, the growth in food production is lagging behind.

Some entrepreneurs think technology holds the answer: Krishna Kumar, an engineer and an entrepreneur, has co-founded CropIn Technology Solutions along with Kunal Prasad to help increase farm productivity by making every farm and crop traceable and export-worthy.

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CropIn Technology raises funding to bring big data to farms
: April 9, 2014

Agriculture technology provider CropIn Technology Solutions has raised funding from US-based investment firm Invested Development.

The firm, which provides agriculture technology to farmers as well as large companies including PepsiCo and Mahindra & Mahindra, will use the money to scale up its technology, hire talent and also explore opportunities in markets such as Kenya, Philippines, Mexico and Indonesia.

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Ankur Capital bets on real India, invests in three early-stage rural ventures
: February 26, 2014

Impact investment fund, Ankur Capital, has invested in three early-stage ventures that focus on rural markets.

The Mumbai-based venture capital fund, which received approval from market regulator Sebi earlier this month, is backing CropIn, a cloud-based farm management systems company, home compost solutions provider Daily Dump and primary eye-care service provider ERC.

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Ankur Capital invests in agri-tech company CropIn
: February 26, 2014

Mumbai-based impact investor Ankur Capital has invested Rs 50 lakh ($81,0000) in convertible debt in Bangalore-based CropIn Technology Solutions Pvt Ltd, which provides a cloud-based platform to help farmers track their produce and consignment status, for 30 per cent stake, according to a report by The Economic Times.

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CropIn: an innovation to address problems of Indian farmers
: November 4, 2013

In 2009, software engineer Krishna Kumar, working at US conglomerate General Electric Co. (GE) India’s state-of-the-art Bangalore office, decided that he wanted to build and work on technology solutions that would address the problems faced by the bottom half of India’s 1.2 billion strong population.

After reading former GE chief executive Jack Welch’s book Straight From The Gut, where Welch describes the innovation cycles of various technology solutions that the company builds, Kumar realized that he would possibly be better off developing such innovations on his own, rather than at a large corporation.

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