India's fastest growing agritech startup | agrimarketplace

Imagine having a digital profile for your farm, created by using cutting-edge technology like satellite data, machine learning, and remote sensing to access a detailed analysis of your farm’s conditions right at your fingertips. From crop phenology to soil type and climatic requirements, you could get comprehensive insights to help you make informed decisions about your farming practices. Won’t that be cool? A revolution in your farming experience?
agribazaar recently launched an innovative tool called Agribhumi, aimed at empowering farmers across the country, that offers everything mentioned above. According to Amit Mundawala, co-founder & Managing Director of agribazaar, Agribhumi is set to transform the way farmers interact with their land and crops.

But that’s not all – Agribhumi goes beyond just providing information. It offers tools to optimize your farming strategies based on the data collected. Whether it’s maximizing profitability or exploring new crop options, Agribhumi empowers you to make the most out of your land!

Let’s talk about some of the benefits agribazaar offers:

1. Data-driven Insights: Utilizing satellite data, machine learning, and remote sensing to provide farmers with detailed analysis of farms, including crop phenology, soil type, and climatic requirements.
2. Precision Farming: Identifying problem areas with precision, enabling farmers to address issues promptly and optimize crop growth.
3. Profit Maximization: Offering recommendations for maximizing profitability by exploring crop diversification opportunities that may yield higher returns.
4. Access to Agricultural Inputs: Farmers can avail themselves of agricultural inputs from agribazaar at low interest rates, enhancing affordability and accessibility.
5. Credit Scores: Providing credit scores for financial institutions, facilitating access to financial resources for farmers.

Thousands of farmers across Maharashtra, Madhya Pradesh, Rajasthan, and Uttar Pradesh have embraced Agribhumi. The business model functions by creating a loan portfolio for the farmers and providing the data from this to banks and insurance companies. 

Now as for the services offered, you might want to look below.

1. Digital Profiles: Creating digital profiles for farms using advanced technologies, allowing farmers to access detailed analysis and insights into their agricultural operations.
2. Crop Calendar: Featuring a crop calendar on the app, providing farmers with advisory services and tracking the progress of their crops throughout the cultivation cycle.
3. Financial Services: Offering financial services, including commodity financing, collateral management, and loans to support farmers.
4. Warehousing & Procurement Operations: Managing a vast network of warehouses across the country, providing storage facilities and collateral for traders to facilitate direct purchases from farmers.

Furthermore, over the next 2-3 years, agribazaar expects about 10 lakh farmers to avail funds from them. With over a decade of experience in the agricultural sector, agribazaar offers a wide range of services. They have more than 1,300 warehouses across India with a capacity of over 33 Mn tonnes and a utilization rate of 70%. Assets under management under their commodity financing in crops such as food grains, pulses, and oilseeds amount to about ₹14,000 crore.

So, if you’re ready to take your farming to the next level with Agribhumi, the possibilities are endless! By offering these comprehensive benefits and services, Agribhumi aims to empower farmers with actionable insights, financial support, and tech solutions to enhance productivity, profitability, and sustainability in agriculture.