AGRITECH STARTUPS USE AI, IOT TO MAKE FARMING PROFITABLE IN COVID CRISIS
After traditional supply chains got disrupted due to the COVID-19-led lockdowns, a slew of agritech startups are helping farmers connect with buyers, automate supply chains and build the next layer of data analytics to drive efficiency by using Artificial Intelligence (AI) and internet of things (IoT).
Gurugram-based Bijak is helping rural commodity traders and buyers transition to digital commerce, while greenhouse agritech platform Clover is making sure greenhouse farmers avoid financial ruin while delivering fresh vegetables to kirana shops.
“Indian agriculture is an over $350B industry powered by close to 100 million small and independent farmers. This industry is on the brink of a massive transformation with ease of regulation, farmers getting organized and increasing smartphone penetration and DeHaat is leveraging these trends to build the next-gen product in the agricultural supply chain”, said Abhishek Mohan, vice-president at Sequoia Capital India, which led the DeHaat funding.
Source Credit: Live Mint