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Watch: What's Next for Agritech?

Team Lightbox
1st February 2024

In the latest edition of Lightbox Espresso, Hemendra Mathur, venture partner at Bharat Innovation Fund, and Siddharth Dialani, co-founder of BharatAgri joined us to delve into the complexities of the agritech sector and how market dynamics will play out over the next few years.

Agriculture, according to McKinsey & Co, has the potential to contribute around $600 billion to India's GDP by 2030, a 50% increase from its contribution in 2020. Much of this will happen with the aid of technology-led interventions and innovation to drive efficiencies in supply chains, on the input and output fronts, digitisation of farming practices and evolving sustainable financing solutions among others. Some of this is already underway, as evident from the proliferation of agritech startups across categories in recent years, backed by private capital. By McKinsey's estimates, venture capital investors pumped in $2.9 billion into agritech startups between 2018 and 2022, with investments touching a peak of $1.2 billion in 2022.

While the opportunities in agriculture are immense, the challenges before agritech companies are equally vast and complex.

More about how Lightbox portfolio company Waycool Foods is navigating the agritech opportunity here.

In the latest edition of Lightbox Espresso, we delved into some of those complexities to form an understanding of the current state of the still relatively nascent agritech sector and how market dynamics will play out over the next few years. We were joined by guest speakers and domain experts Hemendra Mathur, venture partner at Bharat Innovation Fund and co-founder ThinkAg, and Siddharth Dialani, co-founder of BharatAgri, who brought their valuable insights to the discussion.

Watch the video.

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