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Presenting
CropIn
An early mover in agritech, leveraging AI and ML to enrich a key ingredient of human life
As an early-mover in the agritech segment, CropIn has the advantage of being ahead in the game. It is building a technology platform on which various inputs are aggregated, absorbed, and then crunched into a solution. One of the biggest and most persistent challenges for the agriculture sector has been the lack of predictability as there are various factors that can affect the output. To circumvent these unpredictable elements, there is a need for a solution that affords a higher degree of accuracy. CropIn is building just such a set of tools that is going to help generate efficiency and lower risks. CropIn enables data-driven farming through its ‘SmartFarm’ platform, which helps derive real-time insights on standing crop projects across geographies based on local wealth information and high-resolution satellite imagery. As the challenge remains on how to make the small land-holders realise the benefits of technology, CropIn is currently engaged with large stakeholders like agriculture processors, distributors, input-providers, lenders, and insurers. The benefits derived for these segments in the agriculture ecosystem is expected to, over the years, percolate to the small farmer. The business focus of CropIn has evinced the interest of key investors such as Ankur Capital and Chiratae Ventures. However, the shot in the arm for CropIn was the endorsement from the Bill & Melinda Gates Foundation, which has placed this agritech startup on the global map. In June this year, CropIn announced that its annual revenue run rate has grown by 3X in the last five quarters. The startup generates more than 60 percent of its current revenue from the international market, and is targeting 70 percent in the next one year. CropIn has partnered with over 100 B2B enterprise clients across 30-plus countries in Asia, Europe, Africa, and the Americas. The startup last raised funding in November 2018 and is now looking at growth expansion. It follows the SaaS model with the revenue connected to the number of times its software is used or to the area covered.
  • Agri Tech
    HEADQUARTERS
    Bangalore, Karnataka, India
    COMPANY SIZE
    180+ Employees
    FOUNDED
    2010

    Awards

    Awards and Recognitions
    20
    A YourStory list of startups in 2019 with groundbreaking ideas that are creating a deep impact.
    In India, the one sector which has been largely untouched by technology until now would be agriculture. Barring certain rudimentary applications, agriculture has not really benefitted from the deployment of software. Bengaluru-based startup CropIn wants to change this scenario. Given the scale of the agriculture sector with multiple stakeholders present, it becomes important to create a platform that will converge all of their interests. This agritech startup uses big data analytics, artificial intelligence, and remote sensing to analyse data for a variety of crops through APIs. The biggest advantage that can be derived through CropIn’s technology platform is higher efficiency derived from various inputs. The scope of influence is quite wide for CropIn as it engages with various stakeholders like agriculture processors, distributors, input-providers, lenders, and insurers. Currently, CropIn analyses data of over 384 crops with 5.5 million acres digitalised. Its operations benefit over 2.1 million farmers globally. This is an opportune time for CropIn as the government is talking about doubling farmers’ income and deploying various technologies in agriculture.

    Funding

    Funding Rounds and Investors
    SERIES-B
    580M
    Investors
    Chiratae Ventures, Bill & Melinda Gates Foundation
    Nov 2018
    SERIES-A
    $1.2M
    Investors
    BSP Funds, BEENEXT, Ankur Capital
    Sep 2017
    SERIES-A
    $2.9M
    Investors
    Invested Development, Ankur Capital, BEENEXT, Sophia Investment ApS
    Apr 2016
    SEED
    $305.9k
    Investors
    Ankur Capital, BSP Funds
    Aug 2015
    SEED
    $290.1k
    Investors
    Ankur Capital, BSP Funds
    May 2014
    ANGEL
    $520k
    Investors
    Ankur Capital, Invested Development
    Apr 2014
    SEED
    $61.1k
    Investors
    Ankur Capital
    Oct 2013
    ANGEL
    $200k
    Investors
    Ankur Capital
    Apr 2013
    SEED
    $40k
    Investors
    Seeders
    Sep 2011