Agritech deal value more than doubled to $500 Mn in 2020, may cross $10 Bn by 2030: FICCI report
Agri startups have a huge growth potential given that they account for just 1 percent of a $24-billion market opportunity at present, says the report.
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While India has more than
600 agri startups attempting to solve challenges in the agri value chain, it accounts for merely
1 percent of the potential market opportunity of
$24 billion. This indicates the potential for agri startups in the country, according to a FICCI-PwC report.
The report shows that despite the pandemic, investors pumped more than $500 million into agritech deals in 2020, as compared to $248 million in 2019.
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In the light of the ongoing farmer protests and the pandemic wiping out livelihood for many farmers while also reshaping the agritech sector, what will the budget dole out for India's agricultural economy?