New Delhi, Nov. 30 -- During the ending of financial year 2021-22, investments in India's agrifood startup segment increased 119 per cent year-over-year to USD 4.6 billion, said a report.
According to AgFunder and Omnivores fourth India AgriFood startup investment report, with restaurant marketplaces and e-grocery startups securing close to USD 3 billion around 66 per cent of total investment in FY22, the food delivery services inflated total investment level.
Farmtech startups closed USD 1.5 billion in funding, a 185 per cent increase on the USD 527 million raised in FY2021.
Together with steady demand for traceable quality produce, encouraging innovations aimed at ironing out chronic inefficiencies the rapidly improving technolog...