India’s Unfolding Agri-Tech Story
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Since the release of FSG’s report What’s Next for Indian Agri-Tech? in September 2022, the global funding winter has continued to affect the investment climate in the country. While FY22 saw a boom in agri-tech start-up investments, which drove valuations to unprecedented heights, there has been a correction in FY23, owing primarily to global interest rate hikes and increased investor caution, leading to a more prudent investment climate.

This report presents the latest investment trends from FY22 and FY23, including insights split by stage of the agri-value chain, investment round, and key investors. The report also covers the investment/ M&A activity of start-ups and traditional agriculture companies over the last five years.

The update includes a special focus on the recent rise in adoption of sustainable solutions and climate-smart agriculture, and its drivers. The impact of recent policy measures taken by the government to foster a conducive agribusiness environment, as well as a forward-looking view of the government’s agriculture policy, is also covered in a dedicated analysis.

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