In FY22, Indian agrifood start-ups raised $4.6 billion; they surpassed China in H1 2022.
According to a joint report from investment firms AgFunder and Omnivore, Indian start-ups providing agri and food products and services raised a total of $4.6 billion in the fiscal year ended 31 March 2022. From $2.1 billion the year before, it represents an increase of 119% in VC funding for the industry. According to the “India AgriFood Startup Investment Report,” overall investment in agri food tech in India has increased by over 400% during 2018 as a result of engagement from both domestic and international investors. The majority of transactions are still in early-stage start-ups, but late- and growth-stage transactions…