Investment in Agri-Tech start-ups jumps 2-fold to $4.6 billion in FY2022
- IBEF
- December 1, 2022
According to research by AgFunder and Omnivore, investment in agricultural and food technology start-ups more than doubled to $4.6 billion in the previous fiscal year, owing to increased inflows in the restaurant industry and e-grocery.
The overall investment in agrifoodtech startups for India in FY2022 was $4.6 billion, which is 119% greater than in FY2021, according to the India, AgriFoodtech Investment Report 2022. In addition, the number of agreements grew to 234 in FY2022, up from 189 in FY2021.
Funding for agrifoodtech continues to be increased overall by downstream investments. With a funding of $1.9 billion in the restaurant marketplace and $1.4 billion in eGrocery have turned up as the most funded downstream categories. In addition, the capital raised by these two industries accounts for around 66% of funding in the agrifoodtech space.
Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.
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