An agrotech startup assisted in a $4M fundraising campaign.

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An agrotech startup assisted in a $4M fundraising campaign.

When it comes to the value chain, technology and agriculture used to be on either side of the equation. but no longer. The majority of Indians make their living from agriculture. A few years ago, it made up 23% of GDP and employed 59% of the nation’s workforce.
We immediately recognized that assisting indoor farms to produce superior crop outputs would be a great idea and would attract many investors when we sat down with the founder of an emerging US/India AgriTech firm.
Food security has emerged as a major issue worldwide as the global population approaches 8 billion in November 2022 and is predicted to reach 9.8 billion by 2050. Action must be taken immediately in order to address the shortage of resources, access and distribution problems, and the requirement to increase agricultural outputs.
The aforementioned trends and projections demonstrate how adaptable consumers will be toward an AgriTech company that will help to scale resources in India, the US, and around the world.
  • During FY 2019–20, the entire agritech ecosystem experienced revenue growth of about 85%.
  • According to a Bain & Company study, the Indian agritech market could be worth $35 billion in US dollars by 2025.
  • North America, Europe, APAC, MEA, and SAM are the five main geographic regions that make up the agritech market. The North American region dominated the global agritech market in terms of market share in 2019.
Our client was already quite a bit closer to receiving funding when taking the state of the market, their concept, and their business model into account.
When the client team first got in touch with us, they needed to raise $4 million in just five months. Understanding their business model, the market’s needs, our target market, and competitive analysis came first. Once we had the necessary information, we started our quantity-focused electronic outreach program, connecting with more than 500 investors a week via email and LinkedIn.
The outcome? Investors who wanted a pitch deck and wanted to set up a call with the company sent us numerous emails.
We created the ideal pitch to promote our client’s business model after finishing the documentation on their behalf. Then, in various tailored formats, we distributed this pitch to the various investors in our network who were most appropriate for them. Making sure they had a thorough understanding of the AgriTech company’s mission and the benefits of investing in it.
The $4 million in funding was raised over the course of 5 months after we started the discussion stage.