5 Pioneering Profitable Startups: The Next Blooming Powerhouses of India

Startup: Fasal

Industry: Smart Farming

Key Management: Ananda Verma & Shailendra Tiwari, Co-Founders

As tech-based agriculture is the current demand, startups in this landscape are witnessing enormous profits & scalability. In such cases, Fasal is stepped as a full-stack platform pioneering in smart farming using brilliant technologies including AI, IoT, and crop sciences to optimize resources such as pesticides & water and gain greater farm productivity to ensure observable & excellent produce. Within a short period, Fasal became a favorite tech buddy for farmers of over 13 states beholding more than 75000 acres of land.

Their exclusive farming tricks have resisted 54,965 metric tons of greenhouse gases & cut down over 127, 426 kilograms of pesticides. For their smart predictions & tricks in Agriculture, the startup was honored with the ‘Best National Startup Award 2022’ from GOI. Boosting the company’s profit, the startup has successfully secured around Rs. 100 crore funding from TDK Ventures & BII-British International Investment, and other notable investors. As of April 2024, the company’s valuation stands at $42.5 million with annual revenue of $2.34 million.

USP: Micro climatic forecasts, pest & disease warnings, smart irrigation alerts, data-driven smart farming tricks, and reliable financial activity records for farming

“We have used IoT and AI technologies to build our product. IoT is used to monitor real-time parameters from the farm and AI is used for microclimate weather prediction, disease, and pest prediction”, says Ananda Verma, Co-Founder, Fasal