Decoding 2024's Fab-Five Sectors of Indian Startup Ecosystem

Agtech: As the industry leverages the power of technology and sustainability to enhance the agricultural productivity, the agtech startups of India remained vibrant throughout the year with potential contribution to Indian economy. By the year 2030, the agtech sector of India is anticipated to contribute $95 billion with remarkable progress. Currently, the sector employs over 12.4 million people and reporting over 52,800 patents. Overall the performance of agtech startups in India has been quite extraordinary with several inventive startups making progress. For instance, a bioscience-based agtech startup ‘Absolute’ generated $43.8 million in revenue. The startup leverages the evolutionary intelligence of nature for sustainable agritech products. Other key agtech startups such as Aibono, Agrowave, BharatAgri, Fasal, and Cropin also witnessed with significant growth in innovation.

In 2024, India's Startup ecosystem has not only grown but also soared, wheeled, and flown across the globe with redefined resilience and technological innovation

Funding Deal: Distributed across diverse stages with vital contributions from early-stage and late-stage investments, agtech startups in India jointly lifted $2.4 billion in funding in 2024.