Agri10x, blockchain-enabled, farmer e-marketplace eyes Rs 1,000 cr
Agri10x, the premier agritech company, is aggressively pursuing a GMV of INR 1,000 crore over the next two years. In less than a year, it has already surpassed the INR 100 crore GMV mark. The platform, which is powered by artificial intelligence and blockchain technology, is regarded India's fastest growing e-marketplace, as it provides a one-stop shop for post-harvest solutions.
Transparency, traceability, and sustainability are all features of the digital platform. By leveraging blockchain technology, the platform facilitates frictionless transactions between supply chain parties, resulting in significant cost savings. Agri10x platform's attractive features such as immediate payment, quality assurance, competitive pricing, warehousing, and logistical support have made it an instant hit with farmers, FPOs, and merchants. Additionally, the website offers simpler payment methods to facilitate the exchange of agricultural products and services.
Agri10x is now focused on the B2B sector but wants to expand into the B2C space in the near future. Its disruptive inventions and strategic initiatives have helped the company's primary stakeholders, which are primarily farmers.
The ambitious start-up intends to revolutionise Indian agriculture by systematically integrating the entire agribusiness ecosystem and aspires to become a unicorn in the near future.
Agri10x is committed to serving the farming community across India by assisting them in doubling their revenue and providing multi-faceted services. The company exports a diverse range of premium grade fruits, vegetables, cereals, pulses, dried fruits, and spices grown in India, thereby gaining global respect for Indian farmers and their produce.
Agri10x is progressively expanding its footprint throughout Southeast Asia and the Middle East, including Dubai, Singapore, Malaysia, Qatar, Dubai, Oman, Cambodia, and Indonesia.
Back home, the agricultural technology company is extending its local footprint throughout a number of states, including Maharashtra, Madhya Pradesh, Delhi, Andhra Pradesh, Telangana, Tamil Nadu, Bihar, Uttar Pradesh, Jharkhand, Karnataka, and Tripura.
Agri10x, which is well-known for its effective post-harvest management solutions, will soon offer a range of integrated pre-harvest services to aid farmers, including innovative soil testing, high-quality inputs such as seeds and fertilisers.
"We are pleased to inform that our firm, which provides value propositions to farmers, is steadily developing. We are optimistic about India's farm economy, which is being boosted by digital revolution and rural infrastructure development. We will continue to place a premium on value creation and the simplicity of doing business in the global village of the current day "Mr. Srinibas Swain, CGO, Agri10x, stated.