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Leveraging agriculture innovations for farmers’ welfare

by Blitz India Media
October 15, 2023
in News
0
Farmer
Team Blitz India

NEW DELHI The Ministry of Agriculture and Farmers Welfare has constituted a screening committee with experts from academia and the industry to evaluate innovative solutions that directly impact the well-being of farmers.
Agri-tech sector has seen exponential growth over the last decade due to young talents who are earnestly working for the sector. One of the challenges faced by such entities is the lack of reliable data and strategic guidance from the sector.

The Ministry will shape and provide opportunities to all such entities by providing them the necessary support in the form of the ecosystem to pilot their solutions and perfect to effectively address the challenges.

The country’s agricultural sector is undergoing a remarkable transformation, driven by rapid advancements in technology and innovative practices. This evolution is further accelerated by the significant presence of agri-start-ups and private sector entities equipped with cutting-edge technological capabilities.

The integration of a robust digital public infrastructure, harnessing the potential of the internet, artificial intelligence, and machine learning, has already demonstrated promising outcomes in this domain.

Additionally, the sector is witnessing the emergence of unique themes such as hyperspectral data analysis, photo-analytics, and the retrieval of precise weather parameters through geostationary satellites.

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New Delhi, 13 October : India’s fintech sector raised $2.2 billion in the first nine months of 2026 (January 1, 2026–September 30, 2026), up 14 per cent from $1.9 billion in the same period a year earlier, a report said. The report from data intelligence platform Tracxn Technologies Limited said funding rounds dipped from 260 to 153, adding that the funding was concentrated in a smaller number of large late‑stage rounds, with five mega‑rounds of $100 million or more accounting for $1.1 billion or 48 per cent of total capital. The report said in the first nine months of 2026, digital lending and payments topped the category rankings, while Bengaluru accounts for over three-fifths of all capital raised. On the exit side, IPOs saw a 50 per cent uptick while overall acquisitions slowed. As many as 30 companies raised their first funding round, down 49 per cent from 59 in the previous year. Series A and later rounds totalled 77, down 31 per cent from 112. Late-stage funding (Series C+, PE, and pre-IPO) led the mix, rising 95 per cent to $1.5 billion in the first nine months of 2026 — up from $751 million during the same period in the previous year. This capital surge pushed late-stage investments to 67 per cent of total market funding, the report noted. Earlier stages experienced contractions in capital and deal counts. Early-stage funding fell 33 per cent to $668 million across 52 rounds, compared to $1 billion across 82 rounds in nine months of 2025. Seed funding fell 57 per cent to $73.8 million across 76 rounds, down from $173 million across 148 rounds. New unicorns crossed the billion-dollar threshold in an average of 7.1 years after their Series A funding. Moreover, the industry saw 3 IPOs in nine months of 2026, up 50 per cent from 2 in the previous year, alongside 11 acquisitions, down 45 per cent from 20.

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