How new age entrepreneurs and VC think about Agriculture: Blume Ventures

Forums AgriTech Announcement (Agri) How new age entrepreneurs and VC think about Agriculture: Blume Ventures


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      #Announcement(AgriTech) #Event #Meetup [ via IoTForIndiaGroup ]
      #Organizer : Blume Ventures #City : Mumbai #StartDateTime : 17 Jan 2019 #IsTraining : Chai and Chatter

      Blume launched a series of thematic events called ‘Chai & Chatter’, where founders, investors, and the startup ecosystem can come together to discuss and exchange notes on topical sectors, once a month. Our first Chai & Chatter event – ‘India2: VCs, Vernacular & Video’ – was influenced by opportunities of building and innovating for the next 100 mn users of India. Manish Rathi of Railyatri (an online travel concierge), Sachin Bhatia of TrulyMadly (a matchmaking platform), Rajat Garg of MyUpchar (telemedicine for tier 2 & 3 India), and Mandeep Manocha of Cashify (exchange and after sales repair platform for second-hand gadgets) were the panelists. Sajith Pai, Director at Blume, moderated the panel discussion.

      On 17th January 2019, the second edition of Chai & Chatter: ‘Opportunities in Agritech’ was hosted, where we wove a panel of venture capital executives and agripreneurs. The panel included Anu Meena (Founder, Agrowave), Arjun Ahluwalia (Co-founder, Jai Kisan), Swati Pandey (Co-founder, Arboreal), Varun Khurana (Co-founder, Crofarm), and Mark Kahn (Partner, Omnivore). Hemendra Mathur (Partner, Bharat Innovation Fund) moderated the entire discussion.

      Hemendra Mathur teed off the panel discussion by posing a key question to the panelists, “Why are you doing an agribusiness as opposed to a traditional (consumer-tech) business?” Among other reasons, agricultural family background, drive to create impact, and deep-seated belief in ‘agricultural as the next big thing’ stood out. Arjun from Jai Kisan put forth an interesting point of view – “To me the key disparity was that the farmer is always treated as another consumer and not a business. I also find it puzzling that he (the farmer) buys at retail and sells at wholesale. There is an obvious gap there.”

      While the evening covered a host of interesting views on the sector, we’ve curated the following key takeaways to summarize the discussion:

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