Agritech start out-up tech platform Unnati ideas to increase its functions in States these types of as Andhra Pradesh, Telangana, Rajasthan and Punjab this calendar year, claimed co-founder Amit Sinha.
Unnati at present operates in parts of Uttar Pradesh, Madhya Pradesh, Maharashtra and Bihar, where by it has a consumer base of about two.seventy five lakh farmers who invest in and provide seeds and fertilisers via its platform. It also gives economic expert services and farm advisory via the platform.
“In Maharashtra we run in primarily Vidarbha and Marathawada region, whilst in Madhya Pradesh primarily in the southern component of the Condition. We have just started out in Haryana and would be looking at West Bengal and Jharkhand. Our goal is to have a userbase of million farmers by subsequent economic calendar year,” Sinha claimed.
Unnati has a retail partner base of 7,five hundred like input stores, aggregators and village amount business people who enable farmers transact on the tech platform. Sinha claimed the company expects to raise the quantity of these types of retail partners to about a lakh as it expands its geographical footprint in the calendar year in advance. Nevertheless, Sinha did not disclose the business transacted via the Unnati platform citing competitive reasons.
Not too long ago, Unnati has partnered with Paytm Payments Lender to generate economic inclusion between the farming neighborhood in the region its operates and has launched a co-branded debit card.
“The Paytm Payments Lender card is embedded into the Unnati tech plaform. For farmers advertising their produce via Unnati, the income will be specifically credited into the Paytm Lender conserving account. Also, farmers can guide their inputs using the platform, which they will get at a competitive selling price ensuing in some price savings,” Sinha claimed.
Aside from assisting meals processors these types of as starch and feed makers entry raw supplies, Unnati is also operating with quite a few sugar mills in UP, assisting them procure sugarcane from the growers.
Unnati, which raised $one.7 million or about Rs twelve crore in Oct final calendar year in the pre-series A spherical funding from Nabventures Fund, would be looking at raising further money later on this calendar year to increase its functions.