Agri10x: Transforming Agriculture with Blockchain & AI-powered Marketplace

About the Company

Agri10x is an Indian startup founded in 2018, headquartered in Pune, Maharashtra. The company aims to revolutionize the agricultural sector by providing a blockchain and AI-enabled global e-marketplace that connects farmers directly with traders and buyers. This platform integrates services such as quality assessment, warehousing, cold storage, and logistics, enabling farmers to sell their produce at competitive prices. Agri10x serves a diverse clientele, including small-scale farmers, agribusinesses, and large food corporations, operating within the agritech industry.

Business Model

Agri10x operates through the following key business segments:

a) Marketplace Solutions

• Description: Offers an AI- and blockchain-powered platform facilitating direct transactions between farmers and businesses.
  • Key Clients and Markets: Caters to farmers, traders, and food corporations in the agritech and agri-commerce sectors.

b) Financial & Advisory Services

• Description: Provides financial inclusion services, including digital lending, credit access, and insurance tailored for farmers.
  • Competitive Advantage: Enhances financial stability for farmers by offering accessible financial products.

c) Supply Chain & Logistics

• Description: Manages warehousing, logistics, and end-to-end agricultural supply chain operations.
  • Competitive Advantage: Improves efficiency and reduces post-harvest losses through optimized logistics solutions.

What Challenges Addressed ?

Agri10x addresses several critical challenges in the Indian agricultural landscape:

• Market Access Barriers: By eliminating intermediaries, the platform ensures farmers receive fair prices for their produce.
• Financial Inclusion: Offers digital lending and financial services to farmers lacking access to traditional credit systems.
• Inefficient Supply Chains: Utilizes technology-driven solutions to streamline supply chains, minimizing wastage.

Key Financial Numbers

• Total Funding Raised: $758,000 over one round from a single investor.

• Company Valuation: Valued at $5.48 million.

• Founder Ownership: Founders collectively hold 86.11% of the company’s shares.

Founders

• • Pankajj P. Ghode – Co-Founder & CEO
    • Background: Expertise in blockchain technology and artificial intelligence applications in agriculture.Role: Oversees strategic direction, technological innovation, and business expansion.
    Abhijith Naraparaju – Co-Founder & COO
    • Background: Proficient in operations with a focus on integrating technology into agricultural practices.Role: Manages daily operations and ensures seamless integration of technological solutions.
    Sundeep Bose – Co-Founder & CTO
    • Background: Specializes in technological advancements and infrastructure development.Role: Leads the technological development and maintenance of the Agri10x platform.
  • Pravin Chandra Kumar – Co-Founder
    • Background: Experienced in business development and strategic planning.
    • Role: Focuses on expanding market reach and forming strategic partnerships.