Folks, We are delighted to announce that Agri Joy has secured debt fund of INR 30 lakhs from Tides, IIT Roorkee, under the Government of India's Startup India Seed Fund Scheme (SISFS). This fund will act as a catalyst for our go-to-market strategies and enable us to scale our sustainable hydroponic farming solutions more efficiently across India and globally. The agricultural sector in India, which employs over 41% of the workforce (NITI Aayog, 2022), is ripe for technological disruption. Hydroponic farming presents a promising solution to address challenges of water scarcity, land degradation, and the need for higher crop yields. However, adoption remains low due to factors like high initial costs and lack of awareness. With this influx of capital, we plan to invest heavily in expanding our sales and marketing efforts, establishing robust distribution networks, and fostering strategic partnerships. This will allow us to increase awareness, accessibility, and adoption of our innovative hydroponic systems among farmers, especially in water-stressed and land-constrained regions. Simultaneously, a portion of the funds will be dedicated to enhancing our R&D capabilities. Our goal is to continually improve system efficiency, automation, and tailor solutions for diverse agricultural contexts, ensuring we stay ahead of the curve in this rapidly evolving domain. Interesting part is, India has the potential to meet 49% of its fresh vegetable demand through hydroponic cultivation (FICCI, 2019) With this strategic funding, we are well-positioned to capitalize on this burgeoning market opportunity, driving sustainable agriculture practices, improving resource efficiency and boosting farmer incomes across the nation and beyond. We are grateful to IIT Roorkee and the Startup India initiative for their support and excited to embark on this transformative growth journey! #sustainableagriculture #hydroponics #startup #growthfunding Agri Joy TIDES, IIT Roorkee Startup India CEO, TIDES IIT Roorkee Rajiv Bose
Congratulations
Congrats Priyanshu. Agri joy will surely get a push with the funds. Wish you all the best.
congrats Priyanshu.
@Congratulations on securing the debt fund, Priyanshu Jain! It's great to see Agri Joy taking steps towards sustainable agriculture practices and addressing challenges in the sector. Excited to see how your innovative hydroponic systems will make a positive impact on farmer incomes and resource efficiency. Best of luck with your go-to-market strategies and expansion efforts!
Many congratulations Priyanshu. Keep rising keep shining
Congratulations Priyanshu Jain and all the best !
Impressive milestone, congratulations! To further amplify your growth, consider leveraging predictive analytics for hyper-targeted marketing campaigns and exploring partnerships with agri-influencers for deeper market penetration.
Sir, let's cinnect
22 | Founder @Your AgriStory & AgriHunars | Agri StoryTeller | Agriculture Recruiter | AgriStartup Funding | Student Ambassador at Pusa Krishi | Open for Promotion & Collaboration | 2 Lakh+ Followers on Krishify App
8moCongratulations Priyanshu Jain