Startup Trends 2017 - FinTech & Agri Tech attractive Startup domains in India

Year 2017 will see birth of lots of FinTech and AgriTech startups in India as it's attracting most VC's investments.

Why FinTech?
Governments aggressive financial reforms (demonetization) has paved a way for lots of opportunities in Banking and other Organized sectors. India is going for cashless economy and this would turn out to be the best time for FinTech Startups to evolve. In December 2016 Govt. of AndhraPradesh has started a FinTech valley Park in Visakhapatnam which shows how governments are leading as front-runners for partnerships and investments.

Why AgriTech?
Agriculture, with its allied sectors, is unquestionably the largest livelihood provider in India, more so in the vast rural areas. It also contributes a significant figure to the Gross Domestic Product (GDP). Sustainable agriculture, in terms of food security, rural employment, and environmentally sustainable technologies such as soil conservation, natural resource management and biodiversity protection, are essential for holistic rural development. Indian agriculture and allied activities have witnessed a green revolution, a white revolution, a yellow revolution and a blue revolution. Currently, around 51 per cent of India's total workforce is engaged in agriculture and its allied sectors, like forestry, fisheries, and so on. For most of the 21st century India is expected to remain an agricultural society. One cannot underplay the role of agricultural growth in improving rural incomes and securing India's food and nutritional needs.

2017 will see new startups evolving in GrainTech, DairyTech and 'MeatTech. Farmers of Telangana are already using an app called Plantix, built by Progressive Environment and Agricultural Technologies

Do you have a point to add on AgroTech & FoodTech Startups Leave a comment


Post a Comment

Twitter Delicious Facebook Digg Stumbleupon Favorites More