Co-founded by Bharani CL and Prasann Manogaran, Aqgromalin is a Chennai-based agritech startup providing a high-tech-driven solution to farm holders. The agritech platform has built a comprehensive one-stop shop for a farmer’s everyday necessities, and it navigates farmers to diversify into animal husbandry and aquaculture. Aqgromalin is a company whose primary function is weaved around helping farmers obtain better outputs, and their objective is to make sustainable lives feasible.
There is a peal inclination towards Agritech in current years. The Chennai-based startup has raised a total of Rs. 39.5 Cr from investors, which include Sequoia Capital India’s – Surge and Venture funds, Omnivore Partners India, and Zephyr Peacock India, with an objective to expand the network and operation. The startup has raised a hefty amount in its pre-seed round and aims to work upstream and downstream on complete stack tech solutions in the poultry and aqua market.
The revenue has recorded a 10 fold growth in the last 6 months and has reached 3,00,000 farmers and micro-entrepreneur. The main interest of investors lies in their revenue and supply chain model. The startup has designed a unique app, AQAI wherein farmers can order high-quality inputs, and the ordered inputs are directly delivered to their farm gate. After the harvest, their downstream trading platform assists farmers to exit their produce via a network of retailers (like butcher shops and fish markets), traders, and exporters. They are on a mission to organize the world’s protein supply, stated the company.
Additionally, Bharani CL, cofounder of Aqgromalin, stated, “Animal Husbandry and Aquaculture are highly fragmented and underserved sectors in the Indian agricultural landscape. As part of the fund acquisition, we look forward to expanding our operations and helping farmers overcome the challenges of limited availability of quality live inputs and lack of access to markets.” It is estimated that the poultry industry will be at an all-time high in the coming years. Aqgromalin has understood the current poultry industry need and has developed a full-stack agritech platform to help farmers diversify into animal husbandry and aquaculture.
The lack of timely and consistent supply of high-quality live input materials in animal husbandry and aquaculture has led Farmers to pay high rates due to the unavailability of transparent pricing. Post-harvest, the animal trade ecosystem is affiliated with supply chain disruptions, and income gets speculative for the stakeholders due to fluctuating demands.
Aqgromalin has decoded this issue by building a tech platform to blend the farmer-trader ecosystem. With transparent pricing, the company enables farmers to access high-quality live products at the farm gate. Postharvest their downstream animal trade system allows a safer market, predictable prices, and supply. End-to-end traceability is a remarkable feature of their app AQAI.
Aqgromalin is a startup that serves the community by aiding farmers. Aqgromalin successfully strikes young entrepreneurs’ blooming minds, directing them towards building firms in the community and for the community. Providing high-quality inputs results in high-quality output, implying a substantial growth of farming and the farm holders. The introduction of technology is a way to streamline the animal husbandry and aquaculture industry and hence a great initiative by Aqgromalin.
