Transforming Agriculture through Agri Start-ups

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Transforming Agriculture through Agri Start-ups.

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    There are many Indian companies working actively in the crypto space. India's crypto industry attracts foreign funds, but local investors remain wary. Cryptocurrency has seen tremendous growth in the last one year and from a consumer and technology standpoint, India is an important destination for cryptos. The venture capital companies including Sequoia Capital India, Lightspeed India, Elevation Capital and others are warming up to India’s cryptocurrency and blockchain industry. Several international funds such as Pantera Capital and Coinbase Ventures, and entrepreneur investors like Mark Cuban, have been investing in blockchain and crypto startups founded by Indians.



    The absence of regulatory approval and the possibility of a blanket ban has, however, kept most Indian funds at bay, despite the heightened interest in crypto and blockchain. Despite the regulatory uncertainty and the volatility of cryptocurrencies, Indian start-ups in the space saw funding grow 73% in the first six months of calendar 2021 compared to the whole of 2020.Total funding year-to-date in 2021 stood at $50.03 million against the $28.85 million raised by cryptocurrency-based start-ups in 2020, according to data from Tracxn. A report says, the lockdown in 2020 had led to increased activity in the cryptocurrency market as retail and institutional investors turned to this investment avenue as volatility hit the stock market. Blockchain faces hurdles, including volatility in cryptocurrency pricing and confusion and misunderstanding from many consumers about the technology and related financial services, experts say.


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    Network of Agri-startups, Venture Financiers and Incubators (NAVI) in an initiative steered by the CII National Council on Agriculture which is aimed at Agri startups for dialoguing with Venture Financiers, Incubators and Mentors. It will provide an exclusive platform for encouraging agri-entrepreneurs to Pitch, Present and Promote their ideas.
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    इस बार के बजट में एग्री-टेक स्टार्टअप्स के लिए एक्सेलेरेटर फंड की व्यवस्था की गई है।

    वहीं 9 वर्ष पहले देश में एग्री स्टार्टअप्स ना के बराबर थे, आज इनकी संख्या 3 हजार से ज्यादा है, लेकिन हमें और तेजी से आगे बढ़ना होगा।

    - पीएम मोदी, 24.05.2023


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