CropIn, a SaaS-based Agri-tech company, has made it to the list of THRIVE Top 50 Companies 2019 in recognition of its scalable and disruptive agri-tech solutions. The full-stack agri-tech company has expanded across Southeast Asia, Africa and Europe, and is generating more than 50 percent of its current revenue from international markets.
Listed among the top 50 companies this year, CropIn would be showcasing its technology at the annual THRIVE Innovation Summit scheduled to be held on 27th March 2019 at Santa Clara, Silicon Valley. Beth Ford, CEO Land O’lakes and other top leaders and investors in the AgTech and FoodTech space would be participating in the event. The summit is a platform for innovative organisations to engage with leaders of Fortune 500 food and agriculture corporations scouting for the latest disruptive technologies.
Speaking on the development, Krishna Kumar, CEO, CropIn, said, “We are thrilled to be recognised as an innovative player in the agtech domain. The ranking corroborates the enterprise readiness and scalability of our platform, and encourages us to build more ground-breaking innovations for the agricultural sector.”
CropIn has been actively doing some high impact work with a very diverse set of clientele and partners globally with the ultimate goal of making farming sustainable. So far, CropIn has digitised over 5 million acres of farmland and enriched the lives of nearly 2.1 million farmers, while managing 3,500 crop varieties across 30 countries.
CropIn has raised investments amounting to a total of US$12 million till date, including Series A funding for an undisclosed amount from Singapore-based BeeNext in 2016 and US$8 million in a Series B funding round from the Bill and Melinda Gates Foundation Strategic Investment Fund (SIF) and Chiratae Ventures (formerly IDG Ventures) in 2018. Besides, the current institutional investment partners of CropIn are Ankur Capital, BEENEXT and BSP Fund LLC.
CropIn won the ‘Best Innovation in Digital Farming Technology’ at Agrow Awards in London for its flagship product, ‘SmartFarm’. A case study on SmartFarm is also published by IVEY for classroom training of management students. ‘SmartRisk’ was the winner at the ‘HDFC Bank Digital Innovation Summit’, for its capabilities that will make agri-lending and agri-insurance processes more data-driven.
CropIn Technology is a ‘Full-Stack Agri-Tech’ organisation that provides SaaS solutions to agribusinesses globally. CropIn’s product suite enables data-driven farming by connecting all the stakeholders in the agri-ecosystem. With the vision to ‘maximise per acre value’ and the mission to ‘make every farm traceable’, CropIn adds value by increasing efficiency, scaling productivity and strengthening sustainability across the board. CropIn utilises cutting-edge technologies like Big data analytics, Artificial Intelligence (AI) and Remote Sensing to enable its clients to analyse and interpret data to derive real-time actionable insights on standing crops.
CropIn has digitised over 5 million acres of farmland and enriched the lives of nearly 2.1 million farmers while managing 265 crops and 3,500 crop varieties on its platform. CropIn’s footprint spans across 30 countries with a track record of carrying out the fastest and most successful technology implementations in the Agri-Tech space on a global scale. The SaaS solutions offered by CropIn are crop and location agnostic.