Indian agriculture, which withered the Covid challenge, has seen fund inflow of about $3 billion over the past three years. The Bengaluru Agtech Ecosystem Connect was organised by ThinkAg, a not-for-profit AgFoodFintech collaboratory platform and Ankur Capital on Thursday. Now, the vanity metrics of just scale at all cost is not necessarily driving the attention of the market,” Rai said. “If you are building agritech solutions to the market, it is better to keep asking whether you are bringing any differentiated thing to the market.

He advised entrepreneurs that chasing scale alone will not help. Speaking at the Bengaluru Agtech Ecosystem Connect, Rai said if there is increased scrutiny, the tenacious guys actually flourish, which is good for any sector. The later stage is where more and more scrutiny is happening and more and more first principle questions are being asked,” said Shashvat Rai, Director, Aavishkaar Capital. “The early stage momentum has not been affected. Even as the start-up ecosystem in general faces a funding winter, triggered by weak global economic conditions, the early-stage funding in the emerging Indian agri-tech ecosystem is largely unaffected.

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