July 2020, South Asia
The agritech sector has seen sharp growth during the covid-19 pandemic. Investments from venture capital firms in agritech startups are expected to exceed $500 million in the next two years as many have come together to help farmers connect with buyers, automate supply chains and build the next layer of data analytics to drive further supply chain efficiency.
The sector has also created plenty of buzz, according to data from a new report, with the agritech index moving from 43 in March to 156 in May 2020.
Factors such as locusts attack, venture funding and investments, and the economic stimulus on agriculture contributed to this sudden uptick in popularity, according to the Wizikey Agritech report that analysed a million plus news articles.
