FarmERP’s Market Share Expansion with Global Ag-Tech Opportunities
19 December 2021, Mumbai: In today’s digital era, the field of AgriTech has been trying to streamline a somewhat disorganized industry, by emphasizing predictability and formulaic working methods. Marking the onset of the COVID-19 pandemic, farm management is the next big thing. FarmERP, the brainchild of Shivrai Technologies strives to make its services and platform as a whole, extremely comprehensive for stakeholders across the agricultural value chain.
The business has expanded its products to a wide range of nations, making a difference locally, regionally, nationally, and globally. At the end of 2019, they secured their first round of external funding from a Singapore-based organization. Since then, they have expanded to a large number of countries, where this globally tested and trusted digital agricultural technology has been installed. Today, they are engaging with several national and international leading agriculture enterprises, as well as policy-making organizations, to achieve their core goal of making the business more profitable and technology efficient.
The brand started with one farmer having 1 acre of land to today having 600K+ acres of farmland in more than 30+ countries. In 5 years, FarmERP aims to have 10M Stakeholders on board. FarmERP works continuously towards expansion. Post success of FarmERP, the brand has also dived into the B2C Market by launching the Farmizo platform which offers huge benefits to smallholder farmers. AI and Deep Learning solutions are offered to their customers in the market under the name of “FarmGyan”, over and above its ERP layer. FarmERP’s four pillars stand intact, with traceability, climate resilience, food safety, and sustainability at the heart of all they do along with constantly working towards the UN’s 2 Sustainable Development Goals, Zero Hunger and Climate Change.
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Further to their first round of external funding, the company committed to improving the product with a variety of comprehensive and innovative features, such as mapping all farm operations, QR code-based access control across business processes, implementation of an agriculture-focused accounting and costing module, hydroponics pack, IoT device integrations, climate smart advisory using AI, and so on. They have also established relationships with national and international agri-businesses, intending to directly and indirectly empower stakeholders through their digital platform.
FarmERP is well recognized for its ‘Uberization of Agriculture for Smallholder Vegetable Growers‘ initiative, which has helped the entire agri-value chain to become more consistent, enhancing their everyday routines. This expedition has received several honors such as Asia Agritech or Maxell Award for Excellence in Innovation 2017 along with enjoying worldwide attention. In regions like Africa, Ecuador, and Bangladesh, FarmERP is collaborating with international financing and research organizations to assist uberize Agri-stakeholders in those regions.
FarmERP also just acquired a breakthrough in climate-smart advisory and pest & disease identification, because of their excellent use of cutting-edge technologies, integration with satellite imagery. Because of the present condition of the globe, with climate change affecting every area of life and sustainability gaining traction, this innovation is a game-changer for FarmERP’s stakeholders and also contributes to their vision of a predictable and lucrative future of agriculture.
Large agribusinesses, medium to large size plantations, packaging & exporters, and contract farming companies around the world are increasingly seeing the brand as a ‘necessity in their daily agronomic and post-harvest practices, having recently expanded into geographic regions such as Sri Lanka, France, UAE, Nigeria, Kenya, Vietnam, Ethiopia, Sudan, Indonesia, and several others. With plantation management gaining traction, the brand embarked on a joint venture with Sri Lanka’s largest (about 35,000 acres) rubber, tea, and oil palm plantation in January 2020, and is dedicated to seeing the project through to the end. FarmERP fully embodies the evolving face of digital agricultural solutions, with leading companies in the agriculture sector interfaced with technology. This cutting-edge digital platform is an internationally recognized, future-ready solution for managing and analyzing agricultural operations.
FarmERP recently developed specialized and customized ‘packs‘ for its consumers, based on their sub-verticals and company processes. These SaaS-based packs are tailored for various stakeholders in the agriculture business and may be customized to meet the needs of the clients.
Today FarmERP has claimed that they have achieved 70% of YoY growth and are determined to grow 3x during this financial year. They are catapulting into a whole new era of Agricultural Technology services. The founders and core team are eager to expand their workforce with seasoned experts that can bring exponential value to the system as their knowledge and experience grows. With global digital agriculture developing at a breakneck pace, they are looking forward to strengthening the leadership team and aggressively gaining market share.