Photo - GRV Junction Agritech Pvt Ltd
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GRV Junction Agritech Pvt Ltd

Simplifying agri-trade globally

India, Maharashtra
Market: Logistics and warehouses, Food industry, Trade, Transport
Stage of the project: Operating business

Date of last change: 20.08.2021
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Idea

Agri -trade is highly unreliable and risky, both for Farmers and Buyers. As it become more complex for international.

We are simplifying agritrade globally with technology enabled supply chain. Thru B2B agri marketplace proving for more sell-buy options, making relevant information available to make informed decisions, Quality assurance at source, efficient execution of supply chain from source to destination with visibility and trade financing.

Current Status

Achieved USD 0.8 Mn revenue in F21 in offline mode to ensure market fit.
B2B agri platform beta version launched in August 21 to take business online for scale.

Market

We are in B2B market- Farmer to wholesalers.

Phase 1- In India domestic agritrade with 3 commodities- Potato, Onion and Garlic

Phase 2- Export to Middle-east & Africa, India Subcontinent and Far East region

Phase 3- Import from targeted countries with only 2 commodities to India

Phase 4- Export /Import across globe in few targeted commodities


Problem or Opportunity

Agri-trade is highly unreliable and risky -
Limited customer options to farmers
Agri wastage due to inefficient supply chain
Quality inconsistency
Rate vagaries due to demand-supply mismatch
Payment un-certainities and risk

Solution (product or service)

Simplifying agritrade globally with technology enabled supply chain-

B2B agri marketplace for more sell-buy options
Market intelligence to take informed decisions
Quality assurance at source
Efficient supply chain with end to end visibility
Trade Financing

Competitors

Currently no major local competitor in International market, however internationally Indigo and Tridge are in similar space.

For Domestics markets, DeHaat, Bijak, Agrowave are the competitors, however they have different focus.

Advantages or differentiators

Our focus is on simplification of agri-trade globally to enhance reliability and reduce risk.

We are focus on key commodities, so that we can go deep dive and solve pain areas of complex agri-trade.

Finance

F-20 est F-21 F-22 F-23 F-24 F-25 F-26

Revenue (In Mn US$) 0.08 0.69 2.17 6.77 17.27 46.94 93.89

Gross Margin (In Mn US$) 0.0 0.0 0.1 0.5 1.8 5.9 13.7

Gross Margin (In %) 3.9% 4.6% 6% 7% 10% 13% 15%

EBIT (In Mn US$) (0.0) (0.0) (0.1) (0.1) 0.4 2.7 7.4

EBIT (In %) -1.4% -2.0% -4% -1% 2% 6% 8%

Business model

Through B2B agri platform we are providing multiple options to farmers as well as buyers for domestic as well as international trade.

Providing market intelligence like market rates in key markets (mandis) to both Farmers/ Buyers to take informed decisions.

Providing quality assurance at source by providing facilitation of onsite inspection to avoid surprises.

Executing commodity movement thru our supply chain capabilities.

Supporting both farmer and buyers with trade financing by collaborating with Financial institutes

Money will be spent on

USD 55,000

Offer for investor

10 to 20% of equity

Team or Management

Risks

We will be driving transformation in a way agri trading is happening today offline. Thus we need to handhold all entities of eco system to drive this change.

Incubation/Acceleration programs accomplishment

NaaVic-Hyderabad
Manage- Bangalore

Won the competition and other awards

No

Photos

Photo 1 - Simplifying agri-trade globally
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Idea
Current Status
Market
Problem or Opportunity
Solution (product or service)
Competitors
Advantages or differentiators
Finance
Invested in previous rounds, $
Business model
Money will be spent on
Offer for investor
Team or Management
Mentors & Advisors
Lead investor
Risks
Incubation/Acceleration programs accomplishment
Won the competition and other awards
Invention/Patent
Photos
Product Video
Presentation