Photo - GRV Junction Agritech Pvt Ltd
52916

GRV Junction Agritech Pvt Ltd

Optimizing agri value chain to minimize wastage

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

Date of last change: 25.06.2021
Show contacts
0
equalizer from 2000
help
Calculated and estimated occupancy of the project (more about ratings)
My rating
1
2
3
4
5
6
7
8
9
10
Average rating:
 

Idea

Post-harvest crop wastage is 20+% due to inefficient value chain due to limited customer options to farmers, inefficient supply chain and rate vagaries due to demand-supply mismatch.

We are optimizing agri value chain globally by building B2B agri marketplace for more sell-buy options, executing pull based efficient supply chain with end to end visibility and quality sourcing.

Current Status

Achieved USD 0.8 Mn revenue in F21 in offline mode to ensure market fit.
B2B agri platform is expected to launch in mid July to take business online for scale.

Market

We are in B2B market
Customer segment- Wholesalers, Large Retailers, HORECA (Hotels, Restaurants, Caterers), Small Retailers

We are starting with few commodities like Potato, Onion and Garlic which is recession proof commodities for masses in India and will be focusing of southern states of India as these commodities are short in supply.

Once business model gets established then will add 50+ commodities and supply not only India but few overseas neighboring countries like Singapore, Malaysia, UAE and SriLanka.

Problem or Opportunity

Post-harvest crop wastage is 20+% due to inefficient value chain -
Limited customer options to farmers
Inefficient supply chain
Rate vagaries due to demand-supply mismatch

Solution (product or service)

Optimizing Agri Value Chain Globally
B2B agri marketplace for more sell-buy options
Pull based efficient supply chain with end to end visibility
Quality sourcing

Competitors

Our competitors are DeHaat, Bijak, Agri10X, Agrowave, Ninjacart, Udaan, Waycool, etc.

Advantages or differentiators

Our differentiation our easy to use B2B IT platform and also end to end service to all customer segments, where they all are focusing only few.

Also working on rate forecasting model by using AI & ML, which will help ecosystem to take decisions.

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 from across India farms.

Bringing storage near to point of sale to reduce response time as well as enabling farmer to ride rate fluctuation issues.

Not only facilitating agritrade, but also supporting 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, thus we need to mindful of change management.

Incubation/Acceleration programs accomplishment

NaaVic-Hyderabad
Manage- Bangalore

Won the competition and other awards

No

Photos

Photo 1 - Optimizing agri value chain to minimize wastage
5,00
1
2
3
4
5
1 voice
Sign in/Sign up
arrow_back
EN
more_horiz
close
visibility52
star0
Add to favorites
Delete from favorites
share
close
thumb_up0
Like
Unlike
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