Photo - RootsGoods Private Limited
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RootsGoods Private Limited

AI grader & farm-management in agritech for agri-logististic

India, Karnataka
Market: Farming, Trade, Transport, Blockchain, Artificial Intelligence
Stage of the project: Operating business

Date of last change: 04.12.2021
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Idea

RootsGoods is AI-based quality access and market intervention company for post-harvest.

Current Status

Revenue from the last 3 years in INR is 2018- 0.18 Lakhs, 2019- 7.4 Lakhs & 2020- 18 Lakhs. In 2021, we are expecting our revenue to reach up to 45 Lakhs. The total number of registered farmers are 5000 with four times the growth rate per year.

Problem or Opportunity

● Lower price realization by the farmer due to subjectivity in grade assessment during price negotiations.
● Undervaluation of harvested crops due to unplanned sales pipelining.

Solution (product or service)

Our mobile application provides objective and automated grading using Artificial intelligence -Machine Learning for farmers and buyers with selling and procurement plans respectively.

Business model

Registered farmers are users based on the nature of the crop and connection with RootsGoods. Farmers and buyers will be customers as they are a potential market to see the AI grader device and mobile application. Wholesale and B2B, as well as B2C buyers, will be the customers because they will be paying 1-10% of the transaction cost. The number of customers: 5000 farmers, 20 Buyers and 40 logistics companies. Daily active users: On an average of 20.

Team or Management

Incubation/Acceleration programs accomplishment

Incubators- Angel investors and Indian Institute of Science (IISc), Bangalore.
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