We have developed an agri-fintech Platform named UPAJGUGU over hyperledger fabric. The platform ensures complete traceability across the agri value chain.
Current Status
Revenue of INR 2 mn per day since July 2022.
10000 farmers, 50 FPOs, 5 banks, and 800 vendors onboarded
Best Agritech startup award by Startup 500, CEO Magazine
Incubated at Aspire BioNEST, UOH, Incubated at Apiary COE in Blockchain by GoI.Best 33 startup endorsed by Govt. of India for the mission to USA - under program Building India's Next Unicorn
Problem or Opportunity
Lack of traceability in the agri value chain leads to higher PD and LGD for lenders and lower income for farmers.
Solution (product or service)
An end-to-end platform connecting farmers, FPOs, lenders, market place and input suppliers with complete traceability using blockchain, IoT, and AI tools
Business model
Revenue Stream: Commission Margin from farmers for market access
Commission from input suppliers
Supply chain and Logistics distribution
Commission from the lending institution.
Incubation/Acceleration programs accomplishment
Apiary CoE in Blockchain by STPI Gurugram under MieTY
Aspire BioNest, University of Hyderabad - Grant of Rs.15 lakh
