Faad Network launches AgriManch, An Accelerator Program To Drive Agritech Innovation

Faad Network, India's leading early-stage fund, has announced the launch of AgriManch, its latest accelerator program aimed at fueling the growth of agritech startups in India. Building on the success of Finshastra for fintech startups, AgriManch will provide selected startups with funding, mentorship, and strategic partnerships, empowering them to revolutionize the agricultural sector. As per Kalaari, the AgriTech sector is expected to reach a $24 billion market by 2025, highlighting the immense growth potential in the sector.

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AgriManch, a 12-week cohort program, will nurture and guide five promising agritech startups in sectors such as Agautomation, Agfintech, Agbiotech, Aginfratech, Precision Agtech, andUpstream-MidstreamAgtech. These selected startups will have access to accomplished mentors who will provide invaluable guidance to accelerate their growth and make a lasting impact.

Ms. J Krishna Kavya, Founder & Director of Marketing at Athulya Senior Care, shared, "Embarking on this journey with Smt. Suhasini Maniratnam, Mr. Bharath Kalyan, and Mr. Krish Vijay Balakrishnan is a thrilling prospect. Their association with Athulya will not only enhance our social media presence but also foster a more nuanced understanding of the complexities and rewards inherent in senior care."

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“India has established a formidable presence within the global startup ecosystem. Kudos to the agritech startups that are driving innovation in the agriculture sector and presenting a significant opportunity to cultivate success among agritech ventures and propel India towards a leadership position in this thriving industry,”saidVatsalLunawat, Acceleration Manager at Faad Network

The cohort startups will receive a minimum capital infusion of 25 lakhs each to bolster their operations and facilitate their growth trajectory. The carefully crafted 12-week curriculum of AgriManch will empower startup founders with the knowledge and skills needed to build scalable solutions, develop robust business models, and leverage cutting-edge agricultural technology.

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The mentorship will be provided by Seasoned Veterans and Founders, including Mayank Tiwari, founder of Reshamandi; Mr. Vamsi Udayagiri, founder of HESA;Dr. Ravi Shankar who is an entrepreneur, investor, and mentor in the Agritech startup ecosystem; Mr. Hemendra Mathur, founder of ThinkAg; among others, ensuring that startups receive the necessary expertise to thrive. Selected startups will have the opportunity to forge strategic partnerships with industry-leading organizations, including AWS, Cashfree, PayTm, Freshworks, and more.

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The esteemed knowledge partners for the cohort include Wadhwani Foundation, ICAR-IARI Pusa-Krishi, Telangana State Innovation Cell, and Banking Partner Yes Bank.

About FAAD Network

FAAD Network is a CAT-1 SEBI registered AIF that invests in early-stage startups across various sectors & geographies. With 2000+ Angels, HNIs, and VCs, FAAD has invested in over 75+ startups, with follow-on rounds in more than 55% of its portfolio companies. FAAD enjoys a network of investors based in India, Singapore, Dubai, the US, the UK, and Canada. The network supports early-stage technology companies.

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