AgTech Startup 'AgNext' Bags "Most Innovative Agri Startup Award" in the 3rd Edition of Virtual FICCI Summit & Awards
AgTech startup, AgNext, was named as the “Most Innovative Agri Startup Award” in the 3rd edition of Virtual FICCI Summit & Awards for Agri Start-Ups held on 9-10 February 2021. Incubated at IIT Kharagpur and supported by VC funds Omnivore and Kalaari, AgNext works at intersection of hardware, software and analytics for quality estimation in agriculture and food.
The award was presented by Shri B.C. Patil, Hon. Agriculture Minister, Govt. of Karnataka. At the event, he said that agri start-ups can provide missing links in the agricultural value chain and deliver efficient, innovative products, technologies and services to farmers and consumers.
Speaking at the event, TR Kesavan, Chairman, FICCI National Agriculture Committee & Group President, TAFE Ltd emphasized that every agri start-up has its own strength and there is a need to create a dedicated cell for agri start-ups.
Speaking about receiving the award, Taranjeet Singh Bhamra, Founder & CEO, AgNext said, “I’m delighted to receive this award. FICCI has shown great confidence in our vision and it truly inspires us to use first principles and data science along with deep learning to continue innovating for agriculture and solving the food problem for the world.”
Founded in 2016 AgNext has built a technology platform for agribusinesses aimed at solving the problem of food quality to accelerate transactions and build sustainability. The AI based platform 'Qualix' helps in rapid commodity assessment across procurement, trade, production, storage, and consumption of food & agri value chains. The Qualix AI engine uses spectrometry, computer vision and IoT Sensing solutions, delivered through an integrated hardware and software interface for accurate and instant quality analysis of commodities like milk, tea, grains, animal feed and spices.
AgNext has become India’s first digital assaying company for Government along with many private players & working across seven states impacting 1.5 million tonnes of procurement through its system.