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1Lattice & IVCA unveil landmark report at Startup Mahakumbh 2025
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Monday, 07 April, 2025, 08 : 00 AM [IST]
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Our Bureau, New Delhi
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India’s agriculture sector is witnessing a transformative shift driven by innovation, technology, and policy support. The latest report by 1Lattice in collaboration with IVCA (Indian Venture & Alternate Capital Association), ‘Innovations in Agriculture’, was released at Startup Mahakumbh 2025. The report provides an in-depth analysis of the current market scenario, investment landscape, and the pivotal role of government policies in fostering a resilient and sustainable agricultural ecosystem.
The Indian agriculture market, encompassing ground agriculture, livestock, and fisheries, is experiencing significant growth, with an annual output value of approximately Rs 30 lakh crore. Ground agriculture constitutes around 60% of this market, followed by livestock at 30% and fisheries at 10%. The report forecasts the overall market to grow from Rs 31 lakh crore in FY25 to Rs 38 lakh crore by FY30, driven by changing consumer demand, new farming methods, and technological advancements.
Key innovations in the sector include the adoption of AI, ML, and IoT-based solutions for precision farming, which are enhancing crop yields and resource efficiency. The report also highlights the emergence of tech-driven supply chains and end-to-end logistics services, which are addressing challenges such as limited supply chain traceability and product loss. Additionally, innovations in storage and warehousing are improving the shelf life of agricultural produce, while AI-based quality assessments are ensuring better food quality and fair pricing.
The investment landscape is equally promising, with private equity and venture capital investments in agri-tech companies growing at a CAGR of 40% between CY19-22. The highest value of investments was recorded in CY21, amounting to $1,080 million. Investments are primarily focused on ground agriculture, which accounts for 80% of the total investments, and companies operating in the upstream stage of the value chain.
Government initiatives, such as the creation of the Indian Digital Ecosystem of Agriculture (IDEA) framework and the implementation of Agri Stack, are playing a crucial role in supporting the sector's growth. These initiatives aim to provide farmers with easier access to inputs, knowledge services, and credit while also facilitating better market linkages.
Abhishek Maiti, director of Agri & Industrials at 1Lattice, said, "India’s agriculture sector is witnessing a paradigm shift where innovation is not just an enabler but a growth catalyst. With agritech startups, policymakers, and investors aligning toward a common goal, the sector is poised for unprecedented growth. Our report highlights how technology-powered solutions can boost productivity, sustainability, and farmer incomes, making India a leader in global agritech."
Rajat Tandon, president at IVCA, said, "India’s agri sector is at a defining moment—where tradition meets technology. What we’re witnessing isn’t just digitisation, but a structural transformation driven by innovation, policy clarity, and institutions like NABARD, whose work in climate action, infrastructure, and rural innovation continues to be foundational. As private capital increasingly backs agri-tech, this report is both a reflection of progress and a roadmap for what’s possible when intent meets investment."
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