March 2019— CropIn has been ranked in the list of THRIVE Top 50 Companies 2019 in recognition of its scalable and disruptive agtech solutions. The full-stack agtech company has expanded across Southeast Asia, Africa and Europe, and is generating more than 50% of its current revenue from its international markets.
Listed among the top 50 companies this year, CropIn would be showcasing its technology at the annual THRIVE Innovation Summit scheduled to be held on 27th March 2019 at Santa Clara, Silicon Valley. Beth Ford, CEO Land O’lakes and other top leaders and investors in the AgTech and FoodTech space would be participating in the event. The summit is a platform for innovative organizations to engage with leaders of Fortune 500 food and agriculture corporations scouting for the latest disruptive technologies.
Commenting on the development, Krishna Kumar, CEO, CropIn, said, “We are thrilled to be recognized as an innovative player in the agtech domain. The ranking corroborates the enterprise readiness and scalability of our platform, and encourages us to build more ground-breaking innovations for the agricultural sector.”
CropIn has been actively doing some high impact work with a very diverse set of clientele and partners globally with the ultimate goal of making farming sustainable. So far, CropIn has digitized over 5 million acres of farmland and enriched the lives of nearly 2.1 million farmers, while managing 3,500 crop varieties across 30 countries.
CropIn has raised investments amounting to a total of $12 million till date, including Series A funding for an undisclosed amount from Singapore-based BeeNext in 2016 and $8 million in a Series B funding round from the Bill and Melinda Gates Foundation Strategic Investment Fund (SIF) and Chiratae Ventures (formerly IDG Ventures) in 2018. The current institutional investment partners of CropIn are Ankur Capital, BEENEXT, BSP Fund LLC, Bill and Melinda Gates Foundation SIF and Chiratae Ventures.
CropIn won the ‘Best Innovation in Digital Farming Technology’ at Agrow Awards in London for its flagship product, ‘SmartFarm’. A case study on SmartFarm is also published by IVEY for classroom training of management students. ‘SmartRisk’ was the winner at the ‘HDFC Bank Digital Innovation Summit’, for its capabilities that will make agri-lending and agri-insurance processes more data-driven.