Aibono Smart Farming

Startup50 Agriculture & Agri Tech

In Startup50 2017: Aibono Smart Farming, an agri-tech company, made it to Startup50 2017 for building a venture that offers farm-related intelligence, technology, expertise and gadgets to farmers, and the company has helped increase farm yield by nearly 50 per cent for over 200 farmers it works with in the Nilgiri hills in Tamil Nadu.

Founders: Vivek Rajkumar

An important idea: Aibono was recently awarded the Best Social Enterprise Start-up Award, at ET Startup awards 2017, for building one of India’s first ‘Smart Farming Collectives’, a novel Internet Cooperative of Farmers that combines small farmers and enables improvement of yield, return-on-effort and the overall economics of farming. They do so by leveraging the rapid growth of the Internet in Rural India and aggregating farmers into their ‘Farmer Collectives’ and offers the collective an Internet-based Shared-Services Platform that delivers data, intelligence, etc. Aibono’s work does not end there. The company also runs an intelligent supply chain, to sell the aggregated produce to buyers to ensure a larger portion of the market price reaches the farmer, thus increasing the earning potential of every farmer in the collective. 

Marquee Investors: Aibono, thanks to the growing importance of its offering to farmers, has raised capital from Bay Area-based Milliways, 3one4Capital (spearheaded by Pranav Pai), Fireside Ventures, M. M. Murugappan (Vice Chairman, Murugappa Group), Lakshmi Venu (Director, TAFE) and Sriram Viji (Deputy Managing Director, TVS Brakes India)

Full stack farm management: Borrowing a term from the world of software development, Aibono specializes in a “full stack” approach, where it serves each farm collective with data and intelligence to drive the entire supply chain, including produce and sale. Since 85 per cent of India’s farmers own less than 2 acres of land, combining farmers into a collective, helps them take advantage of economies of scale both in terms of costs and revenue.

Quick Facts

  • Serves 200+ farmers in 6 farm collectives (Full stack farm management and farm-to-fork supply chain)
  • Made it to Startup50 on the back of building on an important idea to serve small farmers in India by forming a collective
  • The company is currently on track to deliver a revenue run rate of US $1.5 million this fiscal.

Prem Sivakumaran is co-founder & CEO of Growth Mechanics, a leadership and entrepreneurship-focused business content company in India. Growth Mechanics publishes The Smart CEO, a publication focused on enabling peer-to-peer knowledge exchange among C-level executives and board members. The platform reaches over 1.2 lakh CXOs across its website, app, print publication & CEO Round Tables, and has featured on the cover India’s leading business leaders/founders from Infosys, Mindtree, Tata Sons, ICICI Bank, Biocon, Yes Bank and several others. In addition of Smart CEO, Growth Mechanics also organises the Startup50 Conference & Awards, an annual event to recognize India’s top 50 startups every year. Startup50 Alumni include Freshdesk, Oyo Rooms, Urban Ladder, Capital Float, Paperboat Beverages, among others. Growth Mechanics’ primary business model revolves around linking CXOs and Brands around engaging content and has worked with India’s leading companies including Mahindra Group, Godrej & Boyce, BASF, Airtel, Tata Docomo, Fiat, IDA Ireland, Yes Bank, Prestige Estates, Frederique Constant, Indian Terrain

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