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CropIn Technology Solutions

CropIn Technology Solutions

CropIn Technology solutions is a company that offers an intelligent and self-evolving system that delivers farming solutions to the agricultural sector.

CropIn Technology solutions is a company that offers an intelligent and self-evolving system that delivers farming solutions to the agricultural sector. It delivers decision-making tools that bring consistency and sustainability to agri-businesses.

Cropin is an agri-tech company known for its SaaS based solutions aimed to enhance traditional agricultural process with the help of cloud computing products such as Farm Management Solution, Farm Risk & Assessment Solution, Supply Chain Traceability Solution, Seed to Shelf Traceability Solution etc. In June 2021, Cropin joined the European Carbon+ Farming Coalition, an initiative by the World Economic Forum to achieve carbon neutrality goals of the European Green Deal.

During 2018-19, Cropin, in partnership with Government of India implemented the crop cutting experiment through artificial intelligence and machine learning for the Pradhan Mantri Fasal Bima Yojana.

In the year 2010, Cropin (then known as CropEx) was incorporated by Krishna Kumar and Kunal Prasad who are the CEO and COO of the company respectively. Cropin is known for optimizing and maximizing the per-acre value of farmland for the farming community with the aid of technologies like Artificial Intelligence, Machine Learning and Deep Tech. Since its inception, Cropin has been able to digitize over 13 million acres of farmlands. Its database is consists of about 4 million farmers with in-depth data on 388 crops and about 9500 crop varieties.Initially, Cropin directly interacted with the farmers. In 2011, it shifted its business model to B2B. Cropin’s first SaaS product named SmartFarm was launched in 2012. This farm management solution enables digitization of farms to enable data-driven decision-making with a farm management solution.

In the year 2013 Cropin raised $200k and $61k from Ankur Capital. In the very next year, Cropin raised $81k and $520k as BSP funds and Ankur Capital participated in seed round funding. In 2015, the founder of RedBus, Phanindra Sama joined Cropin as an Independent Director. In the same year the company raised $306k from its previous investors and in 2016, it raised funds from Denmark based Sophia Investment ApS. Cropin introduced farm-to-fork traceability solution in 2016 and expanded their operations in Latin America in the same year. In 2017, it started to work with ITC, McCain, Mahindra & Mahindra, Mars, BigBasket, Sahyadri and state and central governmental agencies. Including the Government of Andhra Pradesh. Cropin also received $1.2 million funding from BeeNxt during this time.

In 2018, Cropin started to work with Government of Karnataka in order to digitize the farming sector. Cropin raised a series B round of $8 million from Chiratae Ventures (formerly IDG Ventures India) and the Bill & Melinda Gates Foundation Strategic Investment Fund during this time. In the same year Cropin developed SmartRisk, a predictive modelling solution using Artificial Intelligence and Machine Learning. SmartRisk primarily aids Banks and Insurance Companies to evaluate risks at the farm plot level. During 2018-19 Cropin partnered with Government of India as it undertook the implementation of crop cutting experiment (CCE) through artificial intelligence and machine learning for the Pradhan Mantri Fasal Bima Yojana. In the first quarter of 2019, Cropin conducted the CCE using scalable yield mapping technology through remote sensing in the Koppal and Bellary districts of Karnataka.In 2019, Cropin started to collaborate with Punjab Agri Export Corporation, to "improve the quality of potato seed production, prevent counterfeit seeds in the State and incorporate a first-of-its-kind ‘Seed Potato Traceability’ in the entire value chain.".Cropin was chosen as Economic Times SDG Champion Winner for 2019. In 2020, Cropin ranked in Deloitte Technology APAC Fast 500. In the same year Cropin became the winner of the World Bank 2020 Innovation Challenge and won the AWS Innovation Challenge for its product, SmartRisk.In January 2021, Cropin raised $20 Million in a Series C venture round led by ABC World Asia. Existing investors Chiratae Ventures, Invested Development, and Ankur Capital also participated in this funding round. The other new investors included CDC Group (a DFI owned by the UK Government) and Infosys co-founder Kris Gopalakrishnan’s family office Pratithi Investment Trust. During March, 2021 Cropin expanded its operation in Europe as it opened its office at Amsterdam. In June 2021, Cropin joined the goal of WEF for the carbon neutrality of the food ecosystem. Later in the year, Cropin confirmed major partnerships with firms such as True Digital and Mucheki Consulting. In 2021, Cropin won the GEF challenge at the COP26 summit. In the year 2022, Cropin partnered with Heaven Sprout Foods to enhance the agricultural digitization in the Latin American Region. In March 2022, Cropin won Climate Innovation Challenge award.

Timeline

January 2021
CropIn Technology Solutions raises a $20,000,000 series C round from ABC World Asia, Ankur Capital, Chiratae Ventures and Invested Development.
November 2018
CropIn Technology Solutions raises a $8,000,000 series B round from Bill & Melinda Gates Foundation and Chiratae Ventures.
September 2017
CropIn Technology Solutions raises a $1,200,000 series A round from Ankur Capital and BEENEXT.
August 2016
CropIn Technology Solutions raises a $2,000,000 series A round from Sophia Investment ApS.
August 2015
CropIn Technology Solutions raises a $305,900 seed round from Ankur Capital and BSP Funds.
April 2014
CropIn Technology Solutions raises a $520,000 seed round from Ankur Capital and Invested Development.
February 2014
CropIn Technology Solutions raises a $290,100 seed round from Ankur Capital and BSP Funds.
October 2013
CropIn Technology Solutions raises a $61,100 seed round from Ankur Capital.
April 2013
CropIn Technology Solutions raises a $200,000 seed round from Ankur Capital.
September 2011
CropIn Technology Solutions raises a $40,000 seed round from Seeders United.

Funding rounds

Patents

Further Resources

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CROPIN - EMPOWERING ECONOMIES OF THE AGRI-ECOSYSTEM

Web

News

Title
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July 2, 2019
WebWire
The Rainforest Alliance announced on July 2, 2019 the two winners of the first-ever international Ag-Tech Developer Challenge. Fifty organizations took part in the challenge submitting innovative remote-sensing data products to bolster digital work and generate data insights that benefit the cocoa farmers the Alliance works with on a global scale. The first-place winner is the Indian company CropIn which receives an investment of €100,000 to further develop its future-ready farming so...

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