Cropin

Cropin is an agritech company known for its SaaS-based solutions aimed to enhance the traditional agricultural process with the help of cloud computing. Its products include a farm management solution, farm risk and assessment solution, supply chain traceability solution, and seed-to-shelf traceability solution, etc. It was founded in 2010 by Krishna Kumar and Kunal Prasad who are, the CEO and COO of the company, respectively. Initially, Cropin directly interacted with the farmers, but in 2011, it shifted its business model to B2B.

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 (AI), machine learning, and deep tech. Since its inception, Cropin has been able to digitize over 16 million acres of farmlands. Its database consists of about 7 million farmers with in-depth data on 400 crops and about 10,000 crop varieties.

Cropin’s first SaaS product named, SmartFarm, was launched in 2012 and it is now known as SmartFarm Plus. It is intended to be used by smaller farms to predict and monitor farm production with weather and satellite data. SmartFarm Plus enables the digitization of farms to enable data-driven decision-making with a farm management solution.

Cropin introduced farm-to-fork traceability solution in 2016. RootTrace, formerly known as mWarehouse, is designed for farming companies that are seeking to expand by building facilities to manage the output that comes with the harvest. It helps those companies by offering features that would make thea product traceable, such as QR codes and barcodes.

The company also developed SmartRisk, a predictive modelling solution using AI and machine learning. SmartRisk primarily aids banks and insurance companies toin evaluateevaluating risks at the farm plot level. In the first quarter of 2019, Cropin used this technology to conduct the crop cutting experiment (CCE) using scalable yield mapping technology through remote sensing in the Koppal and Bellary districts of Karnataka.

AcreSquare is a software solution that was developed by Cropin, and it acts as a communication channel. It helps farmers to record all in-field activities, administer help or alerts, and digitize farm-level operations. It is intended to give the farmers the most up-to-date information about their farmfarms so that they can make the best decisiondecisions for their operations.

The company developed a cloud platform called Cropin Cloud. Farmers and others in the agriculture industry can use the platform to accelerate business growth using the technology that Cropin has developed. Clients that useusing Cropin Cloud can have access to solutions such as Cropin Apps, Cropin Data Hub, and Cropin Intelligence, the company's AI models.

Cropin has partnered with many companies, organizations, and government entities to implement their solutions in India and globally. In 2017, it started to work with ITC, McCain, Mahindra & Mahindra, Mars, BigBasket, Sahyadri, and state and central governmental agencies. In 2018, Cropin started to work with Governmentthe government of Karnataka in order to digitize the farming sector.

Cropin partnered with the Governmentgovernment of India in 2018 and 2019 to implemented cropimplement cuttingcrop-cutting experiments through AI and machine learning for the Pradhan Mantri Fasal Bima Yojana, a crop insurance scheme backed by the government. In 2019, Cropin started to collaborate with Punjab Agri Export Corporation in an effort to develop a system so that potato seeds could be traced in order to prevent counterfeit seeds.

The company became part of a global partnership in 2021 when it joined the European Carbon+ Farming Coalition, an initiative by the World Economic Forum to achieve carbon neutrality goals of the European Green Deal.InDeal. In the same year, 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. Its partnerships expanded even more globally in 2022 when Cropin partnered with Heaven Sprout Foods to enhance agricultural digitization in the Latin American region.

Cropin has received honors and awards since its inception in 2010. Below is a list of them:

The company became part of a global partnership in 2021 when it joined the European Carbon+ Farming Coalition, an initiative by the World Economic Forum to achieve carbon neutrality goals of the European Green Deal.In the same year, 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. Its partnerships expanded even more globally in 2022 when Cropin partnered with Heaven Sprout Foods to enhance agricultural digitization in the Latin American Regionregion.

• Cropin was chosen as Economic TimesEconomic Times SDG Champion Winner for 2019.

• Cropin ranked in DeloitteDeloitte Technology APAC Fast 500.
• Cropin became the winner of the World Bank World Bank 2020 Innovation Challenge.

Cropin is an agri-techagritech company known for its SaaS basedSaaS-based solutions aimed to enhance the traditional agricultural process with the help of cloud computing. Its products suchinclude asa Farmfarm Managementmanagement Solutionsolution, Farmfarm Riskrisk &and Assessmentassessment Solutionsolution, Supplysupply Chainchain Traceabilitytraceability Solutionsolution, Seedseed-to-shelf totraceability Shelf Traceability Solutionsolution, etc. In June 2021, Cropin joined the EuropeanIt Carbon+was Farmingfounded Coalition, anin initiative2010 by Krishna Kumar and Kunal Prasad who are the CEO Worldand COO of the company respectively. Initially, Cropin directly interacted with the Economicfarmers Forumbut in 2011, it shifted its business model to achieve carbon neutrality goals of the European Green DealB2B.

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.

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 (AI), machine learning, and deep tech. Since its inception, Cropin has been able to digitize over 16 million acres of farmlands. Its database consists of about 7 million farmers with in-depth data on 400 crops and about 10,000 crop varieties.

Cropin’s first SaaS product named SmartFarm was launched in 2012 and it is now known as SmartFarm Plus. It is intended to be used by smaller farms to predict and monitor farm production with weather and satellite data. SmartFarm Plus enables the digitization of farms to enable data-driven decision-making with a farm management solution.

Cropin introduced farm-to-fork traceability solution in 2016. RootTrace, formerly known as mWarehouse, is designed for farming companies that are seeking to expand by building facilities to manage the output that comes with the harvest. It helps those companies by offering features that would make the product traceable, such as QR codes and barcodes.

The company also developed SmartRisk, a predictive modelling solution using AI and machine learning. SmartRisk primarily aids banks and insurance companies to evaluate risks at the farm plot level. In the first quarter of 2019, Cropin used this technology to conduct the crop cutting experiment (CCE) using scalable yield mapping technology through remote sensing in the Koppal and Bellary districts of Karnataka.

AcreSquare is a software solution that was developed by Cropin and it acts as a communication channel. It helps farmers to record all in-field activities, administer help or alerts, and digitize farm-level operations. It is intended to give the farmers the most up-to-date information about their farm so that they can make the best decision for their operations.

The company developed a cloud platform called Cropin Cloud. Farmers and others in the agriculture industry can use the platform to accelerate business growth using the technology that Cropin has developed. Clients that use Cropin Cloud can have access to solutions such as Cropin Apps, Cropin Data Hub, and Cropin Intelligence, the company's AI models.

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 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.

Cropin Cloud Introduction

Cropin has partnered with many companies, organizations, and government entities to implement their solutions in India and globally. In 2017, it started to work with ITC, McCain, Mahindra & Mahindra, Mars, BigBasket, Sahyadri and state and central governmental agencies. In 2018, Cropin started to work with Government of Karnataka in order to digitize the farming sector.

In 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.

Cropin partnered with the Government of India in 2018 and 2019 to implemented crop cutting experiments through AI and machine learning for the Pradhan Mantri Fasal Bima Yojana, a crop insurance scheme backed by the government. In 2019, Cropin started to collaborate with Punjab Agri Export Corporation in an effort to develop a system so that potato seeds could be traced in order to prevent counterfeit seeds.

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.

The company became part of a global partnership in 2021 when it joined the European Carbon+ Farming Coalition, an initiative by the World Economic Forum to achieve carbon neutrality goals of the European Green Deal.In the same year, 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. Its partnerships expanded even more globally in 2022 when Cropin partnered with Heaven Sprout Foods to enhance agricultural digitization in the Latin American Region.

Cropin has received honors and awards since its inception in 2010. Below is a list of them:

• Cropin was chosen as Economic Times SDG Champion Winner for 2019.

• Cropin ranked in Deloitte Technology APAC Fast 500.
• Cropin became the winner of the World Bank 2020 Innovation Challenge.
• Cropin won the AWS Innovation Challenge for its product, SmartRisk.

• Cropin won the GEF challenge at the COP26 summit.

• Cropin won Climate Innovation Challenge award.