StarAgri: Supply Chain Hub
Year: 2006
Founders: Suresh Goyal, Amit Mundawala, Amith Agarwal, Amit Khandelwal
Funding: $27.8M from IDFC PE (2012) $41.7M from Temasek (2014) Additional capital from Investcorp ($30M in 2012)
Investors: IDFC Private Equity, Temasek Holdings, Investcorp
Introduction
StarAgri, founded in 2006, is India’s largest integrated agritech supply-chain platform offering warehousing, digital market access, collateral financing, procurement, and value-added solutions. With over 2,189 scientific warehouses across 19 states and emerging global presence, they serve more than 300,000 farmers—syncing storage, trading, and finance in one seamless network.
Tackling Agricultural Challenges
Fragmented storage systems, post-harvest spoilage, lack of farm-level financing, and unreliable price discovery plague Indian agriculture. StarAgri combats these issues by offering scientific warehousing, collateral loans via Warehouse Receipt Financing (WRF), and digital trading through Agribazaar and Agritrade. Their tech stack includes inventory management (AgriGate), satellite-backed farm profiling (Agribhumi), and blockchain-powered supply-chain visibility—helping farmers reduce loss, gain liquidity, and access fair trade.
Key Offerings
- Scientific warehousing (2,189+ sites, 5.2 MMT capacity).
- Collateral management & financing through 24+ banks & NBFCs,.
- Digital marketplace: Agribazaar, Agritrade & Agripay wallet
- Supply chain tools: AgriGate, FastTrack, geo-tagging, remote sensing.
- Value-added services: Commodity testing (Star Labs) and agronomy app Agribhumi.
Real Impact
StarAgri manages ₹16,286 Cr in collateral as of 2024—double from 2022—while empowering over 2 million MT of warehousing for 145,000+ stakeholders including FPOs, processors, and corporates. Their digital platforms stream 𝘾₹14,000 Cr in commodity financing and handle ₹3 Billion via Agripay—reducing intermediation costs from ~3.25% to under 0.5% and boosting farmer income.
Success Story
A farmer from Madhya Pradesh cut out intermediaries by using Agribazaar and pledged produce in StarAgri warehouses for WRF loans. He saved on transportation, reduced spoilage, and secured better prices through transparent bidding—demonstrating the power of their integrated model .
Lessons for Agri-Startups
- Build full-stack platforms: warehousing + finance + marketplace = ecosystem value
- Adopt asset-light models: lease partnerships enabled rapid expansion
- Use tech for transparency: integrate blockchain, AI, and remote sensing in logistics
- Embed financial tools: WRF and digital wallets unlock farmer liquidity & trust.
- Scale with trust: deep partnerships with banks, FPOs, and government facilitate nationwide trust.
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