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AgNext plans expansion in Vietnam and Middle East

Agnext is yet another new-age Indian tech start-up that’s simplifying lives by addressing food quality issues. Having raised $25 million.

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PCQ Bureau
New Update
Expansion

Agnext is yet another new-age Indian tech start-up that’s simplifying lives by addressing food quality issues. Having raised $25 million since its inception in 2016, now the company is all geared up to establish its base in Vietnam and the Middle East. The project in question for this sector is called the GRAFT challenge.

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With this particular project, the Agritech entrepreneurs from across the globe can escalate into Vietnam and eventually in any corner of the world.

Future plans involve developing advanced censors in their lab, massive data collection, and the creation of an advanced AI model to give instant information. This is in turn accompanied by two benefits. The first is a massively improved agricultural output, and the second is solving the issues in the value chain.

The first stage of the AgNext GRAFT challenge involves establishing a base in Vietnam and depending on the progress the next steps include setting up offices even in the Middle East. Inadequate quality assessment in the agricultural sector results in an estimated $90 billion loss, and that’s where the startup is trying to make a difference. With the clever use of AI, machine learning, data analysis, and other Saas and technology products, they are able to make effective changes in the segment.

In 2021 the company raised $21 million in funding and they are working towards further enhancing their operations. Having benefitted the Indian market by going live in over 1500 locations, AgNext is all set to make a mark for itself in both Vietnam and the Middle East.

Subrat Panda founder of the company shared his thoughts on this recent development, stating that they are working closely with local leaders to begin activities in Vietnam in the food-quality space and plans to set up offices in the Middle East very soon. While AgNext is being cautious about where it steps next, the need for rapid growth still remains.

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