Prøve GULL - Gratis

A Crystal Ball for Farmers

Bloomberg Businessweek US

|

December 05, 2022

Cropin aims to help growers boost agricultural efficiency with technology

- Rebecca Penty

A Crystal Ball for Farmers

Gangavalli Naga Suresh and his ancestors have grown crops including corn, oil palm and rice in eastern India's Vijayawada region for generations, gazing at the sky to predict weather, sifting soil through their fingers to gauge moisture and jotting down yields and prices as well as dates for sowing, watering and harvesting. Four years ago, Suresh turned to technology to help him plan his 40-acre, family-owned farm. A service now gives him tailored advice for critical decisions, such as how much seed to sow and when to sow it, informed by meter readings of soil temperature and moisture content, satellite imagery of local weather patterns and artificial intelligence tools. "Technology helps me use materials and labor more precisely," says Suresh, standing in a field covered in wispy corn shoots. "My income has risen nearly 30%." Behind the farmer's efforts to optimize his operations is Bangalore-based Cropin Technology Solutions Pvt, which is building a global cloud-based service for agriculture. The startup reaches 7 million farmers in 100 countries through its 250 customers, which include seed giant Syngenta AG, consumer goods company Unilever Plc, the governments of India and Nigeria, and agencies such as the World Bank. Cropin's annual revenue is in the tens of millions of dollars, and it has raised $33 million to date, says its co-founder and chief executive officer, Krishna Kumar. He expects the company to come close to a $500 million valuation with its next investment round, which would help Cropin in its quest to become a Wikipedialike database for agriculture. "In a decade, we want t

FLERE HISTORIER FRA Bloomberg Businessweek US

Bloomberg Businessweek US

Bloomberg Businessweek US

Instagram's Founders Say It's Time for a New Social App

The rise of AI and the fall of Twitter could create opportunities for upstarts

time to read

4 mins

March 13, 2023

Bloomberg Businessweek US

Bloomberg Businessweek US

Running in Circles

A subscription running shoe program aims to fight footwear waste

time to read

3 mins

March 20 - 27, 2023

Bloomberg Businessweek US

Bloomberg Businessweek US

What I Learned Working at a Hawaiien Mega-Resort

Nine wild secrets from the staff at Turtle Bay, who have to manage everyone from haughty honeymooners to go-go-dancing golfers.

time to read

10 mins

March 20 - 27, 2023

Bloomberg Businessweek US

Bloomberg Businessweek US

How Noma Will Blossom In Kyoto

The best restaurant in the world just began its second pop-up in Japan. Here's what's cooking

time to read

3 mins

March 20 - 27, 2023

Bloomberg Businessweek US

Bloomberg Businessweek US

The Last-Mover Problem

A startup called Sennder is trying to bring an extremely tech-resistant industry into the age of apps

time to read

11 mins

March 20 - 27, 2023

Bloomberg Businessweek US

Bloomberg Businessweek US

Tick Tock, TikTok

The US thinks the Chinese-owned social media app is a major national security risk. TikTok is running out of ways to avoid a ban

time to read

12 mins

March 20 - 27, 2023

Bloomberg Businessweek US

Bloomberg Businessweek US

Cleaner Clothing Dye, Made From Bacteria

A UK company produces colors with less water than conventional methods and no toxic chemicals

time to read

3 mins

March 20 - 27, 2023

Bloomberg Businessweek US

Bloomberg Businessweek US

Pumping Heat in Hamburg

The German port city plans to store hot water underground and bring it up to heat homes in the winter

time to read

3 mins

March 20 - 27, 2023

Bloomberg Businessweek US

Bloomberg Businessweek US

Sustainability: Calamari's Climate Edge

Squid's ability to flourish in warmer waters makes it fitting for a diet for the changing environment

time to read

4 mins

March 20 - 27, 2023

Bloomberg Businessweek US

Bloomberg Businessweek US

New Money, New Problems

In Naples, an influx of wealthy is displacing out-of-towners lower-income workers

time to read

4 mins

March 20 - 27, 2023

Translate

Share

-
+

Change font size