AGRIBID PRIVATE LIMITED
REVOLUTIONIZING THE AGRICULTURE REALM WITH ITS CUTTING-EDGE DIGITAL SOLUTIONS
Driven by the ultimate goal of creating a social impact through simple, fast, and transparent agricultural transactions, Agribid Pvt. Ltd. is a rapidly expanding, farmer-friendly B2B marketplace, specialising in the sale and purchase of agri-commodities, involving participants throughout the agribusiness produce value chain, from farmers through traders & corporate consumers and global buyers.
With the vision to be the most preferred marketplace for Agri products globally, the innovative seed of Agribid was planted in late 2020 by Ashutosh Mishra, Manoj Suvarna & Chetan Suvarna, and it started its operation in January 2021. Since then, they have signed up more than 300 FPOs, introducing them to more than 2 lac farmers. The company has achieved its first year’s turnover in the first quarter of its second year in business. The company serves not only farmers but also traders, corporations, government agencies, banks, etc., and it continues to expand its clientele every day.
CHETAN SUVARNA Co-Founder
Work Culture – The Key Driving Force
There is a close-knit family atmosphere at Agribid, and every employee has worked with the founders in their previous companies. Hence, even though the company is just 1.5 years old, their professional relationships go back more than 7-8 years. Even as they increase in size, the management team wants the culture to stay the same. Their primary goal is to develop team members to become leaders and achievers. Therefore, they actively encourage feedback and fresh thinking.
Feathers in the Hat of Agribid
While working on the mission to touch upon the lives of the farming community and help them reach a broader marketplace, Agribid has achieved numerous awards and milestones just after its inception. Here are a few –
- It was acknowledged as the “Fastest Growing Digital Platform” in the Agri space
- The company has been honoured with the “Innovation in Agritech” at the 12th Aegis Graham Bell Awards, supported by the Ministry of Electronics & Information Technology.
- It was declared the “Most Innovative Startup 2022” at the prestigious Asia-Pacific Stevie Awards.
- Bagged the “Startup of the year 2022” at the recently concluded Indo-Asian Business Excellence Summit 2022
ASHUTOSH MISHRA Co-Founder
The Unbeatable Market Survival Strategies
The team currently places a greater emphasis on digital marketing techniques to advance their brand. They would like to run radio and small-town newspaper ads before the end of the year that is directed at India’s rural areas.
Agribid’s Insights on Leadership
“The action of leading a group of people or an organisation.” That is how the Oxford Dictionary defines leadership. But in simpler words, leadership is about taking risks and challenging the status quo. Leaders inspire followers to accomplish something more significant and newer. Leaders use the accomplishments and knowledge gained by the team to gauge success.
Transformation In the Startup Ecosystem
The startup ecosystem is constantly evolving; the only thing that remains consistent is the passion for finding solutions. Indian entrepreneurs are on the right track to providing superior goods and services as the nation has one of the most significant numbers of unicorns today.
Significance of R&D
At Agribid, R&D is considered the core of any business. Without R&D, they contend, the vision cannot be realised. Based on input from the research team and information they get from the ground, they have made numerous changes to the platform. Therefore, indeed, it aids in decision-making.
MANOJ SUVARNA Co-Founder
Future Prospects for Agribid
The company has already raised its 1st round of investments and is eager to expand its operations. They plan to expand the Indian base from 11 to 23 states and its Global presence from 3 countries to 9 by the end of this Financial Year. This geographical reach guarantees that the company’s turnover, revenue, and customer base will experience steady growth.
Further, they are focused on output sales in phase I. While in phase II, they plan to get into inputs such as seed, pesticide, fertiliser, etc. In the near future, the Agribid team hopes to serve as a one-stop destination for all agricultural-related trades.
Words of Wisdom to the Budding Entrepreneurs
Do not look to solve problems that do not exist. It is crucial to choose the problem statement you hope to address carefully. Spend more time on the ground, take notes, and learn from feedback. Before attempting to disrupt the market, do your research.
Dynamic Leadership
Chetan Suvarna- Co-Founder
Chetan Suvarna- Co-Founder, AgriBidIndia and an industry veteran with 15+ years of experience across financial and Agri commodities. He is an alumnus of Mumbai University, where he did his graduation. Experience and dedication are priceless possessions, and this has been consistently proved by Mr. Chetan. With his excellent guidance and dedication, he is leading the firm on higher latitude.
Chetan Suvarna’s Message to the Readers
I can say that they have a fantastic team of editors who keep supporting businesses by covering their stories. You
never know which tale will become a unicorn—additionally, wishing everyone a happy holiday season with several important festivals coming up.
