# StarAgri

StarAgri is an integrated agritech solutions company established in 2006 by former ICICI Bank associates. The company provides services across the agricultural value chain, including warehousing, collateral management, procurement, trade facilitation, and financial services.

## History

StarAgri was established in 2006 by Suresh Goyal, Amit Goyal, Amith Agarwal, and Amit Khandelwal to develop warehousing capabilities for India’s agricultural sector.
In 2008, StarAgri expanded its services by introducing Collateral Management Systems (CMS) and Warehouse Receipt Financing (WRF) and started integrated lab testing services.
By 2012, StarAgri entered procurement and trade finance through its subsidiary, FarmersFortune (India) Private Limited. In 2015, it launched Agriwise Finserv, an NBFC platform offering financial solutions like Warehouse Receipt Financing.
In 2016, StarAgri introduced Agritrade, an e-marketplace for agricultural commodities. In 2019, it developed Agrigates, a warehouse management system designed to enable real-time tracking of commodity movements.
In 2021, StarAgri partnered with banks for co-lending and launched AgriBhumi, a data-driven platform offering crop advisory services using AI, ML, and remote sensing. In 2022, the company expanded globally to Africa, including Nigeria, Tanzania, Uganda, and Zambia
By 2023, StarAgri had a network of 1,380 warehouses across India, began operations in the Middle East, and integrated blockchain technology into CMS and WRF operations. In 2024, it introduced geo-tagging and cadastral mapping for farmland monitoring and completed a crop estimation project using remote sensing technology.

## Operations and Service

StarAgri operates a network of 2,189 warehouses across 19 states in India, with a storage capacity of 5.2 MMT. The company's services include:
Warehousing: Offer storage facilities for non-perishable agricultural commodities.
Collateral Management: Providing warehouse receipt-based financing in partnership with over 24 banks, including State Bank of India, HDFC Bank, and ICICI Bank.
Procurement and Trade Facilitation: Sourcing agricultural commodities for customers through 1,165 warehouses across 16 states.
Digital Platforms: Enabling input-output linkages and trade through Agrigates, agribazaar Tradefloor, Marketplace, and AgriBhumi.

## Subsidiaries

Agriwise Finserv Limited: A non-banking financial company (NBFC) offering loan products such as business loans against property, commodity loans, and supply chain financing
FarmersFortune (India) Private Limited: Engaged in the procurement, trade, and export of agricultural products, along with farming and contract farming.
Star Agribazaar Technology Private Limited: Provides digital solutions, including the agribazaar platform, to enable smart farming and trade.

## Timelines

2008: Launched collateral management services and warehouse receipt financing
2012: Introduced procurement and trade finance through FarmersFortune.
2015: Founded NBFC, StarAgri Finance Limited for financial services for the agricultural sector.
2016: Launched agribazaar, an e-marketplace for agricultural commodities.
2019: Developed Agrigate, a warehouse management system integrated with blockchain technology.
2021: Introduced AgriBhumi, a data-driven platform for crop advisory services.
2024: Implemented geo-tagging for farmland and cadastral mapping for yield estimation.

## Partnerships

StarAgri has partnerships with 24 banks, including Canara Bank, Karnataka Bank, and Axis Bank, to provide financing solutions to farmers and traders. In 2014, Temasek Holdings invested ₹250 crore, which was allocated for developing assets such as warehouses and logistics facilities.

## Awards and Recognitions

2008: TATA NEN Hottest Startups Award
2015: Award for Outstanding Performance in Supply Chain and Logistics from Global Grain Food & Feed
2020-21: NCDEX Krishi Awards
2022: Global Agri Technology and Innovation Award for agribazaar
2022: NCDEX recognition for contribution as an Outstanding Warehousing Service Provider - Customer Satisfaction
2023: Spotlight Award - Warehouse Service Provider at the NCDEX Commodity Awards
2024: Leading Warehouse Service Provider in Agri award at MCX Awards