In conversation with, Chetan Suvarna, Co-Founder, Agribid Private Limited.
1. Kindly tell us about the services you provide?
Agribid Private Limited is an agri-tech startup that provides a digital platform connecting farmers directly with buyers, enabling them to sell their produce at fair prices. Our platform also offers real-time market insights and data analytics to help farmers make informed decisions. Additionally, we provide logistics and financing solutions to our customers to ensure the smooth delivery of their products.
2. What triggered you to come up with Agribid? How did this idea generate?
As someone who comes from an agricultural family background, I witnessed first-hand the challenges faced by farmers in selling their produce at a fair price. Farmers often have to deal with intermediaries who offer them low prices for their crops, which significantly reduces their income. This motivated me to create a platform that connects farmers directly with buyers, eliminating intermediaries and ensuring fair prices for the farmers. Along with my co-founder, we developed the idea for Agribid and decided to create a digital platform that leverages technology to empower farmers and improve their livelihoods.
3. What are the USPs of Agribid? What sets you apart from others?
One of the unique selling points (USPs) of Agribid is our focus on connecting farmers directly with buyers, which eliminates intermediaries and ensures fair prices for farmers. Additionally, we provide real-time market insights and data analytics, which enables farmers to make informed decisions about their crops.
Another USP of Agribid is our commitment to providing logistics and financing solutions to our customers, ensuring a smooth delivery process and payment security.
Finally, our platform is user-friendly and accessible, even for farmers who have limited technology access and literacy. We provide a seamless and hassle-free experience for both farmers and buyers, which sets us apart from others in the industry.
4. How and where do you operate? What’s your business model?
Agribid operates through a digital platform, which is accessible to farmers and buyers across India. Our business model is based on taking a commission from buyers on each transaction conducted through our platform. We do not charge any fee to the farmers and it will be a free for life model for farmers.
We work directly with farmers to onboard them onto our platform and provide them with training and support to help them sell their products effectively. At the same time, we engage with buyers to understand their requirements and connect them with farmers who can meet their needs.
Our operations are currently focused on specific regions within India, but we plan to expand our reach to other parts of the country in the future.
5. Please tell us about programs you have crafted for Farmers / Business Owners?
Agribid has several programs that are designed to support farmers and business owners.
For farmers, we provide training and support to help them use our digital platform to sell their crops effectively. We also offer financing solutions, such as loans, to enable farmers to invest in their crops and increase their yield.
Additionally, we have established a network of warehouses and logistics providers, which enables us to provide storage and transportation solutions to farmers. This helps to prevent crop wastage and ensures that the products are delivered to the buyers in good condition.
For business owners, we offer real-time market insights and data analytics, which help them to make informed decisions about their purchases. We also provide them with access to a wide network of farmers, enabling them to source their products directly from the source at fair prices.
Overall, our programs are designed to empower farmers and business owners and to facilitate a more efficient and transparent agricultural supply chain.
6. What type of clients have you catered to your service?
At Agribid, we cater to a wide range of clients within the agricultural supply chain.
On the supply side, our primary clients are farmers, who use our digital platform to sell their crops directly to buyers. We work with farmers across various crops, including fruits, vegetables, grains, and spices.
On the demand side, our clients include retailers, wholesalers, and food processing companies who use our platform to source their agricultural products directly from farmers.
We also work with logistics providers and financing institutions to provide our clients with end-to-end solutions for the transportation and financing of their agricultural products.
Overall, our clients span the entire agricultural supply chain, from farmers to end-users, and we work to connect them seamlessly through our digital platform.
7. How does your client benefits from using your services?
There are several benefits that our clients can expect when using Agribid’s services.
For farmers, our platform provides them with access to a wider market, enabling them to sell their products directly to buyers at fair prices. By eliminating intermediaries, farmers can earn higher incomes and improve their livelihoods. Additionally, we offer training, support, and financing solutions to help farmers increase their yield and reduce crop wastage.
For buyers, our platform provides them with real-time market insights and data analytics, enabling them to make informed decisions about their purchases. By sourcing their products directly from farmers, buyers can ensure the quality and traceability of their products while also reducing their costs.
Finally, our platform provides end-to-end logistics and financing solutions to ensure a smooth and hassle-free delivery process, which benefits both farmers and buyers.
Overall, our clients benefit from increased transparency, efficiency, and profitability within the agricultural supply chain when using our services.
8. Any feedback you remember given by your clients?
Yes, we have received positive feedback from many of our clients. Some of the feedback we have received includes:
Farmers have reported that they have been able to earn higher prices for their crops through our platform, which has improved their incomes and livelihoods. They have also appreciated the training and support we provide to help them sell their products effectively.
Buyers have reported that our platform has helped them to reduce their costs and improve the traceability of their products. They have also appreciated the real-time market insights and data analytics we provide, which have enabled them to make informed decisions about their purchases.
Logistics providers and financing institutions have appreciated our commitment to providing end-to-end solutions, which have enabled them to provide better service to their clients.
Overall, we are encouraged by the positive feedback we have received from our clients and remain committed to providing them with the best possible service.
9. On what parameters do you measure results?
At Agribid, we measure our results on several parameters to ensure that we are delivering value to our clients and achieving our business objectives. Some of the key parameters we measure include:
Transaction volume: We measure the total value of transactions that are conducted through our platform, which reflects the level of adoption and usage of our services.
Client satisfaction: We regularly gather feedback from our clients to measure their satisfaction with our services. This helps us to identify areas for improvement and ensure that we are meeting their needs.
Revenue growth: We track our revenue growth to ensure that our business is sustainable and that we are achieving our financial objectives.
Market share: We monitor our market share to understand our position within the agricultural supply chain and to identify opportunities for growth.
Social impact: We measure the social impact of our services on farmers and the agricultural sector. This includes tracking the number of farmers who have benefited from our platform and the improvements in their incomes and livelihoods.
Overall, we use these parameters to measure our performance and to guide our decision-making as we continue to grow and expand our services.
10. What are your GOALS 5 years down the line? Where do you see yourself after 5 years?
Our primary goal at Agribid is to transform the agricultural supply chain by leveraging technology to connect farmers directly with buyers and to improve efficiency and transparency within the sector.
In the next 5 years, we aim to expand our reach and impact by scaling our services across multiple regions and crops. We aim to be present in every state of India and also have a prominent presence globally. We also plan to introduce new services and features, such as real-time pricing and logistics solutions, to further streamline the supply chain and improve our clients' experience.
Our vision is to become a leading player in the agricultural e-commerce space, with a strong presence in multiple markets and a reputation for excellence and innovation.
In addition to our business goals, we are committed to making a positive social impact by empowering farmers and improving the sustainability of the agricultural sector. We aim to reach and benefit millions of farmers across the globe, enabling them to increase their incomes and improve their livelihoods.
Overall, we are excited about the potential for our platform to drive positive change within the agricultural sector and are committed to realizing our vision in the next 5 years and beyond.
11. How can one connect with you?
If you are interested in connecting with us, you can visit our website at www.agribidindia.com to learn more about our services and to contact us through our online registration process.
You can also follow us on social media platforms such as LinkedIn, Facebook, and Twitter to stay updated on our latest news and developments.
Additionally, you can reach out to us by sending an email to support@agribidindia.com, and we will be happy to respond to your inquiry as soon as possible.