Investments in technology startups in the agriculture and food sector in FY22 increased two-fold to $4.6 billion during the previous fiscal year.
It has been said in a report that the maximum amount has come from restaurants and e-grocery. This investment in Agrifoodtech startups is 119 percent more than in 2021. Meanwhile, the number of deals also increased from 189 to 234. Restaurant marketplaces and e-grocery were among the top gainers with $1.9 billion and $1.4 billion in funding, respectively. Restaurant marketplaces and e-grocery account for 66 percent of the total funding in AgriFoodTech.
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