Weather Risk Management Services (WRMS), based mostly in Gurgaon, is an agriculture and dairy threat administration agency co-founded by Sonu Agarwal, Anuj Kumbhat and Ashish Agarwal with the aim to empower small farmers and make farming sustainable and worthwhile. To this finish, it launched SecuFarm app, “a one-of-a-kind solution in the agri space, to offer farmers farm-level yield assurance by downscaling their risk using technology and data,” says Kumbhat, CEO and co-founder. “The SecuFarm app reaches farmers across India with the latest digital technology and handholds them to make sure they get a better yield by following the package of practices shared with them in their own language.”
Once farmers get enrolled, their farm is geo-tagged for farm-level monitoring. Post this, they begin getting customised crop administration advisory, climate forecast, irrigation advisory, and many others. “The app also links the farmers directly to agri experts to resolve their queries,” says Kumbhat. “It also offers post harvest market linkages to ensure they get best prices for their yield.” In case they don’t produce the assured minimal yield even after following the package deal of practices, the agency offers them well timed compensation. “SecuFarm is a complete income protection solution for the farmers that also drives them towards sustainable and climate smart farming practices,” he provides.
According to Kumbhat, WRMS is affiliated with over 2.5 mn farmers; in all, it has geo-tagged 1 mn acres of land, created 25,000 SecuFarms, and deployed over 10,000 IoT gadgets. Its subsidiary Ingen Technologies is a number one IoT producer of computerized climate stations, computerized irrigation methods, pest traps, survey drones and soil moisture sensors.
“By leveraging indigenous technology that’s backed by a team of 300 experts, we have built a strong reputation across 22 states of India and 15+ countries,” says Kumbhat. The agency is Ebitda constructive, and anticipates 50% development with out exterior capital injection over 3-5 years. “We have received funds from UPL, ILO, and the Ford Foundation so far. UPL, the world’s fifth largest agrochemical company, is our primary investor. We aim to take SecuFarm to a million farmers in 3-4 years,” he says.
Source: www.financialexpress.com”