Hydenmet plans to capture a majority of the small and marginal farmers segment
Bengaluru-based start up Hydenmet, has raised $150k from angel investors through ah! Ventures Angel platform.
Hydenmet was incorporated in 2019 and won the state of Bihar as their customer in August 2019 when they developed a mobile application called ‘Indravajra’ for detection and early warning of lightning and dangerous thunderstorms.
Hydenmet plans to capture a majority of the small and marginal farmers segment, which has been ignored by all largest agritech players by creating a unique per acre per year pricing model for a range of support services offered to farmers working with Farmer Producer Organizations (FPOs). Hydenmet has 3-year contracts signed with over 25 FPOs covering 50,000 acres of cultivation spread over 3 states since 2021 February. Of the 100 million acres of cultivation in India by small & marginal farmers, even if Hydenmet gets 5 per cent in the next few years, they can see revenues of Rs 2000 crores per year.
