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Wednesday / October 16. 2024
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The platform is set to make the procurement process more streamlined, transparent, and accessible to customers across rural India.

Safex Chemicals-backed AgCare Technologies has started an online marketplace ‘Golden Farms’ to digitise the agricultural input supply chain in India.

In January 2023, Safex Chemicals invested Rs 100 crore in AgCare Technologies. Delivering over 16,000 PIN codes, the mobile app allows customers to procure inputs required in agriculture directly from manufacturers, ensuring better pricing and higher product quality, said Safex in a statement.

The platform is set to make the procurement process more streamlined, transparent, and accessible to customers across rural India. Currently, the app offers 22 agrochemical products, with herbicides making up 35 percent and insecticides accounting for 45 per cent of the portfolio. The platform has already onboarded over 16,000 dealers spread across the country.

This extensive dealer network ensures the widespread availability of agriculture-related products, enabling the company to serve a large customer base.

Safex Chemicals Founder-Director S K Chaudhary said, “By delivering to over 16,000 PIN codes, the platform aims to unlock value for the manufacturers and dealers while improving efficiencies across the board”.

Chaudhary also added that with our dealer network already surpassing 16,000 and our growth plans targeting a CAGR of 20-25 percent over the next five years, we see Golden Farms becoming the go-to platform for all agricultural input purchases in India,

The mobile app supports purchases ranging from 10 litres to 10,000 litres, catering to all sizes. Additionally, the app provides real-time updates on weather, mandi prices, and personalised crop advice, ensuring that customers receive region-specific information to optimise their farming operations.

The platform also incorporates real-time inventory management, helping dealers monitor stock levels efficiently and avoid losses due to unsold products.

The platform is set to make the

The company plans to launch an interactive technology platform to integrate the entire value chain in the agri-economy

Agrochemicals maker Safex Chemicals Ltd has announced its plans to invest Rs 100 crore in its new agri-tech arm, AgCare Technologies, in the next three to four years for launching an interactive tech platform and for setting up a manufacturing unit.

Safex Chemicals will be leveraging its existing domain expertise for setting up the tech platform. The company has already made some investment in technology and plans to expand the team gradually.

The company’s revenue is expected to increase to Rs 1,220-1,250 crore by end of 2022-23 fiscal with the recent acquisition of UK-based Briar Chemicals, from Rs 783 crore in the previous fiscal. Currently, Safex Chemicals has six manufacturing units in India, one in the UK.

The company mentioned that the plan is to launch an interactive technology platform to integrate the entire value chain in the agri-economy. Key stakeholders, especially farmers, can buy quality crop protection products and get services like weather updates, experts’ help and mandi rates on this platform. A pilot study of this interactive tech platform will be conducted in January-March. We plan to go live in the next fiscal year. A new manufacturing unit will also be set up to meet the demand of existing and new products like cattle feed solutions that will arise from the proposed platform.

The company plans to launch an interactive