Innoterra, a Swiss-Indian agri-tech platform, has won grant award of $6.3 million from the National Horticulture Board (NHB) for a 4-year tenure project to strengthen the banana cultivation supply chains in the Anantapur cluster in Andhra Pradesh, India (AP).

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The selection process was done by national agencies and involved review rounds with senior authorities from NABARD (National Bank for Agriculture and Rural Development), APEDA (Agricultural and Processed Food Products Export Development Authority) and ICAR (Indian Council of Agricultural Research).

Speaking about the award, Anup Karwa, Director Input Marketplace said, “The grant gives us a mandate to strengthen various facets of our supply chain from pre-production, post-harvest to logistics and marketing that will benefit smallholder farmers in the years to come.”

The company’s nutrition business comprising of perishables, non-perishables, dairy and cattle feed is a foundation and springboard for the platform business. Launched in April 2022, Innoterra’s platform connects the agricultural value chain with two digital orchestration marketplaces.

The input marketplace provides farmers with access to farm inputs and the output marketplace connects smallholder farmer households with retailers for offtake. Recently, Innoterra crossed the milestone of onboarding 327,300+ farmer households and 12,500+ retailers on its platform.

First Published:May 11, 2023 5:32 PM IST