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India’s agrifoodtech startup sector witnessed a dramatic surge in investment last year, with total funding rising more than threefold to $2.5 billion in 2024.
The significant growth was largely driven by quick commerce platform Zepto, which raised $1.4 billion across multiple funding rounds, according to a new report.
Report Highlights Soaring Investment Trends
Investment firm Omnivore, in collaboration with AgFunder, released the ‘Developing Markets AgriFoodTech Investment Report 2025’ on Wednesday.
The report showed that India’s agrifoodtech sector secured $2.5 billion in funding in 2024, a sharp rise from $806 million the previous year.
Also Read: India’s Consumer And Retail Sector Leads Deal Activity In Q1 2025: Grant Thornton Report
“Top funding rounds in India during 2024 reflect strong investor interest in eGrocery and restaurant-related startups, which align well with India’s urban density and large consumer base,” the report noted.
It also highlighted that Midstream Technologies emerged as a strong-performing sub-sector within India’s agrifoodtech space.
Zepto Leads Global Agrifoodtech Fundraising
India’s Zepto stood out as the best-funded agrifoodtech startup globally in 2024, raising nearly $1.4 billion through three late-stage deals.
This performance solidified the company’s position as a leader in the eGrocery segment, which continues to attract major capital due to rapid consumer adoption in urban India.
While overall deal activity declined 8.4% year-on-year to 523 deals globally indicating fewer but larger investments the total value of investments in developing markets still climbed significantly.
According to the report, agrifoodtech investments in developing markets reached $3.7 billion in 2024, a 63% increase over 2023, accounting for 23% of total global funding in the sector.
India Outpaces Other Nations In Agrifoodtech Funding
India led the pack among developing nations with a 215% increase in agrifoodtech investment. Other countries that saw notable year-over-year growth included:
- Vietnam: $87 million (+350%)
- Mexico: $97 million (+250%)
- Singapore: $172 million (+3%)
- Chile: $58 million (+33%)
These figures reflect a broader shift in investment focus toward emerging markets where food and supply chain innovation is rapidly scaling.
With companies like Zepto attracting record-breaking capital and sub-sectors such as Midstream Technologies gaining momentum, India’s agrifoodtech ecosystem is poised for continued expansion.
As global investors increasingly look to developing markets for scalable innovation, India is emerging as a core driver of agri-tech transformation.
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