India is an agrarian country. Indian agriculture accounts for almost 14 per cent of GDP and employs 52 per cent of the population. This is what makes it a very important sector which is however, under performing at the same time. In such a scenario, it has become necessary to come up with innovative agricultural technology solutions to meet the forthcoming demand and challenges.
Talking more about company’s product, Satyajeet Mahapatra, CEO, eXabit Systemssays, “We have built geographic positioning system (GPS)-based agriculture, site-specific and precision farming which includes computer-oriented technologies, agricultural decision support software, sensors and monitoring systems, GPS and mapping systems, predictive modelling technologies and imaging, etc. Our RobotiX-IoT platform offers the potential to automate and simplify the collection and analysis of information. It allows management decisions to be made and quickly implemented on small areas within larger fields.”
The dynamic startup is dedicated to enabling smart precision agriculture for mass using the power of IoT, cloud & mobile technologies. Its platform is built to solve problems of ‘Developing Agri-Economies for both individual growers & commercial agriculture’ in the following areas:
It was in 2013 that the team of four engineering college friends- Satyajeet Mahapatra, Amulya Mishra, Prashant Sahoo & Avinash Agarwal started working on their plan to do something on their own & do something towards “Solving some Real & Serious problems” of the society via their entrepreneurial venture. Eventually, in September 2014, they finally started eXabit with an aim to solve the issues and problems that farmers face on a regular basis.
Though they started providing post-harvest services that year, the work on the prototype of RobotiX was rolled out into the field in October 2015. After conducting several field trials across different geographies with various crops, it was ready for sale in July 2017.
Their aim was to make a farm-grade product, which can be deployed anywhere in just 15-20 mins & starts working almost without any human intervention.
This is how their journey started from asking friends and family for the initial investments and conducting field trials to get customers, to now when they have investors and more than 25 customers, 20+ pipeline customers across Pan India. In this way, the company and its founders have come a long way.
3-Reasons for eXhibit’s Future Growth & Risks Involved:
The team at eXabit believes that the continuous effort by government & various other social as well as private organizations to act responsibly towards safe food production, sustainability focus, understanding the need of precision agriculture, more food requirement & bringing transparency in dealing with various farmer & farming schemes will contribute towards the acceptance of its technology at all levels. The promotion towards Digital India & converting all possible data into digital information will also contribute towards opening up the market to their platform.
Agriculture is being treated at present mostly as a monsoon dependent industry. Commodity pricing volatility, absence of mechanism to have a clear & mutual beneficial law towards contract, community & co-operative farming affects the moral & economic viability of their individual & enterprise consumers on time to time basis. However, with the recent suggestion of NITI Aayog, government’s pro-activeness throughout the country towards agriculture & overall food safety, GAP (Good Agricultural Practise) requirement at an international market level is giving the team confidence to move their planned path.
eXabit’s Success Story for Individual Farmers
Muniratham, a farmer in his mid-fifties, in Kuppam, Andhra Pradesh, witnessed his crop yield fall by half following damage to his crops as he was unable to take serious notice of the details being sent to him on his phone. The previous cycle when he did notice them, his yield had been better than ever. The notifications were being sent to him by eXabit’s RobotiX & TactiX – a comprehensive agri IoT platform, that he had set up at his farm. It was this product that helped him to understand the reasons for the loss in the second and take corrective steps to get the optimum results again. This is where a product like RobotiX aims to come in and change the way of not only how farming is done in the country but also improve lives of farmers by taking care of the problems that usually lead to crop damage.
Through its IoT platform, the farmer is guided in a way that not only protects the crop from damage but is also able to increase the gross output of crop by using precision farming practice. RobotiX IoT platform’s farm automation on real-time basis makes sure to use natural resources like water in a proper way as well as to increase the field labour efficiencies to focus on other critical aspects of the crop by allowing him/her to leave the monotonous job of managing the motor, irrigation, valves, sprinklers, so and so forth to the RobotiX on-field device. It roughly saves around half labour for the farmer/grower per month towards monitoring, controlling & taking care of certain activities which now via RobotiX does at a fixed cost (which is again on rent).
No Annual Hike, No Leaves, No Need of Food, TA & DA.
Available on field 24×7!! A targeted 20~25% gross margin improvement for the farmer.
Achievements Witnessed so Far:
DIPP-4341/StartupIndia, Govt of India
- Winner Design4India Award-2017, by NASSCOM Design4India Council.
- NASSCOM Emerge 50 Companies 2017.
- Best Start-Up RISC-2017, Agri & Allied Sector; NIRD&PR (from Ministry of Rural Development & PR, Govt. of India)
- Top-6 Companies-2017, ISB Envision Accelerator (from Indian School of Business)
- Top-8 Companies-2017, CISCO Cohort-3 Accelerator (A CISCO System Inc Initiative)
- Top-25 Tech Start-up -2016, Govt. Of Karnataka, Dept. of IT & BT (from Govt Of Karnataka)
- Top-10 Innovative Company, Small Enterprise Award-2016 (from Aspire Media, Small Business Magazine)
- Best Showcased Agri-Start up-2016, TiE Coimbatore (from Erode,TN, Agri Entrepreneurship Summit)