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Milestone · Agriculture & Food Systems

Fyllo scales agritech with AI and IoT sensors

By ·

Date
Company
Fyllo
What it does
AI climate risk for farmers
Kind
Milestone
Based in
Bengaluru
Founded
2019
Sector
Agriculture & Food Systems

What they do

Fyllo provides AI-driven climate intelligence and IoT sensors to help farmers optimize irrigation and fertilization

What happened

The company has raised close to $6 million and serves over 13,000 farmers across India

Why it matters

Fyllo aims for profitability next year with a ₹15 crore revenue target for FY26

The details

  • Fyllo is an Indian agritech startup founded in 2019 by Sudhanshu Rai and Sumit Sheoran.
  • The company has raised close to $6 Mn from investors including India Quotient and SIDBI Venture Capital.
  • Fyllo operates an AI-powered climate risk intelligence platform using IoT devices for localized data collection.
  • The firm helps farmers decide on irrigation and fertilization timing based on ground sensors and weather models.
  • It employs a hardware-plus-subscription model offering weather prediction and consultation services to its clients.
  • Fyllo focuses on high-value crops like grapes in specific geographies to avoid multiple product pivots.
  • The company has deployed approximately 24,000 devices across India serving over 13,000 farmers.
  • Fyllo targets a ₹15 Cr topline revenue for FY26 while working towards profitability next year.

The bigger picture

  • India's $9 Bn agritech market is projected to reach $28 Bn by 2030 at a 25% CAGR.
  • The broader agriculture sector aims to grow from $650 Bn to $3.1 Tn by 2047.
  • Fyllo maintains a high subscription retention rate of ~90% since its inception in 2019.
  • The startup collaborates with IIT Bombay to develop cost-effective soil sensor technology.
  • Founders built trust by working alongside farmers daily after early struggles with advice adoption.

About the business

  • Fyllo uses IoT devices to collect localized agricultural data for its climate risk platform.
  • Its advisory layer translates complex data into actionable guidance for crop management decisions.
  • Farmers use the system to optimize irrigation and fertilization timing for better yields.
  • The business model relies on selling hardware devices along with recurring subscription fees.
  • Fyllo offers weather prediction and consultation services as part of its core product suite.
  • The company focuses on one crop type per geography to maintain operational simplicity and focus.
  • Primary sensors track moisture and temperature at two depths using electromagnetic signals.
  • Data is delivered via a mobile app and dashboard featuring simple metrics and charts.
  • Advisory suggestions align with locally available fertilizers and chemicals for practical implementation.

What happens next

  • Fyllo hopes to achieve profitability next year after currently operating at a loss.
  • The company continues to expand its device deployment at a rate of 2,500 units monthly.

Investors

Founders

  • Sudhanshu Rai, Co-founder
  • Sumit Sheoran, Co-founder

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