Milestone · Agriculture & Food Systems
Fyllo scales agritech with AI and IoT sensors
By Startup Enthusiast ·
- Date
- Company
- Fyllo
- What it does
- AI climate risk for farmers
- Kind
- Milestone
- Based in
- Bengaluru
- Founded
- 2019
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
- India Quotient (investor)
- SIDBI Venture Capital (investor)
- Triveni Trusts (investor)
- Indian Angel Network (investor)
Founders
- Sudhanshu Rai, Co-founder
- Sumit Sheoran, Co-founder
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