Business Category: Agriculture B2B Biotechnology Data Analytics Internet of Things SaaS Technology
Startup Stage: Proof of Concept/Prototype
Support Required: Funding Mentoring Office Space Others
Fund requirement (): 9500000
Structure of the Company: PVT Ltd.
Executive Summary: Skyware provides cutting-edge Technology solutions for Agri warehouses. Our vision is to revolutionise the post-harvest industry through the data-driven intelligent decision-making system.
Market need: According to the UN report, every year 1.3 Billion metric tonnes of food is wasted in the post-harvest space i.e they don’t even reach the markets after they are harvested from the field. In India, annual storage losses have been estimated at nearly 100-million tonnes worth Rs. 93,000 crores This results in food shortages, seasonal availability, and increased pricing of the commodity for the regular people. Through extensive market research and analysis, we discovered that these huge storage losses are the result of unscientific storage methods based on assumptions, spoilage caused by insects, rats, rodents, microorganisms, and so on, and a lack of a viable system to track environmental impact inside the warehouses. The agricultural warehousing market was valued at INR 145.82 billion in 2019 and is expected to reach INR 365.75 billion by the end of 2024.
Product/Service description: Skyware aspires to trim down these massive losses through IoT and AI-enabled scientific storage systems that forecast spoilage using real-time data modeling and optimize the shelf life of the harvest. We provide IoT-based monitoring devices to deeply understand the behaviour of the commodity with respect to the environment it has been kept in with AI-backed virtual assistants for automated maintenance and remote support through our SAAS model.
Customers/Users: We are at the pre-revenue stage. Our business strategy is b2b and b2g with potential channels in the public and private sector which includes Food corporation of India, CWCs and SWCs, private warehousing companies, Cold storage, farmer associations, Agri Exporters and supply chain service providers.
Revenue Model: Our revenue generation is through direct product sales of our hardware and software products. As the product evolves, our data generated over the period will serve as an asset. We would target insurance companies to sell our data for faster claims, we will also serve as a research consultancy for the warehousing of Agri commodities. Our ultimate vision is to operate as a remote warehousing company and aggregate warehouses all over the country.