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Role of supply chain finance in shaping the future of agri finance

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India plays a vital role in the global agriculture sector, providing a livelihood for a large portion of its population. In 2022-23, the agriculture sector employed around 45% of the workforce and contributed 18% to India’s gross value added (GVA), according to report by PRS India.

Yet, the complexity of agricultural supply chains remains a significant challenge. This value chain starts from suppliers and extends through production, trading, processing, food logistics, and finally, the retail sector.

At each stage, the need for funding is both imperative and significantly challenging. For example, farmers need substantial capital to buy essential inputs like seeds, fertilisers, and equipment—costs that can be particularly burdensome for small and marginal farmers. During production, they must also manage ongoing expenses, including labour, water, and machinery maintenance. These financial demands often create cash flow problems as farmers struggle to meet their obligations while waiting for their crops to be harvested.

The financial challenges don’t just end there. A prominent issue is the difficulty in achieving economies of scale. Large-scale agricultural innovations require extensive farming areas to be cost-effective and justify their high initial investments. This presents substantial financial hurdles for small and marginal farmers, limiting their ability to grow and improve productivity. They also face difficulties due to poor credit histories and insufficient collateral, making securing loans from traditional financial institutions hard.

In many districts, less than half of the credit comes from formal sources, with the rest—over 51.5%—coming from informal channels, according to Nabard. This often forces farmers to turn to money lenders, which can be both costly and risky. On top of that, they struggle to maintain funds for unexpected emergencies, further complicating their situation.

To tackle these financial challenges, solutions like supply chain finance (SCF) are emerging, bringing much-needed innovation. While it has already proven effective in addressing funding issues across various industries, its potential in agriculture is still being fully realised. This gives farmers the necessary funds to purchase inputs, boosting production and, ultimately, their incomes.

Additionally, SCF solutions like payable finance enable traders to pay farmers and commission agents promptly, ensuring timely transactions. Sales bill discounting allows traders to receive early payments from reputable corporations, enhancing liquidity.

Lastly, dealer finance supports retailers and distributors by providing the liquidity and extended credit they need to operate efficiently. This is how SCF not only addresses financial challenges but also inspires and motivates the sector’s growth by increasing productivity and supporting the broader supply chain in India.

The government has also been actively working to increase the accessibility of funds for the agriculture sector. The Ministry of Agriculture allocated Rs 1,32,470 crore for 2024-25, representing 2.7% of the total central government budget. However, challenges like complicated procedures, regional imbalances, and high interest rates persist, making it difficult for many farmers to access these loans.

This is where fintech companies and financial service providers are stepping in. They’re developing innovative business models to expand the reach of SCF and improve its efficiency. For instance, invoice discounting platforms are one such innovation that enables farmers and traders to get early payments based on invoices, improving cash flow, and reducing reliance on informal lending.

With this, Digital Kisan credit cards, integrated with SCF, offer easy, short-term credit aligned with seasonal cash flow, allowing farmers to purchase inputs and repay after harvest. Moreover, warehouse receipt financing is an option that enables farmers to use stored goods as collateral to access funds, allowing them to sell at better market prices instead of during low-demand periods.

These alternative models offer efficient solutions to the financial challenges faced by farmers. By offering customised SCF products beyond traditional banking, they address key issues in Indian agriculture, such as the cost and speed of financing, seasonal cash flow needs, and the prevention of fund misuse. These fintechs are emerging as both competitors and partners to banks, providing low-cost financing options that help bridge the trust gap and effectively manage credit risk.

Additionally, leveraging digital data and partnerships, fintechs are making SCF more accessible to smaller businesses that traditional lenders often overlook. The availability of verifiable KYC data and the ability to assess actual transaction data between buyers and sellers provide a robust mechanism for managing credit risk, both during the onboarding of borrowers and throughout the loan’s lifecycle.

As a result, financial institutions are increasingly collaborating with technology platform providers to offer tailored solutions. One such approach, embedded finance, directly integrates financing options into agri-digital platforms or marketplaces that farmers use to buy inputs or sell produce.

For instance, a farmer purchasing seeds through a digital platform can receive immediate financing at the time of purchase, made possible by embedded SCF options that take into account their purchase history and creditworthiness. Ultimately, these platforms enable customised credit assessments and financing options by leveraging transaction data.

To sum up, the future of agri-finance truly lies in SCF, as it reshapes how the entire ecosystem is funded. The potential for SCF to transform India’s agricultural sector is huge, with the market expected to reach $13.4 billion by 2031. This growth, if realised, can bring about a significant positive change in the sector, offering hope for a more financially stable and prosperous future for the agriculture sector.

(Arun Poojari is the CEO and Co-founder of Cashinvoice, a digital supply chain finance platform)





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International destinations and spiritual connections shaped India’s travel sector in 2024

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Indians’ appetite for travel grew in 2024. The country is also witnessing a shift in travel preferences, with more people opting for offbeat destinations and eco-tourism, as well as a surge in solo and women travelers. 

According to the MasterCard Economics Institute’s latest report launched in May 2024, there has been a 21% increase in international travel compared to 2019, with a notable 4% increase in the first quarter of 2024.

Specifically, the number of visitors to the United States increased by 59% compared to 2019 while Japan saw a 53% increase in the number of Indian visitors compared to 2019.

The highest though—at 248%—were Southeast Asia countries. Vietnam has also become one of the main attractions for Indian tourists, according to the report.

“As we approach the year-end holiday season, we’re seeing a fascinating shift in travel preferences. Destinations like Thailand, Vietnam, London, and Bali have emerged as the top picks for international travel this winter witnessing an 80-100% YoY growth in bookings,” Aloke Bajpai, Group CEO, Ixigo, told YourStory.

“Interestingly, for the first time, Maldives has not featured in the top 10 most-searched destinations for year-end travel, reflecting a growing preference for more varied and immersive vacations over traditional hotspots,” he added.

The Gurugram-based OTA listed platform saw strong growth in flights at +43% YoY GTV (Gross Transaction Value) and buses at +46 %YoY GTV in Q2 FY25 vs Q2 FY24. 

“Our Monthly Transacting Users (MTUs) increased by nearly 43% YoY, reaching 3.43 million for the quarter. Flights and buses together now contribute about 60% of our company’s margins,” adds Bajpai.

The travel-tech company made a stellar debut on the exchanges on June 18, 2024, with shares surging 78.2% from its IPO price of Rs 93 per equity share. The IPO, which raised Rs 740 crore was oversubscribed 98.34 times, driven by strong demand from institutional, HNI, and retail investors. 

travel trends

Domestic travel

Bajpai shared that more travellers from Tier II and III cities are choosing international destinations.

“For example, airports like Varanasi, Vijayawada, Rajkot, and Jharsuguda have grown over 50% in passenger segments YoY for us. Additionally, our international flight GTV has grown at an impressive 47%, outpacing domestic flight growth,” he mentions.

Recently at the BOTT Knowledge Conclave: Tourism@2025 in New Delhi, Union Tourism Minister Gajendra Singh Shekhawat discussed India’s significant tourism growth. 

Key states like Uttar Pradesh, Maharashtra, Tamil Nadu, Karnataka, and Rajasthan have emerged as top destinations, benefiting from cultural festivals, wildlife tourism, religious pilgrimages, and rural tourism. 

Initiatives like the ‘Dekho Apna Desh’ campaign and state-level tourism promotion efforts have played a crucial role in this remarkable growth, further enhancing India’s appeal as a domestic travel destination.

According to the Ministry of Tourism, domestic tourist numbers have seen a remarkable increase of 95.64%. India’s ranking in the global travel and tourism development index (TTDI) has improved from 65 to 39. 

A biennial report published by the World Economic Forum, the TTDI measures the factors and policies that enable a country’s travel and tourism sector to develop sustainably and resiliently. 

He also mentioned that over Rs 6,800 crore has been invested in destination development, with Rs 3,295.76 crore approved to promote lesser-known tourism sites across states.

“On the domestic front, destinations like Jammu, Srinagar, and Dehradun are seeing a huge spike in bookings, highlighting a growing interest in mountain escapades this year. This contrasts with last year’s trend, where beachside getaways dominated year-end travel plans. The appeal of scenic winter landscapes and the charm of snowfall seem to be drawing more travelers to the mountains this season,” says ​​Bajpai.

According to MakeMyTrip data for travel between 16-31s December, Andaman, Kerala, Goa, Himachal and Kashmir saw double-digit growth in bookings for holiday packages for the upcoming year-end holiday season.

Seeking spirituality

India’s spiritual destinations are getting popular. According to digital travel platform Agoda, cities such as Bangalore, Hyderabad, and Chennai are leading domestic destinations for spiritual travel during the last quarter of the year.

For inbound travelers, Kochi and Varanasi are among the most popular spiritual destinations. 

Both destinations attract international spiritual travelers because of their deep-rooted cultural, historical, and religious significance. Travelers from the USA, Singapore, Japan, and Australia are contributing to the rise in inbound interest, drawn to India’s unique fusion of spirituality and culture during the festive period. 

Krishna Rathi, Senior Country Director, India Subcontinent and MEA at Agoda, commented on the growing trend, saying, “The rising interest in spiritual destinations throughout India reflects travellers’ evolving preferences for more enriching and culturally immersive experiences.”

Tech in travel

In 2024, technology is also playing a key role, as travel companies leveraged mobile apps, smart bookings, and real-time travel updates to make travel easier.

“ixigo was the first OTA in India to launch a Generative AI-based travel planning tool named PLAN in 2023 to help travellers plan their trip, get itineraries and real-time information and recommendations based on input criteria,” says Bajpai.

Online travel aggregator, EaseMyTrip says it uses AI/ML-based algorithms and a WhatsApp booking bot along with other tools. 

“Technology has become increasingly central to travel planning and execution, with 84% of Indian travelers now leveraging AI tools for their journey planning. This technological integration extends to sustainable travel practices, with a growing emphasis on carbon offset programs and eco-friendly accommodations, reflecting the industry’s adaptation to environmentally conscious consumer preferences,” added Nishant Pittie CEO and Co-founder of EaseMyTrip.





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10 secrets to instantly look expensive and elegant

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Have you ever noticed how some people seem to radiate sophistication and luxury, even in the simplest of outfits? It’s not about designer labels or extravagant spending; it’s about mastering the art of refined style. Looking expensive and elegant is an attainable goal for anyone, and it doesn’t require an overflowing bank account—just a keen eye for details and a few strategic adjustments. In this guide, we’ll uncover 10 secrets that can elevate your appearance instantly. From wardrobe choices to personal grooming, these tips will help you channel timeless elegance and leave a lasting impression wherever you go.

10 tips to look expensive and elegant


1. Invest in tailored pieces

Ill-fitting clothes can ruin even the most stylish outfit. Tailored clothing, on the other hand, enhances your natural shape, making you look polished and put together. Tailoring ensures that your clothes fit your body perfectly, making even inexpensive items appear high-end.

Take your favourite pieces—blazers, trousers, or dresses—to a local tailor. Minor adjustments like hemming, taking in the waist, or shortening sleeves can dramatically improve the fit.


2. Stick to neutral colors

Neutral tones such as black, white, beige, navy, and grey have a timeless quality that exudes sophistication. These colours are easy to mix and match, creating a cohesive and expensive-looking wardrobe. They’re versatile, understated, and flattering for all skin tones.

Build a capsule wardrobe with neutral-coloured staples, such as a white button-up shirt, beige trousers, and a black blazer. Use accessories like scarves or jewellery to add personality.


3. Opt for quality fabrics

The texture and weight of fabrics can make or break your outfit. High-quality materials like silk, wool, cashmere, and linen have a luxurious look and feel. Look for fabrics that drape well, feel soft to the touch, and have minimal sheen unless intentional, like in silk. Avoid shiny, thin, or overly synthetic materials.

Thrift stores and discount outlets often carry high-quality fabrics at a fraction of the original price.


4. Master the art of minimal accessories

Overloading on jewellery or accessories can make your outfit look cluttered. Less is more when aiming for an elegant appearance. A classic wristwatch, pearl or diamond stud earrings, and a simple gold or silver necklace.

Stick to one or two statement pieces at a time. For example, if you’re wearing bold earrings, skip the necklace or keep it minimal.


5. Maintain a polished grooming routine

Elegance isn’t just about clothes—it’s also about grooming. A polished appearance instantly elevates your overall look.

Keep your hairstyle neat and well-maintained. Regular trims and a sleek blow-dry can make a big difference. Prioritise skincare to achieve a healthy, radiant complexion. A good skincare routine can make you glow without heavy makeup. Keep nails clean, well-shaped, and polished in neutral or classic shades like nude, red, or French tips.

6. Choose structured bags

A bag can make or break your outfit. Structured handbags with clean lines and minimal embellishments look more expensive than slouchy or overly trendy designs. Go for bags made from genuine leather or high-quality faux leather in neutral shades like black, beige, or tan.

Brands like Celine, Michael Kors, and Coach offer timeless designs. If these are out of budget, look for high-quality dupes that mimic these styles.


7. Wear well-fitting and clean shoes

Shoes are a crucial part of your outfit. Scuffed, dirty, or ill-fitting shoes can ruin an otherwise polished look. Opt for classic designs like leather pumps, loafers, or ankle boots.

Use a shoe polish kit to keep leather shoes looking new, and replace worn-out soles when needed.


8. Master monochromatic dressing

Monochromatic outfits—dressing in one colour or various shades of the same colour—create a sleek, cohesive look. This style elongates your silhouette and gives the impression of a curated wardrobe.

Pair a beige sweater with cream trousers and nude heels, or create an all-black look with different textures like leather and wool.


9. Add a statement coat

Outerwear is often the first thing people notice, especially in cooler months. A high-quality, tailored coat can instantly elevate your appearance. Choose classic silhouettes like trench coats, wool coats, or pea coats in neutral colours.

Look for second-hand designer coats at consignment stores or online resale platforms like Vestiaire Collective.


10. Confidence is the ultimate luxury

No matter how perfectly you dress, elegance comes from within. Confidence is the ultimate accessory that ties your entire look together.

Stand tall with your shoulders back—it conveys poise and self-assurance. A genuine smile is an instant mood booster and makes you appear approachable and confident. Wear your outfit with pride, knowing you’ve made intentional choices that align with your style.

Elegance isn’t about wealth—it’s about effort, mindfulness, and intentional choices. By focusing on tailored clothing, neutral tones, quality fabrics, and polished grooming, you can create a timeless and expensive look. Combine these elements with structured accessories, clean shoes, and a confident attitude, and you’ll master the art of looking expensive without spending a fortune. Remember, true elegance is about presenting yourself with care and confidence—it’s a style choice that never goes out of fashion.





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Gym at home: Hyderabad fitness tech startup Portl launches strength training device

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New Year is just around the corner and with it, resolutions to get fit. However, as many would attest, staying consistent with workouts—especially if they involve hitting the gym to lift weights—is tough. 

Hyderabad-based fitness and wellness startup Portl leverages AI to help users stay on track of their fitness goals. On December 19, the company launched Portl UltraGym—which it says, is an all-in-one portable training system designed to make strength training more accessible at home.

Portl UltraGym

Portl UltraGym

The machine, priced at Rs 59,990, uses digital weights technology and provides the same effect as a professional grade gear, in a compact design of 2.4 square feet.

The product operates on Hydraulic and Electromagnetic Resistance (H.E.R.S) Technology, and the adjustable digital weights start from 0.5 kg and go up to 70 kg, customisable per user’s requirement. 

While the plug-and-play device does not require an application to function, there is an additional companion app which allows people watch demo videos and walkthroughs for over 150 exercises to help them understand form, technique, and accessories. 

Portl UltraGym package

The package also includes a sleek barbell, hand straps, ankle straps, and a hip belt.

The device comes with a safety feature to prevent injuries.

“There is an automatic inbuilt safety feature that relies on a lot of machine learning to determine the difference between, struggling to complete a rep and, inability to complete that rep,” Co-founder Indraneel Gupta says.

UltraGym can also be integrated and used with Portl Studio, the company’s flagship smart mirror. The company sees its product entering the gyms and hotels as part of their premium service.

Discussing the challenges faced while building UltraGym, Gupta says, “Solving for the portability and compact form factor while facilitating full-body strength training and range of motion was one of the main focus areas in the design phase. This ultimately dictated the overall internal architecture and mechanisms that are currently used within the UltraGym.”

Portl says it has collectively completed over 20,000 hours of workouts from users across the globe and plans to double its user base in a year.

The first steps

Portl was founded in 2021 by Gupta, Vishal Chandapeta, and Armaan Kandhari.

With the startup, the founders wanted to solve key challenges that fitness enthusiasts face: finding the right trainer as well as space and time to exercise. 

“We wanted to bring all these solutions packaged into something that is extremely interactive in nature, to people’s homes, and that’s where the Genesis of Portl began,” Gupta tells YourStory.

Priced at Rs 1.25 Lakh, Portl Studio, is a smart mirror with a 43-inch 4K screen, HD cameras, embedded bio-sensors, edge-AI processing, Bluetooth and Wi-Fi connectivity. The product also offers users real-time posture analysis and feedback, and health monitoring.

Catering to both B2B and B2C segments, the company’s revenue comes from direct customers, the additional services with subscription plans, and gyms and luxury hotels.

The journey of building a fitness tech startup, however, was not without challenges. From sourcing components and creating early prototypes to finalising hardware design and refining UI/UX and the Software platforms for seamless integration the company encountered various obstacles. 

With a product that uses hardware, software and content, operating with limited resources was challenging in the initial phase, says Gupta.

How does the smart mirror work?

After the smart mirror is installed, the user enters their data such as height, weight, age, existing health issues if any and other fitness requirements which is then used to recommend potential fitness routines. 

“It (the data) also informs our systems what not to prescribe to an individual so that we do not aggravate underlying conditions,” says Gupta.

The sessions include HIIT, self-defence, yoga, dance fitness, cardio, meditation and pain management among others. And with AI-form feedback, the sensors track the user’s movements and provide step-by-step guidance.

He adds that while direct customers get personalised recommendations, hotels can avail customisations based on requirements of the services they offer to their clients such as spa services.

Blueprint for expansion

In May this year, the company had secured $3 million in a funding round led by Bharat Innovation Fund, and saw participation from existing investor Kalaari Capital, and new investor T-Hub Foundation.

The team currently has 35 members on board. It began selling Portl Studio in July 2022. 

Its latest launch UltraGym will also be available soon on Amazon and few other ecommerce channels, the co-founder says.

The company says it is seeing traction for its smart mirror from Tier I cities like Mumbai, Hyderabad, Delhi and Bangalore, and some Tier II cities. 

“We’ve designed the UltraGym with a keen eye on the Indian market. However, we have also witnessed substantial interest for this from UAE and surrounding regions in the Middle East,” says Gupta.

The company plans a further expansion in the Middle East, targeting markets such as Qatar, UAE, and Saudi Arabia over the next 12 to 18 months. It is also collaborating with hospitality brands, including the Taj Group of Hotels (IHCL), Accor Group, aiming to provide on-demand wellness solutions for premium travelers.

Hyper-personalisation as the way ahead

For home users, each device can be used by six members, with six unique profiles. 

“The profiles are enabled by the primary user and this primary user essentially invites these unique members to their account. These are accessed via 2-FA (Two-factor authentication) authentication of each user using their mobile for OTP verification, and the registered email,” says Gupta.

Portl Studio

Portl Studio

Portl also has subscription plans of Rs 750 per month per device with which users can avail live and group sessions. They also have additional services such as nutrition, mental health, and wellbeing packages based on customer requirements, which they can choose to purchase.

Speaking about data storage and safety, Gupta says, “We employ multilayered approaches to safeguard all user information, with state-of-the-art encryptions security protocols that protect data at both transit and storage level… the AI systems are built with privacy at their core and it anonymises the data.”

Users can request the deletion of their data at any given time on the system, he adds.

Manufacturing, sales and the market

While the first few batches of Portl Studio were manufactured in-house based on pre-orders, the company expanded by hiring contractors which allowed it to focus more on the tech aspects. However, the core components and assembly of most crucial parts still happens in-house, says Gupta.

“The UltraGym has been conceptualised, designed and developed in-house. The manufacturing is being performed by our vendors in India and overseas,” he adds.

According to market research firm Fortune Business Insights, the global home fitness equipment market size was valued at $11.60 billion in 2023. It is projected to grow from $12.10 billion in 2024 to 18.94 billion by 2032 with a CAGR of 5.8%.

While the company refused to disclose its revenue and the number of units sold, it has a total of approximately 800-900 manufactured products. It now looks to scale capacity to 1,000 per quarter to meet growing demand, he adds.

According to data company Tracxn, Portl competes with New York City-based Peloton, and San Francisco-based Tonal and Tempo.





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