WILLAGRI
Agrifoodtech investments in developing markets reached $3.7 billion in 2024, registering a remarkable 63% year-on-year increase in contrast to a 4% decline seen in the agrifoodtech sector globally. Total financing in developing markets accounted for 23% of global agribusiness investment, according to AgFunder’s 2025 Developing Markets AgriFoodTech Investment Report.
The increase in funding was achieved through 523 deals, representing an 8.4% decrease from the previous year, indicating that the industry closed fewer and larger deals, according to the new report, which was released in partnership with, among others, Indian venture capital firm Omnivore or Dutch development bank FMO.
The main beneficiary of this windfall was Indian online grocer Zepto, which secured nearly $1.4 billion in three rounds of funding in 2024, accounting for a third of the total investment in developing markets. But, apart from Zepto, several developing markets have seen funding, starting with India, where total funding without Zepto has reached nearly $1.2 billion. Agribusiness startups from Mexico, Vietnam, Chile, and Singapore also raised more funds in 2024 than in 2023.
Source : AGFunder