AgriBazaar, the digital current market place for farm solutions is anticipating a significant bounce in transactions on its platform immediately after the Centre a short while ago allowed farmers to sell their make exterior the regulated marketplaces.
“We are targeting transactions worth ₹20,000 crore to be carried out on our platform this fiscal year as additional farmers and customers are registering with us to trade,” said Amith Agarwal, CEO and co-founder, AgriBazaar. In 2019-20, transactions worth ₹6,000 crore had been carried out on the AgriBazaar platform, and the gross items price (GMV) traded throughout April-June quarter stood at ₹5,500 crore.
At current, over 200 Farmer Producer Organisations, about 3 lakh farmers and sixteen,000 processors are registered with AgriBazaar, carrying out transactions on the 3 year-previous digital current market place.
Considering the fact that the Covid lockdown, which coincided with the rabi harvest year impacting functions at mandis, the AgriBazaar platform