Securing access to funding for AgTech start-ups has been tough. Yet, this recent spurt may signify growing investor and corporate confidence in this nascent sector, known as farming-as-a-service, or FaaS.

A recent study, carried out by Bain & Company and the Centre for Innovation, Incubation and Entrepreneurship (CIIE) at IIM, Ahmedabad, pointed to increased activity in the FaaS space by venture capitalists, private equity funds and large Indian firms. Earlier this year, CIIE also launched the Bharat Innovations Fund with AgTech being a key focus area.