AgNext
AgNext is an India-based agritech company that provides an AI-powered food quality assessment and supply-chain traceability platform, serving enterprises, banks, and government agencies across agriculture, dairy, defence, and procurement sectors.
- Company typePrivate
- Founded2016
- HeadquartersMohali, India
- Headcount101–250
- GTM typeB2B
- OfferingSoftware
What AgNext does
AgNext Technologies Pvt. Ltd. is an Indian agritech company founded in 2016 and headquartered in Mohali, Punjab, that builds an AI-powered food quality assessment and supply-chain traceability platform serving enterprises and governments across the agricultural value chain. Its core product, the Qualix platform, combines computer vision, machine learning, IoT-based sensor capture, and blockchain-backed audit trails to deliver rapid, objective quality testing across more than 100 commodities, supported by 200+ food algorithms trained on 5M+ datasets. The platform is operationalized through three product modules (Food Diagnostics, Food Testing, Food Inspections) and a broader Assurance Platform that includes Trusted Food, Trusted Source, and Trusted Payments sub-brands for quality-linked procurement and smart-contract payments.
AgNext monetizes through a mix of enterprise subscriptions for its Assurance Platform, professional services for inspection and quality assessment, and technology licensing, with pricing structured as quote-based enterprise contracts rather than self-serve tiers. Its go-to-market is direct enterprise field sales organized around nine vertical segments: Banks and NBFCs (collateral quality verification for HDFC, ICICI, Yes Bank, Kotak, SBM Bank), Food Regulators (FSSAI, ICAR CIPHET, Spices Board, Tea Board, National Turmeric Board), Dairy and Livestock Boards (NDDB, OMFED), Defence and Paramilitary Forces (Assam Rifles), National Procurement (NAFED, NCCF, FCI, Civil Supply Maharashtra), Global Food Programs, Global Strategic Procurement, Trusted Herbals, and Trusted Trade. The company holds ISO/IEC 17020:2012 with NABCB accreditation, ISO 27001:2013, and ISO 9001:2015 certifications, and operates across more than 2,000 locations in India, the Middle East (Abu Dhabi regional HQ), and Europe (Switzerland, UK).
The company has raised approximately $33M+ in disclosed funding, including a $21M Series A in August 2021 led by Alpha Wave Incubation and an investment from Novo Holdings in June 2024 marking its first planetary health investment in Asia. It is led by founder and CEO Taranjeet Singh Bhamra with Sparsh Kaur as co-founder and Chief of Staff, a CTO (Dr Subrat Panda) and COO (Dr Sant Singh), and specialized President and VP roles for Inspection Business, Public Accounts, International Business, and Sales. Backed by Alpha Wave, Omnivore, Kalaari Capital, Google for Startups, and Novo Holdings, AgNext operates the FoodNext and PlanetNext sub-brands alongside its core Assurance Platform to extend into traceability and agri-waste-to-energy verticals.
AgNext firmographics
Firmographics- Name
- AgNext
- Legal name
- AgNext Technologies Pvt. Ltd.
- Website
- https://agnext.com
- Company type
- Private
- Founded year
- 2016
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Short description
- AgNext is an India-based agritech company that provides an AI-powered food quality assessment and supply-chain traceability platform, serving enterprises, banks, and government agencies across agriculture, dairy, defence, and procurement sectors.
- Ownership category
- akta.pro rank
AgNext industry classification
Industry- Product category
- AI-based Food Quality Assessment Software
- akta.pro primary industry
- IoT Farm Sensors & Edge Devices (Soil, Weather, Crop, Water) (AFAAAFAC)
- akta.pro secondary industries
- Compliance, Recordkeeping & Audit Management (Food Safety, Chemical Use, Labor) (AFAAAFAL), Farm Data Platforms, Integration & APIs (Interoperability/Middleware) (AFAAAFAG), Farm Management Information Systems (FMIS) & Digital Recordkeeping (AFABAMAD)
Keywords
Where AgNext is headquartered
LocationHeadquarters
- HQ city
- Mohali
- HQ country
- India
- HQ region
- Asia
Offices5 records
Markets served
AgNext business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Operations, Marketing or Sales, Infrastructure
Revenue model
- Quality Assurance Services: Inspection, testing, and quality assessment services for food commodities across supply chains, serving enterprise clients including banks, regulators, and food companies
- Assurance Platform Subscription: Enterprise SaaS platform for supply chain traceability and quality management with subscription-based access
- Technology Licensing: AI-based quality assessment technology and diagnostics solutions potentially licensed to partners
Go-to-market motion1 record
Distribution channels3 records
Marketing channels5 records
AgNext product offering
Product offeringCore offering
AgNext provides an AI-powered food quality assessment platform (Qualix) and an end-to-end Assurance Platform that delivers rapid, objective quality testing, food diagnostics, inspections and supply chain traceability for agricultural commodities. It combines computer vision, 200+ food algorithms trained on 5M+ datasets, IoT/sensor-based capture and blockchain-backed audit trails (via Hedera Hashgraph) to enable quality due diligence, food safety surveillance and quality-linked payments for banks, regulators, food companies, dairy boards, defence forces and procurement agencies.
Product overview
AgNext offers a unified platform architecture centered on its Assurance Platform, which integrates the Qualix AI-based quality assessment system alongside three sub-brands (Trusted Food, Trusted Source, Trusted Payments) and three ecosystem pillars (AgNext for AI diagnostics, FoodNext for traceability, PlanetNext for sustainability). The platform operates across modules including Food Diagnostics, Food Testing, and Food Inspections, serving enterprise clients across banking, food regulators, dairy, defense, national procurement, and global trade sectors. The architecture combines rapid quality testing powered by 200+ AI algorithms with end-to-end supply chain traceability and quality-linked payment mechanisms.
Differentiator
Problem solved
Functional benefit
Brands
- FoodNext: Traceability and freshness solutions ensuring quality food reaches billions with confidence
- PlanetNext
Products and services
- Qualix
- Assurance Platform
- FoodNext
- PlanetNext
- Food Diagnostics
- Food Testing
- Food Inspections
Quantifiable outcome
- 25M+ tonnes of food commodities analyzed annually
- +6 more outcomes
Companies that use AgNext
Customer profileNamed customers35 records
Segments9 records
Ideal customer profiles5 records
AgNext technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration4 records
AI capability5 records
Feature7 records
AgNext partnerships and signals
Strategic signalPartnerships
Two partnerships are on record, tiered strategic and supporting.
- Hedera HashgraphstrategicHedera Hashgraph partners with AgNext to deliver tamper-proof data and transparency at scale. Leveraging enterprise-grade distributed ledger technology, Hedera strengthens AgNext's digital trust infrastructure for blockchain-backed audit trails.
- NAARMsupportingNAARM (National Academy of Agricultural Research Management) supports frontier technologies that redefine food systems for the future. Partnering with AgNext to scale impact-driven, science-led agri innovation.
Scale indicators13 records
Recent moves6 records
Expansion highlights6 records
AgNext competitors and assessment
Company assessmentOthers
- Hedera Hashgraph: Enterprise-grade distributed ledger technology provider that partners with AgNext for blockchain-backed audit trails. Included as an enabling/ecosystem partner rather than a direct competitor, given the disclosed technology partnership.
Emerging players
- Aerobotics: AI and aerial-imagery analytics platform for tree crop and specialty crop health and yield. Adjacent in applying AI to agriculture quality/intelligence but with a focus on orchard and tree-crop analytics rather than commodity quality testing.
- Taranis: AI-powered precision agriculture platform using aerial imagery and field-level analytics for crop monitoring and decision support. Comparable in applying computer vision and AI to agriculture decision support, though focused on in-field crop health rather than post-harvest food quality.
- Fasal: India-based precision agriculture platform using IoT, AI, and farm analytics for horticulture growers. Comparable as an India-focused AI/IoT agritech platform serving enterprise and farmer segments, though focused on on-farm growing decisions rather than post-harvest quality.
Direct peers
- Cropin: India-based agritech intelligence platform combining farm data, satellite imagery, and AI for agribusinesses and food companies. Comparable in serving enterprise food and agribusiness customers with AI-driven quality and traceability insights.
- Intello Labs (AgriAssure): India-based AI/computer-vision platform for food quality assessment across fresh produce and commodities. The closest direct competitor to AgNext's Qualix platform in India and Southeast Asia, serving similar enterprise buyers including exporters and retailers.
- SourceTrace: Digital agriculture and supply chain traceability platform used by agribusinesses, cooperatives, and governments in emerging markets. Overlaps with AgNext in digitizing smallholder supply chains and providing verification for procurement and finance.
- TraceX Technologies: Blockchain-based food and agri supply chain traceability platform with enterprise integrations for Indian and global food brands. Closely comparable on the traceability and audit-trail layer of AgNext's stack.
Broad incumbents
- SAP Blockchain for Agriculture: Global enterprise software incumbent offering supply chain traceability, ERP, and quality management extensions into agriculture and food. Represents competitive pressure on AgNext from large ERP suites that can bundle traceability with existing enterprise contracts.
- IBM Food Trust: Enterprise blockchain-based food traceability network operated by IBM, used by major global retailers and food companies. Comparable to the blockchain/audit-trail component of AgNext's platform but at much broader enterprise scale.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat6 records
Key risks5 records
Key highlights7 records
Customer concentration
AgNext social profiles
Digital presenceAgNext compliance and trust
Trust signalCompliance3 records
AgNext financial estimates
Financial estimateRevenue estimate
Valuation estimate
AgNext leadership team
Management profileNumber of profiles
Profiles11 records
AgNext funding detail
Funding detailFunding overview
Funding rounds8 records
Investors8 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
AgNext M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about AgNext
What does AgNext do?
AgNext provides an AI-powered food quality assessment platform (Qualix) and an end-to-end Assurance Platform that delivers rapid, objective quality testing, food diagnostics, inspections and supply chain traceability for agricultural commodities. It combines computer vision, 200+ food algorithms trained on 5M+ datasets, IoT/sensor-based capture and blockchain-backed audit trails (via Hedera Hashgraph) to enable quality due diligence, food safety surveillance and quality-linked payments for banks, regulators, food companies, dairy boards, defence forces and procurement agencies.
Is AgNext a public or private company?
AgNext is a private company. It is classified as venture growth investor backed and is currently operating.
When was AgNext founded?
AgNext was founded in 2016. It employs 101 to 250 people.
Where is AgNext based?
AgNext is headquartered in Mohali, India, in the Asia region.
How does AgNext make money?
Three revenue lines are on record. Quality Assurance Services are the primary driver. The others are assurance Platform Subscription and technology Licensing.
Who are AgNext's main competitors?
Hedera Hashgraph is listed as an others. Emerging players are Aerobotics, Taranis and Fasal. Direct peers are Cropin, Intello Labs (AgriAssure), SourceTrace and TraceX Technologies. Broad incumbents are SAP Blockchain for Agriculture and IBM Food Trust.
Does AgNext have an API?
No public API is recorded for AgNext.
What industry is AgNext in?
AgNext's product category is AI-based Food Quality Assessment Software. Its primary akta.pro industry code is AFAAAFAC, IoT Farm Sensors & Edge Devices (Soil, Weather, Crop, Water), with a secondary code of AFAAAFAL, Compliance, Recordkeeping & Audit Management (Food Safety, Chemical Use, Labor).