AgNext

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.

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

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

• Food quality assessment
• AI-powered agritech
• Supply chain traceability
• Commodity quality testing
• Food diagnostics platform

Headquarters

HQ city

Mohali

HQ country

India

HQ region

Asia

Offices5 records

Markets served

GTM type

B2B

Offering type

Software

Cost components

Technology or R&D, Personnel, Operations, Marketing or Sales, Infrastructure

Revenue model

1. Quality Assurance Services: Inspection, testing, and quality assessment services for food commodities across supply chains, serving enterprise clients including banks, regulators, and food companies
2. Assurance Platform Subscription: Enterprise SaaS platform for supply chain traceability and quality management with subscription-based access
3. 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

Core 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

Named customers35 records

Segments9 records

Ideal customer profiles5 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration4 records

AI capability5 records

Feature7 records

Partnerships

Two partnerships are on record, tiered strategic and supporting.

• Hedera HashgraphstrategicTechnology or IntegrationHedera 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.
• NAARMsupportingStrategic or Co-development PartnerNAARM (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

Others

• 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

• LinkedInlinkedin.com/company/agnextworld
• Xx.com/agnextworld
• Facebookfacebook.com/agnextworld

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles11 records

Funding overview

Funding rounds8 records

Investors8 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about AgNext