How Our Food is disrupting the food processing sector

An agtech start off-up incubated at T-Hub is attempting to address a exclusive challenge that farmers in the nation encounter – little or no benefit-addition to the commodities that they provide, ensuing in lousy incomes.

Our Foodstuff, which is closing the economic year 2020-21 with a turnover of ₹85 crore, has processed 10,000 tonnes of foodgrains.

The start off-up is relying on low-price tag, compact machines for the processing of foodgrains in purchase to retain the price tag overheads below command. It identifies progressive farmers with compact holdings in villages and can help them get lender financial loans to established up the village-amount franchises.

“Each of the device would need to have an financial commitment of ₹7 lakh, which include ₹3 lakh from the rural business people. We aid them protected a lender financial loan, other than investing in them in equity,” Balareddy, Founder and Chief Govt Officer of Our Foodstuff, told BusinessLine.

It has so far established up 1,000 these types of processing units in nine States. “Each device can approach up to four hundred kg of grains or other agri commodities,” he claimed. The organization will also handhold the farmers to provide their produce to possibly bulk purchasers or to provide it as a result of the company’s brand.

On Friday, the firm entered into an settlement with the Authorities of Telangana to established up above 20,000 micro processing units in distinct pieces of the State with an financial commitment of ₹1,five hundred crore. The start off-up has a facility to manufacture processing machines at Zaheerabad.