AgriBazaar sees major jump in transactions as more farmers, buyers go online
AgriBazaar, the digital sector place for farm products is anticipating a big soar in transactions on its platform just after the Centre lately allowed farmers to sell their create outside the regulated markets.
“We are focusing on transactions truly worth ₹20,000 crore to be carried out on our platform this money calendar year as extra farmers and purchasers are registering with us to trade,” claimed Amith Agarwal, CEO and co-founder, AgriBazaar. In 2019-twenty, transactions truly worth ₹6,000 crore have been carried out on the AgriBazaar platform, and the gross merchandise price (GMV) traded all through April-June quarter stood at ₹5,500 crore.
At present, about two hundred Farmer Producer Organisations, about three lakh farmers and 16,000 processors are registered with AgriBazaar, carrying out transactions on the three calendar year-previous digital sector place.
Considering the fact that the Covid lockdown, which coincided with the rabi harvest season impacting functions at mandis, the