Start-Up Success Story: eFeed
Based in India, eFeed is a hyper intelligent, simple to use, precision animal management and nutrition platform that improves livestock yield and reduces methane emissions.
After the 2024 edition of the Animal AgTech Innovation Summit in San Francisco, we caught up with Founder, Kumar Ranjan on his start-up journey.
Tell us about your key milestones since the Animal AgTech Innovation Summit in 2024.
eFeed was a finalist and selected to pitch at the 2024 Global Dairy Sustainability Challenge hosted by The Yield Lab Europe and the Animal AgTech Innovation Summit in Amsterdam.
Looking back at the activity in the past few years, both regarding market dynamics and your company’s internal development, what is driving your strategy?
Agri-tech in the last few years expected farmers to become Technocrats, but on the contrary at eFeed we believe technology is supposed to make life simpler and not complicated. That’s what is working for us. We have built a very strong distribution amongst farmers by making technology simpler.
What are the main obstacles and challenges you anticipate as you move forward with your start-up?
We need more support from the ecosystem. Large corporations will try to consolidate new technologies which can kill innovation. Getting good exits to investors will be a game of patience.
What advice would you offer start-ups who are fundraising in today’s challenging economic and regulatory landscape?
Focus on the balance fundamentals of business with innovation. Don’t run behind hyper scale, we are not building an urban consumer space.
How do you view the current fundraising landscape?
If you’re in a room with start-ups across fintech, consumer, SaaS and agritech / livestock, investors will mostly choose the first three avenues because venture capitalists will always make higher valuations across those first three avenues. That’s why you should stick to business fundamentals first.
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