Welcome to our first developing markets agrifoodtech report!
The biggest takeaway about developing markets agrifoodtech is that funding grew substantially between 2023 and 2024 (63%) versus a 4% decline in global agrifoodtech.
While Indian eGrocer Zepto accounted for nearly one-third of total funding when you exclude that company, investment still increased significantly—and in many markets, including Mexico, Vietnam, Chile, Singapore, and India, the leading ecosystem.
Upstream investment increased some 22% to $1.2 billion, with Ag Marketplaces & Fintech leading the charge, a category that has failed to gain the same traction in more efficient developed markets.
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