India Captured Nearly Half of Tracked Emerging Market AgTech Funding Since 2023

India attracted $2.1 billion of the $4.39 billion in agtech funding tracked across 17 emerging markets from January 2023 through the third quarter of 2025, giving it close to half of the investment captured in a new emerging markets analysis.

The AgTech Investment in Emerging Markets report, produced by AgBase, Briter and ISF Advisors, places India ahead of Brazil, Indonesia and Kenya. Those three markets attracted about $663 million, $453 million and $281 million respectively over the period covered.

Why India stands out

The funding concentration reflects more than the size of Indian agriculture. The report points to digital infrastructure, entrepreneurial depth, domestic capital, potential exit routes and supportive policy as factors that make the market more commercially mature than many peers.

Commercial investors participated in 92 percent of the Indian deals tracked. That matters because agtech has historically struggled to bridge the gap between grant backed experimentation and businesses capable of attracting repeat commercial capital.

The next test is deeper technology

India's established strength in retail and digital agricultural services does not guarantee that the next generation of capital intensive technologies will scale as easily. Biotechnology, agricultural inputs, artificial intelligence hardware, robotics and processing can require longer development cycles and more physical infrastructure.

The report also cautions that publicly disclosed deals do not capture the entire market and may understate total investment. Even with that limitation, India's share shows where investors currently see one of the strongest combinations of agricultural scale and commercial infrastructure in the emerging market agtech landscape.