Looked at over the last decade, it will be fair to say that GMV-chasing venture firms ended up doing more harm than good to Indian agriculture.
Note: This is the third story in a series where The Morning Context is doing deep dives into sectors where the Indian venture capital hypothesis has failed to live up to the hype.
Over the past two decades, VC firms of all varieties have sold the India story to a whole host of institutional investors across the world. Several sectors have been packaged together, from e-commerce and education to real-money gaming, classifieds and short video, to create this powerful idea that a market of a billion Indians is ripe for consumption, technology disruption and wealth creation. Where pouring VC funds …
Pradip is a co-founder at The Morning Context and leads our newsletters vertical. He has previously worked at The Ken as a staff writer, at Mint as an assistant features editor and the Deccan Chronicle as a copy editor. He works with a slew of expert newsletter writers across subjects and domains. His own writing spans the gig economy, farmers caught in the crossfire of technology, global warming and parents trapped in the edtech wave. Some of his best stories have come at the intersection of technology and human endeavour.
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