Neomandi

  • Bangalore, India
  • Agriculture, E-commerce

Neomandi helps Indian farmers in discovering a fair price to their produce in a competitive and transparent fashion by e-auctioning.

Founded:
2016
Stage:
Proof of Concept
Market:
B2B

Startup Video

Featured

Image

From Farm to Fork with NeoMandi | Our Bangalore

Aug 19, 2016


Founded

Our startup, Neomandi Technologies Pvt Ltd got incorporated this day.

Jul

2016

Funding

We raised INR 1000000 from friends and families issuing convertible notes.

Oct

Jobs


Team Summary

Our founding team has 5 members. All are engineers with an average experience of 8.8 years having a mix of experience from Software Engineering, Large and Small Scale manufacturing, Aircraft structures design and Academics. Four are presently working with reputed organizations. The family background of our team is mainly agrarian, semi-agrarian and small businesses. We all have worked on farm fields.
Apart from our careers, it is worth mentioning that, we have a business experience of running a chain of internet café in partnership for 7+ years which we exited successfully two years ago. We ran it as a side business from our job. From this we have learnt some of the invaluable entrepreneurial lessons. This common thread of entrepreneurial spirit binds us together.

Team

Founding Team

Co-founder and CEO @ Neomandi Technologies Pvt. Ltd., Senior Design Engineer @ Tech Mahindra, Design Engineer @ Ignis Aerospace and Designs Pvt. Ltd.

WORK

Neomandi Technologies Pvt. Ltd. (2016 - present)
Founder and CEO

Tech Mahindra (2012 - 2016)
Senior Design Engineer

Ignis Aerospace and Designs Pvt. Ltd. (2010 - 2012)
Design Engineer

EDUCATION

Visvesvaraya Technological University
B.E • 2001 - 2005

Sir M Visveshwaraiah Memorial Composite Pre-University College
1999 - 2001

Sir M Visveshwaraiah Memorial High School
1996 - 1999

Product/Service Summary

An e-auction platform, website and an app, for auctioning the agricultural produce. This reduces existing multi-layered opaque systems exploiting farmers.
Also, due to dearth of facilities, a complementary eco-system to facilitate e-auction will also be created as Private market yards.
Neomandi.com earns its revenues in the form of commissions from traders, charges for e-platform services, private market yard charges, logistics solutions and pre-market value addition processes.
Also, with significant infrastructure and reach to large community of farmers, other streams of revenues like advertising and cross selling opportunities can be explored in the future.

Product/Service Descriptions