ALO AGRITECH

blockchain

FOUNDING YEAR: 2015
LOCATION: India
Last Update: 01/05/2020

Subscribe to the MEDICI Inner Circle Membership and gain access to an exclusive Slack community where you can engage in discussions with global industry experts!

About

We have an online portal which connects farmers to wholesale buyers. For users, we offer digital contracts and escrow payments powered by blockchain.

MEDICI Analysis

Alo Agri Tech Pvt. Ltd. leverages blockchain technology to help agriculture for solving the issues such as fake contracts, delayed or default payments and origin tracking (food fraud).

Focus

PRODUCTS & SERVICES

The products offering include - REAL TIME ESCROW - It provides secured trading between verified parties. SMART CONTRACT - The software enables set of actions for agreement, task or work flow process.

REVENUE MODEL

we make commission on every transaction done through us.

PRIMARY PROBLEM SOLVED

- expensive & time consuming escrow payment method - paper work - fraud

INTELLECTUAL PROPERTY

Patent(s) NOT_FILED

Traction

REVENUE

$0 - $99k

ACTIVE USERS:

40000

People

BOARD MEMBERS AND ADVISORS

Kirsi Suopelto

NUMBER OF EMPLOYEES

1-10

COMMENT:

Each member of the team is specialised to focus on small tasks while aiming for the global vision.

Momentum

FUNDED

NO

LISTED

NO

For Investors

FUNDING NEEDED:

€200 K

USES OF FUNDS RAISED:

1. Technology enhancement

2. Marketing

3. User Interface

4. Admin & business cost

EXIT STRATEGY

Strategic Partnership Merger / Acquisition Series C or D funding Open for suggestions

MONTHS LEFT WITH CURRENT CASH BURN RATE:

8 months from 23 Nov, 2018

COMPETITORS:

Full Profile, Australia

Escrow.com

OriginTrail

https://blockgrain.io/

Innovation Programs

BASICS

FOUNDING YEAR:

2015

LOCATION:

India

Views:

91 VISITORS | 152 VIEWS
TOTAL EMPLOYEES
1-10

About

We have an online portal which connects farmers to wholesale buyers. For users, we offer digital contracts and escrow payments powered by blockchain.

Subscribe to the MEDICI Inner Circle Membership and gain access to an exclusive Slack community where you can engage in discussions with global industry experts!

MEDICI Analysis

Alo Agri Tech Pvt. Ltd. leverages blockchain technology to help agriculture for solving the issues such as fake contracts, delayed or default payments and origin tracking (food fraud).

Focus+
Momentum+
Traction+
People+
For Investors+
Other+

Innovation Programs

Join the exclusive global FinTech community

Be a part of the global FinTech community on Slack

ALO AGRITECH

About

We have an online portal which connects farmers to wholesale buyers. For users, we offer digital contracts and escrow payments powered by blockchain.

Focus

PRODUCTS & SERVICES

- Online marketplace powered by blockchain base smart contract & escrow payment

REVENUE MODEL

we make commission on every transaction done through us.

TOP PROBLEM SOLVED

- expensive & time consuming escrow payment method - paper work - fraud

PRODUCT DEVELOPMENT STAGE

MVP

PRODUCT DEVELOPMENT COMMENT

- Discovery Portal is live - Smart contract with escrow payment is in test mode, available for beta demo, launching by Dec 2018

KEY DIFFERENTIATORS

- 4x time cheaper than traditional escrow payment - 3x time faster than current available alternative - zero paperwork, and hack-proof - or focus is agriculture related trades

PRIMARY CUSTOMER TYPE

Enterprise - Others

Small and Medium Business - Physical Retail

Small and Medium Business - Online Retail

Small And Medium Business - Other

PRODUCT ATTRIBUTES

Back Office

Customer facing

Other

People

NUMBER OF EMPLOYEES

1-10

KEY EMPLOYEES:

CEO: Ashish Lone

CTO: Ashish Banerjee

TEAM COMMENT:

Each member of the team is specialised to focus on small tasks while aiming for the global vision.

BOARD MEMBERS AND ADVISORS:

Kirsi Suopelto

Momentum

FUNDED

NO

FUNDING COMPLETED

NO

LISTED

NO

FUNDING SERIES