“In fact, for most of our users, Bijak is the first business app that they use. That's the only apps that they other than BJAG they use are for entertainment or communication, right?”
quote is from the automated transcript, cleaned for reading:
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More from Nukul Upadhyay
Insight
Upadhyay: High prices alone cannot displace traditional Indian agricultural aggregators
“The relationships with farmers are not purely transactional. Right. So local aggregator is essentially the guy who would, you know, in Hindi, we say, Mayad Bhagwat, Shadi, Tino, who he finance karda hai. Right. So it's not a clear equation that I pay higher pr…”
Nukul UpadhyayJan 31, 2022▶ 12:37The FUTURE Of Agriculture In India! ft. Founder of Bijak
Insight
Upadhyay: Agri trade inefficiency is driven by trust deficits, not information asymmetry
“So it's the inefficiency comes from trust deficit rather than from information symmetry.”
Nukul UpadhyayJan 31, 2022▶ 15:57The FUTURE Of Agriculture In India! ft. Founder of Bijak
Insight
Upadhyay: Teaching farmers how to farm stems from founder arrogance
“We felt that, you know, it's sometimes very common for us people including us to assume that, you know, farmer needs help with what he's doing. Where then we come in and it's almost some sort of arrogance that we have that we can teach him to do farming which …”
Nukul UpadhyayJan 31, 2022▶ 9:03The FUTURE Of Agriculture In India! ft. Founder of Bijak
Insight
Upadhyay: Direct farm-to-fork models are difficult across India's fragmented agriculture
“You cannot go in and try to, you know, just disrupt the existing ecosystem and be a replacement for it, right? So you're talking about thousands of regions, hundreds of crops, being able to do farm to fork there or farm to retail there is, is difficult.”
Nukul UpadhyayJan 31, 2022▶ 12:18The FUTURE Of Agriculture In India! ft. Founder of Bijak
AssertionSupported
Upadhyay: 80% of India's $300B Agri Commodity Trade Runs on Credit
“So, 80% of agri commodity trades are on credit, right? So the three hundred billion dollar space that we talk about, 80% is on credit, right?”
Nukul UpadhyayJan 31, 2022▶ 26:30The FUTURE Of Agriculture In India! ft. Founder of Bijak
AssertionNot checkable as stated
Upadhyay: 85% of an Agri Aggregator's Margin Is Risk Premium
“So we have seen that, you know, of a local aggregator of all the money that he makes, 85% of it is just risk premium.”
Nukul UpadhyayJan 31, 2022▶ 27:40The FUTURE Of Agriculture In India! ft. Founder of Bijak
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