Friday, January 15, 2021
Home Economy News A SAAS model for owning farmlands: how startups Beforest, Hosachiguru are creating...

A SAAS model for owning farmlands: how startups Beforest, Hosachiguru are creating a new asset class


Synopsis

Under the managed-farmland concept, people can buy a farmland according to their budget, let a company take care of it, and enjoy the fresh produce. After the pandemic, there is a sudden spurt in the number of queries from cities asking about availability of farmland. Is India finally waking up to sustainable living?

“Every problem is an opportunity in disguise” —John Adams, an early advocate of American independence and the second president of the United States For Srinath Setty, director of business development at Bengaluru-based Hosachiguru, the Covid-19 pandemic turned out to be one such opportunity. The farm asset-management company established in 2014 used to get about five queries regarding available farmlands from city dwellers who wanted to grow

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The Poomaale Estate, Coorg; 128 acre of coffee and forests; image credit: Beforest