Evezon India Private Limited - Comprehensive Analysis Report

Summary

Evezon India Private Limited, established in September 2019, is an active private limited company focused on revolutionizing the fresh produce supply chain in India. The company leverages an AI-based agricultural marketing and supply chain platform to enhance transparency and efficiency, directly connecting farmers to businesses and end retailers. Its core mission is to mitigate challenges within India's agribusiness supply chain, such as significant agricultural production loss due to improper logistics and inefficiencies caused by intermediaries. Evezon envisions setting global standards in the agri supply chain system by establishing a value-generating network that benefits farmers, consumers, and businesses through improved profitability for farmers and superior product quality for consumers.

1. Strategic Focus & Objectives

Core Objectives

Evezon India's main business objectives revolve around transforming the fresh produce supply chain through technology:
Reduce Agricultural Wastage: Address the substantial loss of agricultural production in India caused by improper logistics.
Increase Supply Chain Efficiency: Streamline processes from production to consumption using AI-led algorithms.
Ensure Transparency: Foster trust through end-to-end product traceability and secure data sharing via blockchain networks.
Enhance Farmer Profitability: Connect farmers directly to businesses and retailers, bypassing intermediaries who exploit pricing.
Deliver Quality Products: Implement stringent quality control systems for hygienic and high-quality fresh produce.

Specialization Areas

The company specializes in:
AI-based Agricultural Marketing and Supply Chain Platform: A proprietary platform at the core of its operations, optimizing logistics and market trends.
End-to-End Product Traceability: Providing solutions for fresh produce that track products, payments, and accountability across the entire supply chain.
Hybrid Product and Project Model: Operating with a combination of SAP tools, off-the-shelf specialized tools, and third-party partners to deliver comprehensive solutions.
Operational Expansion: Continuously expanding its network of procurement and serving locations, including planned warehousing facilities.

Target Markets

Evezon primarily targets the agricultural sector in India, specifically focusing on the fresh produce segment. The company aims to address critical existing issues such as improper logistics, post-harvest losses, and the exploitation of farmers and consumers by middlemen, thereby ensuring increased trust, efficiency, and sustainability in fruits and vegetables supply chains.

2. Financial Overview

Funding History

Evezon India Private Limited is an unlisted private company and has not raised any external funding rounds to date; it is an unfunded company.
Authorized Capital: The company has an authorized capital of ₹2.60 million (₹26.00 lakhs).
Paid-up Capital: The paid-up capital stands at ₹2.60 million (₹26.00 lakhs).
Recent Revenue (FY ending March 31, 2024): Evezon India generated a revenue of ₹9.28 crore. It experienced a compounded annual growth rate (CAGR) of 387% in the last year.
Financial Year 2023 Performance: The company saw a 15.04% decrease in revenue for the financial year ended 2023, while its profitability increased by 52.81%. The net worth soared by an impressive 1024.66% during the same period.
Liabilities: According to records, the company holds ₹4.00 million in open charges and has reported no settled loans.

3. Product Pipeline

Key Products/Services

Evezon India's primary offering is an AI-based agricultural marketing and supply chain platform designed to bring transparency and efficiency to the fresh produce supply chain.
AI-based Agricultural Marketing and Supply Chain Platform: This platform leverages AI-led algorithms to manage and optimize every process from production to consumption. It incorporates predictive data science and prescriptive optimization techniques to address operational uncertainties such as unpredictable yields, meteorological conditions, and pricing volatility.
End-to-End Product Traceability Solutions: Utilizing Blockchain networks integrated with SAP tools, the platform ensures secure and trustworthy data sharing, tracking produce, payments, and accountability across the supply chain.
Quality Control Systems: The company emphasizes stringent quality control, including sorting and grading based on attributes such as color, appearance, taste, aroma, texture, and nutritional values to deliver 100% hygienic products.
Efficient Distribution Network: The platform implements a 'HUB and Spoke' model for smoother and efficient channel distribution, complemented by shortest route algorithms for freight carriers.
Advisory Services: Evezon offers timely crop alerts and forecasts based on farmer data (location, land area, crops, harvesting date) to assist in crop selection and pre-orders. They also provide advisory services from phytologists to help farmers increase yield cost-effectively.
Farmer Credits and Rewards: An application records and analyzes farmer transactions, providing credits and rewards redeemable for seeds, fertilizers, and pesticides. Loans are also considered based on farmer relations.
AI-led Disease Detection and Crop Assurance: The system aids in identifying crop diseases and provides remedial measures.

4. Technology & Innovation

Technology Stack

Evezon India utilizes a robust and innovative technology stack to power its agri-tech solutions:
Core Platforms: An AI-based agricultural marketing and supply chain platform.
Proprietary Developments:
AI-led Algorithms: These manage and optimize every process within the supply chain, from production to consumption. They employ predictive data science and prescriptive optimization techniques to navigate operational uncertainties like unpredictable yields and external factors such as weather and pricing volatility.
'HUB and Spoke' Model: Implemented for smoother and efficient channel distribution.
Shortest Route Algorithms: Used for freight carriers to ensure timely and efficient delivery.
Scientific Methodologies:
Blockchain Networks: Employed for secure and trustworthy data sharing and end-to-end traceability of produce, payments, and accountability across the supply chain.
Data Science: Utilized for predicting market trends and optimizing logistics alongside AI capabilities.
Technical Capabilities:
SAP Tools: Integrated for developing end-to-end product traceability solutions.
Quality Control Systems: Advanced systems for sorting and grading fresh produce based on various attributes to ensure 100% hygienic products.

5. Leadership & Management

Executive Team

Evezon India Private Limited is led by a team of dedicated directors.
Jalli Yashwanth:
Position: Director.
Appointment Date: September 24, 2019.
Notable Achievements: Honored with the "Outstanding Leadership Award" at the CXO 2.0 Conference in Dubai, UAE in February 2024.
Bhavyasri Jalli:
Position: Director.
Appointment Date: March 1, 2024.

Recent Leadership Changes

Bhavyasri Jalli was appointed as a Director on March 1, 2024.
Pramod Abcsdd (identified as Janakiram Prasad in some records) formerly served as a director and ceased his role on March 1, 2024.

6. Talent and Growth Indicators

Hiring Trends and Workforce

Employee Count: As of April 1, 2024, Evezon India had a workforce of 2 professional employees. By October 31, 2024, the employee count was also 2. This number reflects a 60.0% decrease compared to October 2023.
Current Hiring Patterns: The company is actively recruiting for roles such as Business Analyst. Key responsibilities for these roles include developing analytical models for business profitability and scaling, creating algorithms for optimizing demand and supply data, evaluating growth at a category level, and developing performance metrics across geographies and SKUs, with a focus on improving Salesforce effectiveness.
Company Growth Trajectory Indicators: Evezon is expanding its operational capacity and plans to increase its workforce and network to add more procurement and serving locations in the coming years. They aim to establish large-scale warehousing facilities.

7. Social Media Presence and Engagement

Digital Footprint

Evezon India maintains an active digital presence primarily through its official website, evezon.in.
Brand Messaging and Positioning: The website serves as the central platform for communicating its brand message, highlighting its AI-based agricultural marketing and supply chain platform, and its commitment to transparency, efficiency, and trust.
Content Sharing: The company shares information about its innovative solutions, key milestones, and insights through blog posts related to industry trends such as "Digital Twins" and "Agriculture 4.0."
Contact Information: The website provides contact details, including email (mail@evezon.in) and phone number (+91 6305832511).

8. Recognition and Awards

Industry Recognition

Evezon India has garnered several notable recognitions and awards, underscoring its impact and innovation in the agri-tech sector:
"Most Promising and Sustainable Company of the Year 2024": Awarded by Business Connect Media in December 2024.
Grant-in-Aid under Incubator Scheme 2024: Received under the RKVY Raftaar Scheme from the Ministry of Agriculture and Farmers Welfare, Govt of India, through NIAM Agri Business Incubator Jaipur. This funding supports accelerated R&D efforts in agriculture.
"Outstanding Leadership Award" – CXO 2.0 Conference, Dubai 2023: Awarded to CEO Dr. Yashwanth in February 2024.
Winners of ESC India National Conclave.
Represented Evezon at Silicon Valley, USA under ESC India Investors Meet.
Young Entrepreneur Award 2022-23.
Winners of NewGen IEDC - KEC Startup Awards 2021.

9. Competitive Analysis

Major Competitors

Evezon India operates in the agri-tech and agricultural supply chain solutions sector, competing with a diverse landscape of companies. The company has 202 active competitors, of which 34 are funded.
Some of its top competitors include:
Zest Labs: Focuses on post-harvest solutions and fresh produce management.
iProcure: Offers agricultural input and output market linkages.
Helios: A competitor in the agri-tech space.

10. Market Analysis

Market Overview

The agricultural sector in India presents a significant and dynamic market for supply chain solutions.
Total Addressable Market Size: India's vast agricultural landscape and large farming population represent a substantial total addressable market for agri-tech and supply chain optimization.
Growth Potential: The market has immense growth potential driven by increasing demand for vegetables due to population growth and rising awareness of nutritional benefits.
Key Market Trends:
High Agricultural Loss: India faces a major challenge, losing approximately 20% of its agricultural production due to improper logistics.
Inefficiencies in Traditional Supply Chains: The value chain is characterized by fragmentation, price volatility, quality and quantity losses, and low processing levels, often due to manual loading/unloading, lack of reefer trucks, and numerous intermediaries.
Exploitation by Middlemen: Traditional procurement methods often involve middlemen, leading to exploitation of farmers (low prices) and consumers (high prices).
Technological Integration: There is a growing trend of integrating AI and blockchain technologies to enhance transparency, efficiency, and sustainability within the agricultural supply chain.
Market Challenges and Opportunities: Evezon directly addresses the challenges of waste reduction, efficiency improvement, and fair trade by connecting farmers directly to buyers. The integration of advanced technologies like AI and blockchain positions the company to capitalize on the increasing demand for secure, transparent, and efficient agri-food systems.

11. Strategic Partnerships

Evezon India actively engages in strategic collaborations to strengthen its network and operational reach.
Evergreen Energy:
Nature of Partnership: Evezon signed a Memorandum of Understanding (MoU) with Evergreen Energy for the supply of premium-quality fresh produce.
Strategic Benefits: This partnership is projected to generate ₹30 crore in annual revenue growth for Evezon, bolstering its market position and value for stakeholders.
Multiple Industry Partners and Businesses:
Nature of Partnership: Evezon partners with various industry players and businesses to ensure continuous demand and prevent wastage of fresh produce.
Target Buyers: They engage with diverse categories of buyers, including wholesale businesses, retail and end consumers, food processing industries, and corporate buyers.
Government Collaboration:
Nature of Partnership: Evezon's leadership team has engaged in strategic discussions with district magistrates in Andhra Pradesh.
Strategic Benefits: These discussions aim to foster government-industry collaboration for rural empowerment, focusing on integrating AI and blockchain solutions for rural economic development, strengthening agri-supply chains, market access for farmers, and allocating land and resources for scaling operations.

12. Operational Insights

Evezon India employs a distinct operational model to achieve its mission of transforming the fresh produce supply chain.
Current Market Position: Evezon is a B2B fresh produce supply chain company operating through decentralized networks and an online marketplace.
Competitive Advantages:
High-Quality Products: Commitment to providing 100% hygienic products through rigorous quality control, sorting, and grading based on various attributes.
Accurate On-Time Deliveries: Utilizes an efficient logistics system, including shortest route algorithms, to ensure timely delivery.
Environmentally Sensitive Packaging: Uses customized corrugated boxes for enhanced product quality and environmental responsibility.
Direct Farmer Connection: Connects farmers directly to businesses and retailers, reducing intermediaries and fostering trust.
Operational Strengths:
Expanding Infrastructure: The company is establishing a warehousing facility with 27,000 sq ft of operational space, capable of handling 500 metric tons of fresh produce daily. This expansion is crucial for scaling its impact and efficient distribution.
Comprehensive Data Management: Collects comprehensive information on farmers (farm location, land area, crops, harvesting date) to facilitate timely crop alerts, forecasts, and pre-orders.
Areas for Improvement: While not explicitly stated, continuous scaling of operations and securing external funding could further accelerate its growth and impact, moving beyond organic revenue growth.

13. Future Outlook

Strategic Roadmap

Evezon India is positioned for continued growth and expansion, with a clear strategic roadmap:
Planned Initiatives:
Nationwide Expansion: Strengthen agri-supply chains and market access for farmers across India.
Increased Operational Strength: Continuously expand its operational capacity and network by adding more procurement and serving locations.
Warehousing Facilities: Establish and scale large-scale warehousing facilities to enhance logistical efficiency and handling capacity (currently planning 27,000 sq ft for 500 MT/day).
Government-Industry Collaboration: Forge stronger collaborations with government bodies to support rural economic development using AI and blockchain solutions.
Growth Strategies: The company aims to leverage its AI-based platform, integrated with Blockchain networks and SAP tools, to further drive transparency, efficiency, and trust within the fresh produce supply chain. This technological foundation will enable future growth across various segments of the agricultural market.
Expansion Opportunities: Geographic expansion and increased farmer and buyer onboarding are key opportunities. The focus on reducing agricultural waste and improving farmer profitability also opens avenues for broader impact and market penetration.
Future Challenges and Mitigation Strategies: Potential challenges include scaling operations while maintaining quality, adapting to regional agricultural variations, and ensuring widespread adoption of new technologies by farmers. Mitigation involves continuous technological innovation