Absolute Soonicorn

Produce reaches consumers, retail stores and restaurants on the day it is harvested.

An AI-driven operating system lets farmers grow crops without synthetic enzymes or GMOs across vertical farms, greenhouses and open farms.

Absolute contracts directly with farmers and farmer collectives (FPCs/FPOs) for produce and agronomy advisory.

Fruits and vegetables are exported to overseas consumers, retail stores and restaurants.

Long-running direct procurement relationships with Farmer Producer Companies, capturing a large share of their output.

Global trade platform engaging farmers across India, Africa and Latin America to move produce to market.

R&D platform intersecting plant biology, microbiology, omics, molecular biology, epigenetics and AI.

Rolling out its Farm OS across a large, growing acreage of managed precision farmland.

A proprietary R&D asset from its Xenesis arm, claimed to be one of the largest collections of microorganisms, biomolecules and enzymes found in nature.

MoU with UNDP India to strengthen the government's PMFBY crop insurance scheme and digitalize service delivery.

Incubated as part of Sequoia India's Surge programme, which also backed and participated in later fundraising.

Procures and trades fruit and vegetables at meaningful monthly volume.

Buying farm produce and other agricultural raw materials from farmers is Absolute's single largest cost center, consistently around 87% of total expenses.

Wages, salaries and ESOP charges form a fast-growing cost line as the company hires to support its expanding trading and R&D operations.

Logistics costs for moving fresh produce and spending on the company's bioscience R&D are distinct, fast-growing cost lines behind the core procurement cost.

The high-volume, low-margin nature of fresh-produce trading meant costs outpaced revenue on a per-unit basis in FY22, despite fast top-line growth.