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Ricult Key Value propositions
Ricult Latest news
Ricult raises $2m in pre-Series A round | Ricult
Aug 16, 2020 ... Two big banks enter joint venture for AgriTech startup Ricult to help Thai farmers increase efficiency. Ricult Inc. (“Ricult”), an AgriTech ...
DIGITAL FARMER PROFILES: - Reimagining Smallholder Agriculture
concept stories and media interest trigger significant ... Source: https://challenges.openideo.com/challenge/bridgebuilder/ideas/ricult ... https://phys.org/news/ ...
Farmer story - top Ricult user
Oct 20, 2021 ... Today, we would like to cover a story of one of top users of Ricult farmer app in 2019. The farmer name is Jumrus Inpuek who plants maize and ...
Agricultural Development | Bill & Melinda Gates Foundation
Read the latest stories, research, interviews, and news from across the Gates Foundation. ... Our investments in agriculture play an important role in the ...
Ricult SWOT Analysis
Strengths
Uses technology to address key challenges in agriculture finance and farming practicesFocuses on empowering underserved smallholder farmers in emerging marketsData-driven approach enables better decision-making for farmers and lenders
Weaknesses
Reliance on technology adoption and digital literacy among its target usersPotential difficulties in scaling operations across different geographical regionsSubject to regulatory and policy changes in the agricultural and financial sectors
Opportunities
Expanding into new geographical markets with large smallholder farming populationsDeveloping new products and services leveraging data analytics and machine learningCollaborating with governments and NGOs to promote sustainable agriculture practices
Threats
Competition from established players in the fintech and agricultural technology sectorsData privacy and security concerns related to handling sensitive farmer informationEconomic downturns and climate change impacts on agricultural productivity
Top Marketing Strategies for Ricult
Ricult User Persona
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GOALS
Frustrations
Ricult Geographic and Demographic Insights
Geographic Insights: Ricult's target market is concentrated in Southeast Asia, with Thailand and Indonesia being the top two markets capturing 60% of the user base.
Thailand
35%
Indonesia
25%
Vietnam
15%
Philippines
10%
India
5%
Demographic Insights: Ricult's user base skews slightly towards males and users aged between 25-44. This aligns with the demographics of farmers and early technology adopters.
Ricult Socio-economic Profile
Household and Income Insights: Ricult's users typically belong to households of 3-4 people with medium income levels, reflecting the average household size and income in Southeast Asia.
Educational and Employment Insights: Majority of Ricult's users are employed full-time, primarily as farmers with high school education levels, indicating a focus on the agricultural workforce.
Ricult Behavioral Insights
Interest-Based Insights: Users are interested in sustainable agriculture, farm technology, food security, supply chain management, and impact investing in emerging markets like Southeast Asia.
Technology and Social Media Usage: Users primarily access services through Android devices and engage with Facebook, YouTube, and LinkedIn. Desktop usage is moderate.
Ricult Top Competitors
Competitor | Estimated market share | Top domains |
---|---|---|
Cropin | 35% | Farm Management Software, Data Analytics, Remote Sensing |
AgNext Technologies | 25% | Quality Analysis, Traceability, Supply Chain Visibility |
Taranis | 15% | Precision Agriculture, Crop Intelligence, Risk Management |