Intello Labs launches agriculture produce trade exchange platform

Intello Labs, an artificial intelligence-focused agricultural technology startup, said it has launched a trade exchange platform – Praman, as part of its wider strategy to build a layer between farmers and traders through digital transformation.

The platform has been in stealth mode over the past few months and features integrated quality assessment, currently facilitates spot-trading and e-auctioning of agri-commodities. Praman has already achieved a monthly gross transaction value (GTV) of $40 million within a few months of its launch. The company said agricultural trade is shifting from physical to digital, and Praman is accelerating this digitization.