Thanks, Bhanu. Players like DeHaat also work on the agri input front. What I heard from all the agtech companies I spoke to is that you need to be present across the agri value chain. So we'll see players expanding their offerings across inputs, financing, market linkage, etc. Regarding your other point, fruit and vegetables are already outside the purview of the APMC Act in many states. So the current reforms will have a bigger impact on grains, pulses and other crops.

Seetharaman G

Hi, Nirmalendu, the way I see it, mandis are going to co-exist with these venture capital-backed aggregators. And we are not going to have just one or two of these platforms. As far as dispute resolution is concerned, you're right that approaching the DM or SDM is hardly the solution. But I'm not sure what a more effective alternative would be.

Seetharaman G

Thanks, Ujwal. No, I didn't come across any such company. There is certainly a lot of work to be done on the digitisation front. Land records are so complicated that it will take years to digitise them. But I wonder if it can be done by a for-profit entity.

Seetharaman G

Thanks, Vinay! One of the comments I heard while I was reporting was that a lot of the traditional traders will now go digital and compete or work with aggregators.

Seetharaman G

Thanks, PK!

Seetharaman G

Agree, Pratik. The ECA has also been a factor. There's still a lot more scepticism about the ECA amendment than about the APMC reform.

Seetharaman G

That's definitely the objective of these reforms, Kalpana. But it's too early to say anything conclusively. The new rules, which should be out soon, will give us an idea about how the government intends to protect farmers.

Seetharaman G

Thanks, Nakul! DTC would require a lot more capital and is quite different from being present across the agri value chain. I believe it's quite difficult to scale both.

Seetharaman G

Thanks, Anand, for your comments. This story's primary objective was to look at the implications of the reforms for aggregators. While we have briefly discussed the downside of this for farmers and traders, that was not the focus of the piece. But your observations about the impact on them are valid.

Seetharaman G

Thanks, Ravi!

Seetharaman G

Thanks, Ketul!

Seetharaman G

Thanks, Gowthaman! No, I don't think privacy concerns have affected usage of Zoom here. I see a lot of people using it for both official and personal purposes.

Seetharaman G