IndiaTechDesk - India's Leading Tech and Startup Media Publication
  • Home
  • TOPICS
    • AI & Big Data
    • AR & VR
    • Blockchain
    • Business
    • Clean Technology
    • Content & Games
    • Cybersecurity
    • Ecosystem & Lists
    • Enterprise & SaaS
    • FinTech
    • Gadgets & Electronics
    • Health & Bio
    • Investments
    • IoT
    • Marketplaces & E-commerce
    • Robotics
    • Transportation & Logistics
    • enterprise
    • SaaS
  • Venture capital
  • Events
  • Lists
No Result
View All Result
  • Home
  • TOPICS
    • AI & Big Data
    • AR & VR
    • Blockchain
    • Business
    • Clean Technology
    • Content & Games
    • Cybersecurity
    • Ecosystem & Lists
    • Enterprise & SaaS
    • FinTech
    • Gadgets & Electronics
    • Health & Bio
    • Investments
    • IoT
    • Marketplaces & E-commerce
    • Robotics
    • Transportation & Logistics
    • enterprise
    • SaaS
  • Venture capital
  • Events
  • Lists
No Result
View All Result
IndiaTechDesk - India's Leading Tech and Startup Media Publication
No Result
View All Result
Home Marketplaces & E-commerce

Agritech Startup FarMart Raises $10Million in a Series A Investment Led by Matrix Partners India

IndiaTechDesk Editor by IndiaTechDesk Editor
October 21, 2021
in Marketplaces & E-commerce, SaaS
54 4
0
Agritech Startup FarMart Raises $10Million in a Series A Investment Led by Matrix Partners India

FarMart will use the funding to strengthen its distribution network.

189
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

Gurgaon-based FarMart, a B2B SaaS-led Agritech startup, has raised $10 million funding led by Matrix Partners India, with Innoven Capital and existing investors — Omidyar Network India, Avaana Capital, and 500 Startups.

Angel investors participating in the round include Amit Lakhotia (Founder, Park+), Jitendra Gupta (Founder and CEO, Jupiter), KP Balaraj (Ex-founder, WestBridge Capital and Sequoia Capital India), OfBusiness Founder’s Fund, Revant Bhate and Dhyanesh Shah (Co-founders, Mosiac Wellness) among other marquee angel investors.

FarMart will use the funding to strengthen its distribution network across the country, scale product capabilities, and grow the team. FarMart’s fundraising announcement comes soon after its $2.4 million pre-Series A funding in June 2021.

FarMart helps farmers through its technology-enabled platform

Operated by Farmart Service Pvt Ltd, the startup was founded in December 2015 by Alekh Sanghera, Mehtab Singh Hans, and Lokesh Singh. Initially, FarMart helped farmers rent their underutilized agricultural machinery to small and marginal farmers in need of it on a pay-per-use basis via a mobile app and call center.

Now the startup addresses the fragmented $300 billion food supply market in India. FarMart’s tech platform enables food businesses to source quality produce in large quantities directly from the farm at cheaper pricing and a faster turnaround time.

The agritech startup has tried to provide technology-driven solutions to myriad issues ailing the Indian farm sector. It has also developed a disruptive scalable model after years of hard work with small and medium-scale farmers at the grassroots level.

Alekh Sanghera, Co-founder of, FarMart said, “This fundraiser is a true reflection of the vision we have at FarMart, which is to build an operating system for the agribusiness community in India, starting with agri-retailers who are at the core of our business. Our remarkable growth over the past few months is testament to our thesis of building a product-first and an asset-light business, driven by our amazing team.”

FarMart launched its market linkage platform six months back

FarMart’s model is centered around agri-input retailers and solves key challenges faced by the retailer community. Firstly, FarMart provides a micro-SaaS platform that enables retailers to digitize their workflow, increase sales to farmers, and conduct their existing business more efficiently.

Since launching the market linkage platform six months back, the company has scaled its network to over 15,000 active agri-input retailers and 750,000 farmers who have shipped over 30,000+ tonnes of produce on the FarMart platform.

Today, among more than 100 B2B buyers, ITC, Olam, and Cargill, among others. The company’s SaaS-enabled asset-light model and low working capital have helped them achieve this exponential growth in a highly capital-efficient manner.

Sudipto Sannigrahi, Vice President, Matrix India, commented, “FarMart’s tech-led scalable model makes them well-positioned to disrupt the $300 billion+ Agriculture market, and their robust growth over the last six months is a testament to their model and execution. We’re excited to be a part of this disruptive journey with the FarMart team!”

Tags: Agribazaaragritech startupindian startupSaaS
IndiaTechDesk Editor

IndiaTechDesk Editor

IndiaTechDesk is part of beSUCCESS Media group, focusing on Indian startup and tech news, trends and analysis. Write to us at press@indiatechdesk.com.

Related Posts

Flash.co - Revolutionizing Online Shopping for Power Shoppers.
Marketplaces & E-commerce

Flash.co Secures $6.7 Million in Pre-Series A Funding, Revolutionizing Online Shopping

September 20, 2023
Zluri Secures $20M Series B Funding to Revolutionize SaaS Management with AI
SaaS

Zluri Secures $20M Series B Funding to Revolutionize SaaS Management with AI

July 14, 2023
QuickReplay.ai Secures $1.14 million to Reform Whatsapp Marketing
Marketplaces & E-commerce

QuickReplay.ai Secures $1.14 million to Reform Whatsapp Marketing

April 29, 2023
Dozer bags $3 million Seed Funding Emerging Out of Stealth
SaaS

Dozer bags $3 million Seed Funding Emerging Out of Stealth

April 5, 2023
Indian Fintech Startup Lentra secures $60 million to Fuel Global Expansion
SaaS

Indian Fintech Startup Lentra secures $60 million to Fuel Global Expansion

November 16, 2022
Udaan B2B
Marketplaces & E-commerce

Udaan bags $120 million Defying Startup Funding Winter

October 28, 2022
No Result
View All Result

Trending Posts

  • Tech-Driven Luxury Property Manager Elivaas Secures $2.5M in Seed Funding to Expand Market Presence
    Tech-Driven Luxury Property Manager Elivaas Secures $2.5M in Seed Funding to Expand Market Presence
    by Kyung-sooNovember 28, 2023
  • 5 Steps to Secure Capital From VC Firms in India
    5 Steps to Secure Capital From VC Firms in India
    by IndiaTechDesk EditorJanuary 28, 2020
  • 5 Most Recent Startup Failures in India
    5 Most Recent Startup Failures in India
    by IndiaTechDesk EditorJanuary 24, 2020
  • 6 Active Angel Investors in India For 2020
    6 Active Angel Investors in India For 2020
    by IndiaTechDesk EditorJanuary 22, 2020
  • Top 5 Low-cost High-profit Business Ideas in India for 2020
    Top 5 Low-cost High-profit Business Ideas in India for 2020
    by IndiaTechDesk EditorJanuary 21, 2020
  • 6 Startup Laws in India You Should Consider To Get Started
    6 Startup Laws in India You Should Consider To Get Started
    by IndiaTechDesk EditorJanuary 20, 2020
  • Top 5 Startup Programs by the Indian Government
    Top 5 Startup Programs by the Indian Government
    by IndiaTechDesk EditorJanuary 17, 2020
  • Top 5 Startup Predictions for India in 2020
    Top 5 Startup Predictions for India in 2020
    by IndiaTechDesk EditorJanuary 15, 2020
  • 5 Biggest Indian Startup Acquisitions of 2019
    5 Biggest Indian Startup Acquisitions of 2019
    by IndiaTechDesk EditorJanuary 14, 2020
  • 5 Best-Kept Secrets of Amazon’s Incredible Success in India
    5 Best-Kept Secrets of Amazon’s Incredible Success in India
    by IndiaTechDesk EditorJanuary 12, 2020




Products

Apple 20W USB-C Power Adapter

Apple MagSafe Battery Pack

Apple AirPods Pro (2nd Generation) Wireless Earbuds

Apple Lightning to USB Cable

ABOUT US

IndiaTechDesk is obsessed with the Indian startup ecosystem, offering intelligent, engaging coverage of the innovations, emerging startups, and entrepreneurship in India.....read more

Follow Us

FREE NEWSLETTER

 

Categories
  • Accelerator
  • Agriculture
  • AI & Big Data
  • AR & VR
  • Bitcoin
  • Blockchain
  • Business
  • Clean Technology
  • Competitions
  • Content & Games
  • Coronavirus
  • Cryptocurrency
  • Cybersecurity
  • E-commerce
  • Ecosystem & Lists
  • Education
  • enterprise
  • Enterprise & SaaS
  • entertainment
  • Events
  • featured
  • FinTech
  • Gadgets & Electronics
  • Gaming
  • Guide
  • Health & Bio
  • Incubator
  • Indian Startups
  • Indian Women
  • Insurance
  • Interviews
  • Investments
  • IoT
  • Manufacturing
  • Market
  • Marketplaces & E-commerce
  • Regulation
  • Robotics
  • SaaS
  • Space Startup
  • Transportation & Logistics
  • Travel
  • Uncategorized
  • Venture capital
  • “Contact: press@indiatechdesk.com”
  • Terms of Use
  • Privacy Policy
  • Cookie Policy
  • About Us

Copyright © 2023 indiatechdesk.com

No Result
View All Result
  • Home
  • TOPICS
    • AI & Big Data
    • AR & VR
    • Blockchain
    • Business
    • Clean Technology
    • Content & Games
    • Cybersecurity
    • Ecosystem & Lists
    • Enterprise & SaaS
    • FinTech
    • Gadgets & Electronics
    • Health & Bio
    • Investments
    • IoT
    • Marketplaces & E-commerce
    • Robotics
    • Transportation & Logistics
    • enterprise
    • SaaS
  • Venture capital
  • Events
  • Lists

Copyright © 2023 indiatechdesk.com

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In