FarMart

FarMart

Online platform designed for farm production

Founded

2015

Headquarters

Gurugram (India)

Status

Series C

Company Details

Website

Socials

Email

Phone

+91 - 18002037505

FarMart is a leading SaaS-based B2B food commerce platform revolutionizing the agricultural supply chain across India, Asia, the Middle East, and Africa. FarMart connects over 4.5 million farmers with 40+ food processing units, facilitating the trade of 80+ commodities through its digital platform.

Core Products & Services

  • Digital Food Supply Marketplace: FarMart’s core offering is its digital platform that enables farmers and agri-retailers to list, aggregate, and sell produce directly to food businesses and large institutional buyers, eliminating traditional inefficiencies and middlemen.

  • SaudaBook: A digital tool launched for food processors and millers to streamline procurement and sales.

Unique Value Proposition

  • Direct Farm-to-Table Model: By cutting out intermediaries, FarMart ensures fresher produce, better prices for farmers, and cost savings for buyers6.

  • Transparency & Traceability: The platform prioritizes supply chain transparency, allowing buyers and consumers to track the origin and journey of their food46.

  • Community Engagement: FarMart fosters strong relationships between farmers, retailers, and buyers, building trust and loyalty across the ecosystem6.

  • Sustainability: Committed to promoting sustainable farming practices, reducing food waste, and supporting eco-friendly packaging

Business Model & Revenue Streams

FarMart operates a multi-faceted business model combining SaaS, marketplace, and logistics solutions to generate revenue from various sources:

  • Commission Fees: FarMart takes a percentage commission on each sale made through its platform, typically charged to sellers (farmers, agri-retailers, or food processors).

  • Subscription & Membership Fees: The platform offers premium subscription plans for farmers, food businesses, and retailers, providing access to advanced analytics, marketing tools, and exclusive features.

  • Delivery & Logistics Charges: Customers pay delivery fees for logistics and transportation of goods, contributing to overall revenue.

  • Advertising Revenue: Food businesses can pay for advertising and promotional placements on the platform to reach targeted buyers and consumers.

Customer Segmentation

  • B2B: Food businesses, processors, millers, and institutional buyers seeking direct access to farm produce at scale.

  • B2C: Health-conscious and urban consumers seeking fresh, locally sourced, and traceable food products.

Growth Strategy

FarMart’s growth is driven by:

  • Geographic Expansion: Scaling operations to new regions in India and international markets across Asia, the Middle East, and Africa.

  • Product Diversification: Expanding offerings beyond core commodities to include specialty items, organic products, and value-added services.

  • Technology Integration: Investing in mobile, AI, and data analytics to streamline processes, improve user experience, and drive operational efficiency.

  • Strategic Partnerships: Collaborating with food industry players, logistics providers, and government bodies to expand reach and enhance service delivery.

  • Sustainability Initiatives: Promoting eco-friendly practices and supporting responsible sourcing to attract environmentally conscious customers.

FarMart’s innovative business model, rapid growth, and strong focus on technology, transparency, and sustainability position it as a leader in the modern food supply ecosystem. For investors, researchers, and industry professionals, FarMart represents a scalable, impact-driven company poised for continued expansion and industry leadership.

Key People

Alekh Sanghera

Mehtab Singh Hans

Key Metrics

Total Equity Funding

$51 Million

No. of Funding Rounds

9

Latest Funding Round

$5.15 Million, Series C (CCPS)

as of April 23, 2025

Post Money Valuation

$210 Million

as of December 18, 2024

Funding Multiple

4.2

as of April 23, 2025

Investors

General Catalyst

and 5 more

Employee Count

600

Similar Companies

DCGpac

Exit Details

-

All Funding Rounds

DateRound NameAmountValuationRevenueRevenue Multiple
Investors
April 23, 2025Series C (CCPS)$5.15 Million $210 Million-- GC India Investment Holdings, Z47
December 18, 2024Series B$389 K$238 Million-- Trifecta Capital
March 30, 2022Series B$32.2 Million$138.0Million$28.0Million3.9xGeneral Catalyst, Omidyar Network India, Avaana Capital Advisors, 500 Global, Z47 , Catalyst Funds
October 21, 2021Series A$10 Million$33.8Million$16.4Million1.4xZ47, Innoven Capital, Omidyar Network India, Avaana Capital Advisors, 500 Global, KPB Family Trust, Omidyar Network, Pivotal Ventures ,Panaceainvestments, Panacea Charitable Trust, Wellfound
February 15, 2021 Seed $2.4 Million$4 Million-- Omidyar Network India, Avaana Capital Advisors, Indian Angel Network, Innoven Capital ,LetsVenture, Pragnya
October 17, 2019Seed$507 K$4 Million$130 K- 500 Global
March 16, 2017Seed$245 K$780 K-- Indian Angel Network, Exponential Ventures , Pragnya, LetsVenture, Bustle, BDG, Quibus Resources India

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