About Faarms
Faarms is a company based in Bengaluru (India) founded in 2020 by Aditya Khanna, Taranbir Singh, and Alok Duggal. It operates as a AgriTech Models and Brokerage / Intermediation. Faarms has raised $12.42 million across 3 funding rounds from investors including Amar Ujala Publications, Sigurd Ventures and Auxano. The company has 64 employees as of May 31, 2024. Faarms offers products and services including Loans and Insurance. Faarms operates in a competitive market with competitors including DeHaat, Ayekart, StarAgri, Semaai and Gramophone, among others.
- Headquarter Bengaluru, India
- Employees 64 as on 31 May, 2024
- Founders Aditya Khanna, Taranbir Singh, Alok Duggal
- Stage Minicorn
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Sectors
Agriculture
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Phone
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Website
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Social
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Annual Revenue
Not available
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Net Profit
Not available
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EBITDA
Not available
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Total Equity Funding
$12.42 M (USD)
in 3 rounds
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Latest Funding Round
$423.2 K (USD), Series A
Dec 26, 2022
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Investors
Amar Ujala Publications
& 6 more
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Employee Count
64
as on May 31, 2024
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Products & Services of Faarms
Faarms offers a comprehensive portfolio of products and services, including Loans and Insurance.
Loans are provided for agricultural financial support needs.
Insurance products are offered for agricultural risk protection.
Funding Insights of Faarms
Faarms has successfully raised a total of $12.42M across 3 strategic funding rounds. The most recent funding activity was a Series A round of $423.2 thousand completed in December 2022. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
Investors in Faarms
Faarms has secured backing from 7 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Amar Ujala Publications, Sigurd Ventures and Auxano.
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Investment funding and strategic guidance are provided by Auxano.
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Investment in startups through funds, mentorship, and networking in India.
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Production of news and publishing of newspapers
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Investor details for Faarms
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Investments & Acquisitions by Faarms
Investment portfolio details for Faarms
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Financial Statements - Faarms
Detailed financials for Faarms
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Faarms Comparisons
Peer comparison for Faarms
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Competitors of Faarms
Faarms operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as DeHaat, Ayekart, StarAgri, Semaai and Gramophone, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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DeHaat is recognized as an online marketplace for farmers.
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Agricultural producers and distributors are connected through a service network.
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Integrated services are provided across the agricultural value chain.
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Provider of app-based diversified tech-based services for farmers
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Agricultural technology solutions are delivered to farmers for full-cycle support.
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Commodity procurement, trade financing, and warehousing solutions are provided.
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Detailed competitors of Faarms
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Latest news on Faarms
Complete news archive for Faarms
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Frequently Asked Questions about Faarms
Faarms was founded in 2020 and raised its 1st funding round 1 year after it was founded.
Faarms is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Taranbir Singh is the current CEO of Faarms. They have also founded this company.
Faarms is a funded company, having raised a total of $12.42M across 3 funding rounds to date.
As of May 31, 2024, the latest employee count at Faarms is 64.
Agricultural financial solutions, including loans and insurance, are offered by Faarms. Support is extended to farmers through accessible financial products. The focus is placed on mitigating risks and enhancing agricultural productivity. Services are tailored for the agricultural sectors unique needs.
Faarms offers Loans and Insurance.
Faarms has 7 investors. Key investors include Amar Ujala Publications, Sigurd Ventures, Auxano, Cornelius Boersch, and Koh Boon Hwee.
The valuation of Faarms is $21.98M as of Dec 2022.