About Faarms
Faarms is an Agriculture company based in Bengaluru (India) founded in 2020 by Aditya Khanna, Taranbir Singh, and Alok Duggal. Agricultural inputs are supplied to farmers via a digital marketplace. It operates on a AgriTech Models and Brokerage / Intermediation model. 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. Faarms was last valued at $21.98 million in December 2022. Its chief executive, as recorded, is Taranbir Singh. Faarms offers products and services including Loans and Insurance. Its focus areas include AgriTech and Financial Solutions. Its competitors include DeHaat, Ayekart and StarAgri; 3 of its 3 listed competitors have raised funding.
Company details
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.
- Total Equity Funding$12.42M (USD)
in 3 rounds
- Latest Funding Round$423.2K (USD), Series A
Dec 2022
- InvestorsAmar Ujala Publications
& 6 more
- Employee Count64
Associated legal entities of Faarms
Faarms is associated with 2 registered companies on The Company Check. Each company page carries the filings, financials, charges and directors of that entity.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Efaarms Solution Private Limited CIN U64990KA2020PTC133136 | Active | 02 Mar 2020 | Bangalore, Karnataka | ₹3.1 Cr | 26 | 2 | View details |
| Faarms Global Tech Venture Private Limited CIN U01100KA2020PTC132251 | Active | 03 Feb 2020 | Bangalore, Karnataka | ₹15.1 Cr | 82 | 4 | View details |
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.
- Total Funding $12.42M
- Total Rounds 3
- Last Round Series A — $423,200
- First Round $2M
(Aug 2021)
- Investors Count 7
All 3 funding rounds of Faarms with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec 2022 | $423,200 | Series A | $21.98M | Auxano Capital, Sigurd Ventures | – |
| Jul 2022 | $10M | Series A | – | Cornelius Boersch, Koh Boon Hwee | |
| Aug 2021 | $2M | Seed | – | Koh Boon Hwee, Cornelius Boersch |
| Date | Valuation | Stage |
|---|---|---|
| Dec 2022 | $21.98M | •••••••• |
Last known valuation $21.98M (Dec 2022). 7 investors in total: 3 institutional and 4 angel.
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.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Investment funding and strategic guidance are provided by Auxano. | auxano.in | Gurugram, India | ||
Investment in startups through funds, mentorship, and networking in India. | 2021 | sigurdventures.com | Delhi, India | |
Production of news and publishing of newspapers | 1948 | amarujala.com | Delhi, India | |
CB Cornelius Boersch | German angel investor, founder of Conny & Co., active in India | unknown_5ddc1a67286b47f3b | ||
KB Koh Boon Hwee | Singaporean investor, ex-SingTel chairman, active in Indian startups | unknown_1dda4c64ae394295b | ||
AR Apoorva Ranjan Sharma | unknown_d045ab424dff4d028 | |||
RM Ramit Mittal | unknown_d11674fa7bf244c18 |
Investor details for Faarms
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Board of directors of Faarms
The boards of the 2 registered companies of Faarms currently have 3 directors; the longest-serving is Alok Duggal, appointed in 2021. 8 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Alok Duggal DIN 09033702 | Director | 19 Jan 2021 | 5 yrs 9 mo | Efaarms Solution Private Limited, Faarms Global Tech Venture Private Limited |
| Taranbir Singh DIN 08596415 | Director | 01 Sep 2021 | 5 yrs 1 mo | Efaarms Solution Private Limited, Faarms Global Tech Venture Private Limited |
| Rajeev Uberoi DIN 01731829 | Director | 15 May 2023 | 3 yrs 5 mo | Faarms Global Tech Venture Private Limited |
People of Faarms
3 people are tracked at Faarms (3 in leadership); the tracked headcount is 64.
| Name | Role | Group |
|---|---|---|
Aditya Khanna | Co-Founder | Leadership |
| Co-Founder & CEO | Leadership | |
| Co-Founder & COO | Leadership |
Complete people profiles for Faarms
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Financials of Faarms
Figures of Efaarms Solution Private Limited, the primary company behind Faarms, for FY 2024. Revenue was ₹3.12 Cr (-87% year on year). Net loss was -₹8.25 Cr (-265% margin). EBITDA was -₹5.63 Cr (-181% margin). Revenue has grown at a compounded annual rate of -1% over three years.
- ₹3.12 CrRevenue · FY 2024 · -87% YoY
- -₹8.25 CrNet loss · -265% margin
- -₹5.63 CrEBITDA · -181% margin
- ₹46 LakhPaid-up capital
- 26Employees (provident fund records)
- -1%Revenue CAGR, 3 years
Balance sheet, profit and loss, cash flow and ratios of Efaarms Solution Private Limited are on its company page.
Detailed financial statements for Faarms
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
- Financial ratios
- Five-year trends
- Downloads
Verified entity values are shown only after access is granted.
Timeline of Faarms
4 dated milestones of Faarms across 2 years, from founding to its latest funding, stage changes and deals.
- Founded Faarms is founded.
- Funding First funding round of $2.0M.
- Funding Latest funding round, Series A, of $423K.
- Milestone Reaches Minicorn status.
Competitors of Faarms
Faarms has 3 listed competitors in our database, 3 of them funded. They include DeHaat, Ayekart and StarAgri.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| agrevolution.in | 2012 | Patna, India | $222.04M | 1,446 | DeHaat is recognized as an online marketplace for farmers. | |
| ayekart.com | 2020 | Mumbai, India | $12.84M | 126 | Agricultural producers and distributors are connected through a service network. | |
| staragri.com | 2006 | Mumbai, India | $89.94M | 5,294 | Integrated services are provided across the agricultural value chain. |
Detailed competitors of Faarms
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Web traffic of Faarms
The website of Faarms (faarms.in) receives about 1.2K visits a month.
- Monthly visits1.2K
▲ 293.1% vs previous month
Top companies in Crop Tech & Equipment
3 companies that operate in the same segment as Faarms (Crop Tech & Equipment) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Provider of climate-smart deeptech solutions for renewable energy and sustainable agriculture | 2010 | Pune, Maharashtra, India | USD 76.38 M | USD 56.11 M | 702 | |
Manufacturer and distributor of irrigation equipment | 1963 | Jalgaon, Maharashtra, India | USD 679.04 M | 12,280 | ||
AgroStar is engaged in providing agricultural products and solutions. | 2013 | Pune, Maharashtra, India | USD 208.82 M | USD 31.86 M | 1,249 |
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Related news about Faarms
Complete news archive for Faarms
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
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 CEO of Faarms, as recorded in our data. They have also founded this company.
Faarms is a funded company, having raised a total of $12.42M across 3 funding rounds to date. The company's 1st funding round was a Seed of $2M, raised on Aug 2021.
Faarms has 64 employees.
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.
Faarms is associated with 2 legal entities: Efaarms Solution Private Limited, Faarms Global Tech Venture Private Limited.
The legal entities of Faarms currently have 4 directors, including Alok Duggal, Taranbir Singh, Rajeev Uberoi and others.