About FarMart
FarMart is a company based in Gurugram (India) founded in 2015 by Alekh Sanghera and Mehtab Singh Hans.. FarMart has raised $51.11 million across 9 funding rounds from investors including Wellfound, LetsVenture and responsAbility. The company has 373 employees as of April 04, 2024. FarMart offers products and services including Ingredients Sourcing, Agri Community App, and Truck Tracking on SaudaBook. FarMart operates in a competitive market with competitors including HyperPure, BigHaat, WayCool, Ninjacart and Jumbotail, among others.
- Headquarter Gurugram, India
- Employees 373 as on 04 Apr, 2024
- Founders Alekh Sanghera, Mehtab Singh Hans
- Stage Minicorn
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Sectors
RetailAgriculture
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Farmart Service Private Limited
- Date of Incorporation 30 Dec, 2015
- Jurisdiction Ghaziabad, Uttar Pradesh, India
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Annual Revenue
$124.42 M (USD)395.8as on Mar 31, 2023
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Net Profit
$-5.57 M (USD)-164.89as on Mar 31, 2023
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EBITDA
$-5.26 M (USD)-185.52as on Mar 31, 2023
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Total Equity Funding
$51.11 M (USD)
in 9 rounds
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Latest Funding Round
$4.69 M (USD), Debt – Conventional
Apr 23, 2025
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Investors
Wellfound
& 60 more
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Employee Count
373
as on Apr 04, 2024
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Products & Services of FarMart
FarMart offers a comprehensive portfolio of products and services, including Ingredients Sourcing, Agri Community App, and Truck Tracking on SaudaBook. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Platform for procuring and managing farm-sourced food commodities efficiently.
App connecting farmers and businesses for agricultural interactions and support.
Service for tracking trucks in food supply and distribution networks.
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Funding Insights of FarMart
FarMart has successfully raised a total of $51.11M across 9 strategic funding rounds. The most recent funding activity was a Debt – Conventional round of $4.69 million completed in April 2025. 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 Total Funding
- Total Rounds 9
- Last Round Debt – Conventional — $4.7M
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First Round
First Round
(16 Mar 2017)
- Investors Count 61
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2025 | Amount | Debt – Conventional - FarMart | Valuation |
investors |
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| Dec, 2024 | Amount | Series C - FarMart | Valuation | Trifecta Capital , General Catalyst | |
| May, 2024 | Amount | Debt – Conventional - FarMart | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in FarMart
FarMart has secured backing from 61 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Wellfound, LetsVenture and responsAbility. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Venture debt is provided to growth-stage companies for business scaling.
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Founded Year | Domain | Location | |
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Private debt and equity funds are managed for technology sectors.
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Founded Year | Domain | Location | |
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Venture capital investment firm
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by FarMart
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - FarMart
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Farmart Comparisons
Competitors of FarMart
FarMart 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 HyperPure, BigHaat, WayCool, Ninjacart and Jumbotail, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Food industry ingredients are supplied via a B2B platform.
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| domain | founded_year | HQ Location |
Quality agri-inputs and information are delivered through an e-commerce platform.
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| domain | founded_year | HQ Location |
Provider of food supply chain management and farming solutions.
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| domain | founded_year | HQ Location |
B2B platform offering vegetables and fruits
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| domain | founded_year | HQ Location |
B2B marketplace platform connecting retailers with brands and staples producers
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Farmart
Frequently Asked Questions about FarMart
When was FarMart founded?
FarMart was founded in 2015 and raised its 1st funding round 2 years after it was founded.
Where is FarMart located?
FarMart is headquartered in Gurugram, India. It is registered at Gurugram, Haryana, India.
Who is the current CEO of FarMart?
Alekh Sanghera is the current CEO of FarMart. They have also founded this company.
Is FarMart a funded company?
FarMart is a funded company, having raised a total of $51.11M across 9 funding rounds to date. The company's 1st funding round was a Debt – Conventional of $2.89M, raised on Mar 16, 2017.
How many employees does FarMart have?
As of Apr 04, 2024, the latest employee count at FarMart is 373.
What is the annual revenue of FarMart?
Annual revenue of FarMart is $124.42M as on Mar 31, 2023.
What does FarMart do?
FarMart was founded in 2015 and is headquartered in Gurugram, India. SaaS-based platforms for the B2B food supply chain sector are developed and operated by the company. Digital infrastructure is supplied to connect food producers, processors, and enterprises. Market linkages are facilitated to improve access to buyers and suppliers. Financial capital is extended to support operations within the agricultural ecosystem.
Who are the top competitors of FarMart?
What products or services does FarMart offer?
FarMart offers Ingredients Sourcing, Agri Community App, and Truck Tracking on SaudaBook.
Who are FarMart's investors?
FarMart has 61 investors. Key investors include Wellfound, LetsVenture, responsAbility, Omidyar Network, and BDG.
What is FarMart's valuation?
The valuation of FarMart is $233.72M as of Dec 2024.
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