About Farmgate
Farmgate is an Agriculture company based in Hyderabad (India) founded in 2016. Tech-enabled services for agriculture industry are provided. The company has 71 employees. Its Indian entity Farmgate Technologies Private Limited reported revenue of ₹26.07 Cr. Its focus areas include Food and Agriculture Tech, Crop Tech, Farming as a Service and Tech Enabled Services. Its competitors include DeHaat, Ayekart and StarAgri; 3 of its 3 listed competitors have raised funding.
Company details
Farmgate Technologies was founded in 2016 in Hyderabad, India, as a provider of tech-enabled services for the agriculture sector. Digital platforms for spot trading in agriculture have been developed, recognized as the worlds largest of their kind. End-to-end services are being expanded to include farm credit, insurance, primary processing, quality assaying, and logistics, supporting trade operations in the region.
- Headquarters Hyderabad, India
- Employees 71
- SectorsAgriculture
- Email••••••••
- Website farmgate.com
- Social LinkedIn
- Legal Name Farmgate Technologies Private Limited
- Date of Incorporation 04 Jun, 2018
- Jurisdiction Hyderabad, Telangana, India
- Annual Revenue₹26.07 Cr
FY 2024 · +21% YoY
- Net Profit₹1.64 Cr
FY 2024 · 6% margin
- EBITDA₹3.82 Cr
FY 2024 · 15% margin
- Latest Funding Round$500K (USD), Grant
Sep 2024
- Investors
- Employee Count71
Associated legal entities of Farmgate
Farmgate operates through Farmgate Technologies Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Farmgate Technologies Private Limited CIN U01110TG2018PTC124920 | Active | 04 Jun 2018 | Hyderabad, Telangana | ₹26.1 Cr | 71 | 3 | View details |
Funding Insights of Farmgate
- Total Rounds 1
- Last Round Grant — $500,000
- First Round $500,000
(Sep 2024)
- Investors Count 1
All 1 funding rounds of Farmgate 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 |
|---|---|---|---|---|---|
| Sep 2024 | $500,000 | Grant | – | – |
1 investors in total: 1 institutional.
Investors in Farmgate
Farmgate has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include United States Department of Agriculture.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Leadership is provided on agriculture, food, and rural development matters. | 1862 | usda.gov |
Investor details for Farmgate
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
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Verified entity values are shown only after access is granted.
Board of directors of Farmgate Technologies Private Limited (Farmgate)
Farmgate Technologies Private Limited is the primary company behind Farmgate. The board of Farmgate Technologies Private Limited currently have 2 directors; the longest-serving is Penumutchu Gopala Krishna, appointed in 2019. 11 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Penumutchu Gopala Krishna DIN 06472828 | Director | 11 Mar 2019 | 7 yrs 7 mo | Farmgate Technologies Private Limited |
| Ravindra Kalidindi DIN 00021440 | Director | 29 Sep 2023 | 3 yrs 1 mo | Farmgate Technologies Private Limited |
Financials of Farmgate
Figures of Farmgate Technologies Private Limited, the primary company behind Farmgate, for FY 2024. Revenue was ₹26.07 Cr (+21% year on year). Net profit was ₹1.64 Cr (6% margin). EBITDA was ₹3.82 Cr (15% margin). Revenue has grown at a compounded annual rate of -6% over three years and +119% over five years.
- ₹26.07 CrRevenue · FY 2024 · +21% YoY
- ₹1.64 CrNet profit · 6% margin
- ₹3.82 CrEBITDA · 15% margin
- ₹1 LakhPaid-up capital
- 71Employees (provident fund records)
- -6%Revenue CAGR, 3 years
- +119%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Farmgate Technologies Private Limited are on its company page.
Detailed financial statements for Farmgate
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 Farmgate
2 dated milestones of Farmgate across 8 years, from founding to its latest funding, stage changes and deals.
- Founded Farmgate is founded.
- Funding First funding round of $500K.
Competitors of Farmgate
Farmgate 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 Farmgate
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
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- Competitive positioning
Verified entity values are shown only after access is granted.
Top companies in Crop Tech & Equipment
3 companies that operate in the same segment as Farmgate (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 |
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Frequently Asked Questions about Farmgate
Farmgate was founded in 2016 and raised its 1st funding round 8 years after it was founded.
Farmgate is headquartered in Hyderabad, India. It is registered at Hyderabad, Telangana, India.
Farmgate has 71 employees.
The primary company behind Farmgate, Farmgate Technologies Private Limited, reported revenue of ₹26.07 Cr for FY 2024, up 21% year on year.
Farmgate Technologies was founded in 2016 in Hyderabad, India, as a provider of tech-enabled services for the agriculture sector. Digital platforms for spot trading in agriculture have been developed, recognized as the worlds largest of their kind. End-to-end services are being expanded to include farm credit, insurance, primary processing, quality assaying, and logistics, supporting trade operations in the region.
Farmgate has 1 investor. Key investors include United States Department of Agriculture.
Farmgate operates through Farmgate Technologies Private Limited.
The legal entities of Farmgate currently have 3 directors, including Penumutchu Gopala Krishna, Ravindra Kalidindi, Dushyant Kumar Tyagi.