About Farmkart
Farmkart is a company based in Indore (India) founded in 2017 by Atul Patidar.. Farmkart has raised $2.35 million across 2 funding rounds from investors including Startup Grind. The company has 62 employees as of April 02, 2024. Farmkart offers products and services including E-commerce Platform, UIC Membership, Farmkart Delivery, and Agri-Nidan. Farmkart operates in a competitive market with competitors including BigHaat, FarMart, Jumbotail, ShopKirana and Poshn, among others.
- Headquarter Indore, India
- Employees 62 as on 02 Apr, 2024
- Founders Atul Patidar
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Sectors
AgricultureRetail
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Farmkart Online Services Private Limited
- Date of Incorporation 23 May, 2017
- Jurisdiction Rau, Madhya Pradesh, India
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Annual Revenue
$2 M (USD)-24.14as on Mar 31, 2023
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Net Profit
$-195.23 K (USD)-9.95as on Mar 31, 2023
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EBITDA
$-316.4 K (USD)-88.89as on Mar 31, 2023
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Total Equity Funding
$2.35 M (USD)
in 2 rounds
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Latest Funding Round
- Investors
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Employee Count
62
as on Apr 02, 2024
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Products & Services of Farmkart
Farmkart offers a comprehensive portfolio of products and services, including E-commerce Platform, UIC Membership, Farmkart Delivery, and Agri-Nidan. 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 purchasing agricultural products and services.
AI tool providing personalized farming advice and recommendations.
In-house service for fast delivery of agri inputs to farmers.
App and consulting for tailored crop management and insights.
Funding Insights of Farmkart
Farmkart has successfully raised a total of $2.35M across 2 strategic funding rounds. 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 2
- Last Round Last Round
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First Round
First Round
(01 Jun 2017)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2018 | Amount | Grant - Farmkart | Valuation |
investors |
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| Jun, 2017 | Amount | Seed - Farmkart | Valuation |
investors |
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| 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 Farmkart
Farmkart has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Startup Grind. 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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Networking events for startups and entrepreneurs are hosted globally.
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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 Farmkart
| 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 - Farmkart
| 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 |
Farmkart Comparisons
Competitors of Farmkart
Farmkart 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 BigHaat, FarMart, Jumbotail, ShopKirana and Poshn, 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 |
Quality agri-inputs and information are delivered through an e-commerce platform.
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| domain | founded_year | HQ Location |
SaaS-based B2B solutions for food supply chains are provided.
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| domain | founded_year | HQ Location |
B2B marketplace platform connecting retailers with brands and staples producers
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| domain | founded_year | HQ Location |
Provider of B2B procurement platform for grocery retailers
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| domain | founded_year | HQ Location |
Provider of suite of services for businesses
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| domain | founded_year | HQ Location |
A platform for agri input retailers and suppliers in India.
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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 Farmkart
Frequently Asked Questions about Farmkart
When was Farmkart founded?
Farmkart was founded in 2017.
Where is Farmkart located?
Farmkart is headquartered in Indore, India. It is registered at Indore, Madhya Pradesh, India.
Who is the current CEO of Farmkart?
Atul Patidar is the current CEO of Farmkart. They have also founded this company.
Is Farmkart a funded company?
Farmkart is a funded company, having raised a total of $2.35M across 2 funding rounds to date. The company's 1st funding round was a Seed of $2.35M, raised on Jun 01, 2017.
How many employees does Farmkart have?
As of Apr 02, 2024, the latest employee count at Farmkart is 62.
What is the annual revenue of Farmkart?
Annual revenue of Farmkart is $2M as on Mar 31, 2023.
What does Farmkart do?
Farmkart was founded in 2017 in Indore, India, within the agriculture sector. An app-based platform is offered to connect farmers with agricultural inputs such as seeds, fertilizers, pesticides, and farm machinery. Consulting services are provided for custom solutions in farming techniques and practices. The mobile application is accessible on both iOS and Android platforms, supporting operations primarily in India.
Who are the top competitors of Farmkart?
What products or services does Farmkart offer?
Farmkart offers E-commerce Platform, UIC Membership, Farmkart Delivery, and Agri-Nidan.
Who are Farmkart's investors?
Farmkart has 1 investor. Key investors include Startup Grind.