About Farmshine
Farmshine is a company based in Nairobi (Kenya) founded in 2017 by Luca Alinovi.. Farmshine has raised $250 thousand across 1 funding round from investors including GMC coLABS. Farmshine offers products and services including Farmshine Platform and Technical Field Agent Services. Farmshine operates in a competitive market with competitors including Wasoko, Twiga Foods, Tridge, Consentio and Taimba, among others.
- Headquarter Nairobi, Kenya
- Founders Luca Alinovi
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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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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$250 K (USD)
in 1 rounds
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Latest Funding Round
$250 K (USD), Seed
Dec 05, 2019
- Investors
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Employee Count
Employee Count
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Products & Services of Farmshine
Farmshine offers a comprehensive portfolio of products and services, including Farmshine Platform and Technical Field Agent Services. 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 farmers to trade crops and access support services.
Services providing advice on crop management and aggregation.
Funding Insights of Farmshine
Farmshine has successfully raised a total of $250K through 1 strategic funding round. The most recent funding activity was a Seed round of $250 thousand completed in December 2019. 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 1
- Last Round Seed — $250,000
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First Round
First Round
(05 Dec 2019)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2019 | Amount | Seed - Farmshine | Valuation | GMC coLABS |
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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 Farmshine
Farmshine has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include GMC coLABS. 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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An early-stage investment portfolio is managed for social impact.
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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 Farmshine
| 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 - Farmshine
| 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 |
Farmshine Comparisons
Competitors of Farmshine
Farmshine 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 Wasoko, Twiga Foods, Tridge, Consentio and Taimba, 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 |
Online B2B marketplace offering groceries for enterprises
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| domain | founded_year | HQ Location |
Farm products are distributed via an online marketplace to vendors.
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| domain | founded_year | HQ Location |
Farm products are traded via an online B2B marketplace.
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| domain | founded_year | HQ Location |
App-based B2B marketplace for fruits and vegetables is operated.
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| domain | founded_year | HQ Location |
Online platform offering fruits and vegetables
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| domain | founded_year | HQ Location |
Online portal providing market prices info and a listing platform for agri produce
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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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Frequently Asked Questions about Farmshine
When was Farmshine founded?
Farmshine was founded in 2017 and raised its 1st funding round 2 years after it was founded.
Where is Farmshine located?
Farmshine is headquartered in Nairobi, Kenya.
Who is the current CEO of Farmshine?
Luca Alinovi is the current CEO of Farmshine. They have also founded this company.
Is Farmshine a funded company?
Farmshine is a funded company, having raised a total of $250K across 1 funding round to date. The company's 1st funding round was a Seed of $250K, raised on Dec 05, 2019.
What does Farmshine do?
Farmshine was founded in 2017 in Nairobi, Kenya, as an online marketplace in the agricultural sector. Farmers are linked with suppliers and service providers through the platform. Traceability of products is enhanced, market efficiency is supported, and pooled purchasing options are facilitated. Operations focus on improving agricultural supply chains in the region.
Who are the top competitors of Farmshine?
Farmshine's top competitors include Wasoko, Twiga Foods and Tridge.
What products or services does Farmshine offer?
Farmshine offers Farmshine Platform and Technical Field Agent Services.
Who are Farmshine's investors?
Farmshine has 1 investor. Key investors include GMC coLABS.