About FarmTheory
FarmTheory is a Retail company based in Bengaluru (India) founded in 2019 by Arpit Agarwal and Sakshi Agarwal. Platform for procuring fruits and vegetables directly from farmers. It operates in the Retail and Agriculture sectors. FarmTheory has raised $2.04 million across 5 funding rounds from investors including Angel List, Merak Ventures and Sourav Gupta. The company has 24 employees. FarmTheory was last valued at $1.18 million in December 2022. Its Indian entity Farmtheory Private Limited reported revenue of ₹21.37 Cr. Its focus areas include Food and Agriculture Tech, Crop Tech, ECommerce and Farm Produce. Its competitors include WayCool, FarMart and Ninjacart; 3 of its 3 listed competitors have raised funding.
Company details
FarmTheory was founded in 2019 in Bengaluru, India, operating in the agri-tech sector. A platform is provided for procuring fruits and vegetables from nearby farms. These are delivered to restaurants and other commercial kitchens, facilitating direct connections between farmers and buyers. Operations focus on local sourcing to support efficient supply chains in the region.
- Headquarters Bengaluru, India
- Employees 24
- Founders Arpit Agarwal, Sakshi Agarwal
- Stage Minicorn
- SectorsRetailAgriculture
- Email••••••••
- Phone•••• ••••
- Website farmtheory.in/index.html
- Social LinkedIn X
- Legal Name Farmtheory Private Limited
- Date of Incorporation 25 Dec, 2019
- Jurisdiction Bangalore, Karnataka, India
- Annual Revenue₹21.37 Cr
FY 2024 · +8% YoY
- Net Loss-₹3.35 Cr
FY 2024 · -16% margin
- EBITDA-₹2.90 Cr
FY 2024 · -14% margin
- Total Equity Funding$2.04M (USD)
in 5 rounds
- Latest Funding Round$83.1K (USD), Seed
Nov 2024
- InvestorsAngel List
& 14 more
- Employee Count24
Associated legal entities of FarmTheory
FarmTheory is associated with 2 registered companies on The Company Check; the primary company is Farmtheory Private Limited. 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 |
|---|---|---|---|---|---|---|---|
| Farmtheory Private Limited CIN U51909KA2019FTC131014 | Active | 25 Dec 2019 | Bangalore, Karnataka | ₹21.4 Cr | 33 | 2 | View details |
| Livingtheory Technologies Private Limited CIN U46909KA2023PTC173968 | Active | 22 May 2023 | Bangalore, Karnataka | ₹16.7 Cr | 2 | 2 | View details |
Funding Insights of FarmTheory
FarmTheory has successfully raised a total of $2.04M across 5 strategic funding rounds. The most recent funding activity was a Seed round of $83.1 thousand completed in November 2024. 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 $2.04M
- Total Rounds 5
- Last Round Seed — $83,100
- First Round $150,000
(Jun 2020)
- Investors Count 15
All 5 funding rounds of FarmTheory 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 |
|---|---|---|---|---|---|
| Nov 2024 | $83,100 | Seed | – | – | – |
| Feb 2024 | $1.45M | Seed | – | Merak Ventures | – |
| Dec 2022 | $145,760 | Seed | $1.18M | Angel List | |
| May 2021 | $217,938 | Seed | $3.81M | Takashi Kidosan | |
| Jun 2020 | $150,000 | Seed | – | Y Combinator | – |
| Date | Valuation | Stage |
|---|---|---|
| Dec 2022 | $1.18M | •••••••• |
| May 2021 | $3.81M | •••••••• |
Last known valuation $1.18M (Dec 2022). 15 investors in total: 3 institutional and 12 angel.
Investors in FarmTheory
FarmTheory has secured backing from 15 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Angel List, Merak Ventures and Sourav Gupta.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Early-stage venture capital investments in B2B and emerging technologies, centered in India. | 2022 | merakventures.com | Delhi, India | |
Early-stage startups are accelerated via funding and educational programs. | ycombinator.com | Mountain View, United States | ||
Alternative investment platform for startups and investors is operated. | 2010 | angellist.com | San Francisco, United States | |
SG Sourav Gupta | unknown_50293b2afbcf44718 | |||
TK Takashi Kidosan | unknown_f5d704c59eb646429 | |||
GG Ghanshyam Goel | unknown_6ac82d35f0e545e69 | |||
AA Anish Agarwal | Angel investor and entrepreneur, co-founder of Nykaa, active in Indian startup ecosystem | unknown_54fdda632b0d43178 | ||
RS Richa Setia | unknown_6f00e763849a49ac9 | |||
VS Vandana Sandip Mahajan | unknown_8c371ee8ab7d4123b | |||
LH Lata Hinduja | unknown_7e065148b66b45a3b |
Investor details for FarmTheory
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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Verified entity values are shown only after access is granted.
Board of directors of Farmtheory Private Limited (FarmTheory)
Farmtheory Private Limited is the primary company behind FarmTheory. The boards of the 2 registered companies of FarmTheory currently have 2 directors; the longest-serving is Arpit Agarwal, appointed in 2019.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Arpit Agarwal DIN 08649627 | Director | 25 Dec 2019 | 6 yrs 10 mo | Farmtheory Private Limited, Livingtheory Technologies Private Limited |
| Sakshi Agarwal DIN 08649628 | Director | 25 Dec 2019 | 6 yrs 10 mo | Farmtheory Private Limited, Livingtheory Technologies Private Limited |
People of FarmTheory
3 people are tracked at FarmTheory (2 in leadership, 1 in team); the tracked headcount is 24.
| Name | Role | Group |
|---|---|---|
| Co-Founder | Leadership | |
| Co-Founder | Leadership | |
Rahul Agarwal | Business Finance Lead | Team |
Complete people profiles for FarmTheory
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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Verified entity values are shown only after access is granted.
Financials of FarmTheory
Figures of Farmtheory Private Limited, the primary company behind FarmTheory, for FY 2024. Revenue was ₹21.37 Cr (+8% year on year). Net loss was -₹3.35 Cr (-16% margin). EBITDA was -₹2.90 Cr (-14% margin). Revenue has grown at a compounded annual rate of +154% over three years.
- ₹21.37 CrRevenue · FY 2024 · +8% YoY
- -₹3.35 CrNet loss · -16% margin
- -₹2.90 CrEBITDA · -14% margin
- ₹1.07 CrPaid-up capital
- 33Employees (provident fund records)
- +154%Revenue CAGR, 3 years
Balance sheet, profit and loss, cash flow and ratios of Farmtheory Private Limited are on its company page.
Detailed financial statements for FarmTheory
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Timeline of FarmTheory
4 dated milestones of FarmTheory across 5 years, from founding to its latest funding, stage changes and deals.
- Founded FarmTheory is founded.
- Funding First funding round of $150K.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Seed, of $83K.
Competitors of FarmTheory
FarmTheory has 3 listed competitors in our database, 3 of them funded. They include WayCool, FarMart and Ninjacart.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| waycool.in | 2015 | Chennai, India | $365.53M | 164 | Provider of food supply chain management and farming solutions. | |
| farmart.co | 2015 | Gurugram, India | $51.11M | 296 | SaaS-based B2B solutions for food supply chains are provided. | |
| ninjacart.com | 2015 | Bengaluru, India | $507.77M | 1,103 | B2B platform offering vegetables and fruits |
Detailed competitors of FarmTheory
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Top companies in Food & Grocery Retail
3 companies that operate in the same segment as FarmTheory (Food & Grocery Retail) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Food and grocery items are ordered via an online network. | 2014 | Bengaluru, Karnataka, India | USD 3.62 B | USD 2.46 B | 4,488 | |
Personal and household products are delivered via an e-commerce platform. | 2011 | Bengaluru, Karnataka, India | USD 943.07 M | USD 1.17 B | 22,095 | |
Instant delivery of groceries and essentials is facilitated online. | 2013 | Gurugram, Haryana, India | USD 757.52 M | 11,913 |
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Related news about Farmtheory
Complete news archive for FarmTheory
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Frequently Asked Questions about FarmTheory
FarmTheory was founded in 2019 and raised its 1st funding round 1 year after it was founded.
FarmTheory is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
FarmTheory is a funded company, having raised a total of $2.04M across 5 funding rounds to date. The company's 1st funding round was a Seed of $150K, raised on Jun 2020.
FarmTheory has 24 employees.
The primary company behind FarmTheory, Farmtheory Private Limited, reported revenue of ₹21.37 Cr for FY 2024, up 8% year on year.
FarmTheory was founded in 2019 in Bengaluru, India, operating in the agri-tech sector. A platform is provided for procuring fruits and vegetables from nearby farms. These are delivered to restaurants and other commercial kitchens, facilitating direct connections between farmers and buyers. Operations focus on local sourcing to support efficient supply chains in the region.
FarmTheory has 15 investors. Key investors include Angel List, Merak Ventures, Sourav Gupta, Takashi Kidosan, and Ghanshyam Goel.
The valuation of FarmTheory is $1.18M as of Dec 2022.
FarmTheory is associated with 2 legal entities: Farmtheory Private Limited, Livingtheory Technologies Private Limited.
The legal entities of FarmTheory currently have 2 directors, including Arpit Agarwal, Sakshi Agarwal.