About Truefarm Foods
Truefarm Foods is a company based in Mumbai (India) founded in 2016. It operates as a D2C, and B2C. Truefarm Foods has raised $1.06 million across 1 funding round from investors including Network Foods, Sandhya Neelkant Ganwat and Asha Biyani. The company has 4 employees as of March 31, 2023. Truefarm Foods offers products and services including Certified A2 Ghee, Organic Jaggery Powder, Organic Rolled Oats, Organic Almonds, and Organic Turmeric Powder. Truefarm Foods operates in a competitive market with competitors including Conscious Foods, Natureland Organics, Organic India, Nourish Organics and Swadesi Way, among others.
- Headquarter Mumbai, India
- Employees 4 as on 31 Mar, 2023
- Stage Minicorn
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Sectors
RetailHealthcare
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Truefarm Foods India Private Limited
- Date of Incorporation 19 Feb, 2011
- Jurisdiction Mumbai, Maharashtra, India
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Annual Revenue
$387.54 K (USD)22.32as on Mar 31, 2023
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Net Profit
$-181.56 K (USD)-3as on Mar 31, 2023
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EBITDA
$-159.34 K (USD)1.46as on Mar 31, 2023
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Total Equity Funding
$1.06 M (USD)
in 1 rounds
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Latest Funding Round
$1.06 M (USD), Seed
Mar 19, 2020
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Investors
Network Foods
& 5 more
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Employee Count
4
as on Mar 31, 2023
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Products & Services of Truefarm Foods
Truefarm Foods offers a comprehensive portfolio of products and services, including Certified A2 Ghee, Organic Jaggery Powder, Organic Rolled Oats, Organic Almonds, and Organic Turmeric Powder. 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.
Organic ghee from A2 milk for healthy cooking and nutrition.
Natural sugar alternative rich in minerals for daily use.
Nutritious oats for breakfast and health-conscious meals.
Raw almonds for snacking and adding to recipes.
Anti-inflammatory spice for enhancing food and wellness.
Funding Insights of Truefarm Foods
Truefarm Foods has successfully raised a total of $1.06M through 1 strategic funding round. The most recent funding activity was a Seed round of $1.06 million completed in March 2020. 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 — $1.1M
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First Round
First Round
(19 Mar 2020)
- Investors Count 6
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2020 | Amount | Seed - Truefarm Foods | Valuation | Network Foods , Asha Biyani |
| 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 Truefarm Foods
Truefarm Foods has secured backing from 6 investors, including institutional and angel investors. Prominent investors backing the company include Network Foods, Sandhya Neelkant Ganwat and Asha Biyani. 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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A brand specializing in chocolate products.
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Founded Year | Domain | Location | |
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SN
Sandhya Neelkant Ganwat |
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Founded Year | Domain | Location |
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AB
Asha Biyani |
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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 Truefarm Foods
| 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 - Truefarm Foods
| 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 |
Truefarm Foods Comparisons
Competitors of Truefarm Foods
Truefarm Foods 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 Conscious Foods, Natureland Organics, Organic India, Nourish Organics and Swadesi Way, 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 |
Organic packaged foods are offered via an internet-first brand.
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| domain | founded_year | HQ Location |
Organic pulses, oil seeds, and grains are produced and supplied.
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| domain | founded_year | HQ Location |
Organic tea and herbal supplements are produced and marketed globally.
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| domain | founded_year | HQ Location |
Organic cereals and healthy snacks are manufactured and sold.
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| domain | founded_year | HQ Location |
Multi-category organic groceries are offered online from village sources.
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| domain | founded_year | HQ Location |
Multiple organic products are offered online through registration.
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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 Truefarm Foods
Frequently Asked Questions about Truefarm Foods
When was Truefarm Foods founded?
Truefarm Foods was founded in 2016 and raised its 1st funding round 4 years after it was founded.
Where is Truefarm Foods located?
Truefarm Foods is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Is Truefarm Foods a funded company?
Truefarm Foods is a funded company, having raised a total of $1.06M across 1 funding round to date. The company's 1st funding round was a Seed of $1.06M, raised on Mar 19, 2020.
How many employees does Truefarm Foods have?
As of Mar 31, 2023, the latest employee count at Truefarm Foods is 4.
What is the annual revenue of Truefarm Foods?
Annual revenue of Truefarm Foods is $387.54K as on Mar 31, 2023.
What does Truefarm Foods do?
Truefarm Foods operates as an online platform selling 100 organic products like sweeteners, superfoods, and nuts. It sources from dedicated farmers in India, ensuring ethical production and certifications. The company focuses on nutritional wellness, reducing environmental impact, and offering healthier alternatives through e-commerce. Based in Maharashtra, it serves consumers seeking organic options for daily needs.
Who are the top competitors of Truefarm Foods?
Truefarm Foods's top competitors include Conscious Foods, Organic India and Natureland Organics.
What products or services does Truefarm Foods offer?
Truefarm Foods offers Certified A2 Ghee, Organic Jaggery Powder, Organic Rolled Oats, Organic Almonds, and Organic Turmeric Powder.
Who are Truefarm Foods's investors?
Truefarm Foods has 6 investors. Key investors include Network Foods, Sandhya Neelkant Ganwat, Asha Biyani, Manish Bhandari, and Ravi Jakhar.
What is Truefarm Foods's valuation?
The valuation of Truefarm Foods is $2.74M as of Mar 2020.
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