Agritech Supply Chain Startup FarMart Raises $10 Mn Funding From Matrix Partners, Existing Investors

Agritech Supply Chain Startup FarMart Raises $10 Mn Funding From Matrix Partners, Existing Investors

SUMMARY

FarMart helps farmers source agricultural inputs, and helps large enterprises source produce from farmers

The new round gave an exit to early investors India Angel Network and LetsVenture

The startup has a network of 15,000 agri-input retailers and 750,000 farmers who have shipped over 30,000 tonnes of produce on the platform

B2B agritech startup FarMart has raised $10 Mn in a Series A funding round led by Matrix Partners India. Innoven Capital and existing investors Omidyar Network India, Avaana Capital, and 500 Startups also participated in the round with a few angel investors.

Angel investors including Amit Lakhotia (Founder, Park+), Jitendra Gupta (Founder & CEO, Jupiter), KP Balaraj (Ex-founder, WestBridge Capital and Sequoia Capital India), OfBusiness Founder’s Fund, Revant Bhate and Dhyanesh Shah (cofounders, Mosaic Wellness) also participated in the round. 

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