B2B Agritech Startup FarMart Bags $2.4 Mn From Omidyar, Avaana
India, May 27 -- Business-to-business (B2B) Agritech startup FarMart has raised $2.4 Mn (INR 17.7 Cr) in its pre-Series A round led by Omidyar Network India and Avaana Capital for product development, scaling market linkage capabilities and to drive user growth. The company's existing investors Indian Angel Network and LetsVenture also participated in this pre-Series A round.
Founded in 2016 by Alekh Sanghera and Mehtab Singh Hans, FarMart operates a micro software-as-a-service (SaaS)-led agritech platform that helps large food businesses leverage its network of agri-retailers to source quality produce directly from farmers at an affordable price. The company streamlines the value chain, from input to output, by giving farmers the access...
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