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B2B Food Supply Startup Farmart Raises $32 Million In Fresh Funding Led By General Catalyst

Mar 30, 2022over 3 years ago

Amount Raised

$32 Million

MumbaiAgriculture And FarmingData And AnalyticsSoftware

Description

Mumbai: FarMart, a business-to-business food supply platform, has raised $32 million (Rs 244 crore) in its latest round funding round led by US venture fund, General Catalyst, with participation from existing backers Matrix Partners India and Omidyar Network India. The fresh capital will help the company grow its digital distribution network across India and to export markets, FarMart said. It also plans to make investments into R&D, automation and technology, a senior company official told ET.

Company Information

Company

Far Mart

Location

Mumbai, Maharashtra, India

About

The Gurugram-based startup provides a micro-SaaS platform that enables retailers to digitise their workflows, increase sales to farmers and conduct their existing business in a more efficient manner.

FundzWatch™ Score

76
Medium Activity

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83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech