Farmart’s Financials, Revenue, Profit, Valuation & Shareholding Overview (2025)
Legal Name: �Farmart Service Private Limited | CIN: U01403UP2015PTC075364�
FarMart, founded in 2015 by Alekh Sanghera and Mehtab Hans, is a supply chain technology platform revolutionizing agri-trade in India. Headquartered in Gurugram, FarMart digitizes procurement for food processors and large buyers through its SaaS-led model and farmer-centric distribution network. With a mission to improve farm-level incomes and reduce wastage, FarMart has rapid...
| Founding year | 2015 |
|---|---|
| Headquarters | Gurugram, Haryana, India |
| Valuation | ~$150M (2023) |
| Total Funding | $48M |
| Annual Revenue | ₹115 Cr (FY24) |
| Annual Net Loss | ₹20 Cr (FY24) |
| EBITDA Margin | -8% |
| Employees | ~350 |
| Round | Date | Amount | Investors |
|---|---|---|---|
| Seed | 2016 | $1M | Omnivore Partners |
| Series A | 2021 | $10M | Elevation Capital |
| Series B | 2022 | $20M | General Catalyst |
| Series C | 2023 | $17M | Matrix Partners India |
- Expanding digital procurement and supply chain automation nationwide.
- Deepening partnerships with large food processors and exporters.
- Scaling technology and data analytics for price transparency.
- Strengthening B2B logistics and storage infrastructure.
- Targeting IPO readiness by FY28 aligned with profitability goals.
FarMart recently announced major tech upgrades to its digital procurement platform, resulting in higher farmer participation and reduced wastage. The company is also piloting export programs to international markets and exploring further expansion into allied services.
| Metric | Detail |
|---|---|
| Revenue Growth | ▲ Strong rise to ₹115 Cr in FY24 |
| Profitability | ▼ Net loss of ₹20 Cr |
| Funding | ▲ $48M raised across 4 rounds |
| Efficiency | ▲ EBITDA margin improved to -8% |
| Valuation | ▲ $150M as of 2023 |
FarMart is transforming agricultural supply chains in India through digital-first solutions and farmer-focused initiatives. Despite ongoing losses, its revenue growth, operational improvements, and strong investor support position it well for long-term success. The focus on technology-led efficiency and future expansion points to a promising IPO trajectory.
Make smarter business decisions with verified insights on companies and directors. Visit Affluense.ai to learn more.
- Company filings
- Inc42, Economic Times, YourStory
- Affluense.ai internal analytics
This report is generated for informational purposes only and does not constitute investment advice.