[Funding News] FarMart Raises $2.8 Mn Funding Led by ResponsAbility Investments

With the help of Swiss asset management ResponsAbility Investments, SaaS-based food supply platform FarMart has raised Rs 24 crore ($2.8) million in a new funding round.

FarMart will use the fresh earnings to create a food supply system that uses less carbon. In order to maximise its solutions, the startup will also benefit from ResponsAbility’s experience.

Read also – [Funding News] Holani Group Raises Rs 184 Cr for SME-Focused Fund

According to the company, FarMart has roughly 2,000 food manufacturers and brands, three million farmers, 400 facilities across six countries, and a catalogue that includes about 90 food commodities.

In March 2022, FarMart completed a fundraising round led by General Catalyst, bringing in $32 million (around Rs 244 crore).

Alekh Sanghera, CEO, of FarMart, said: “Sustainability is at the core of our business, and ResponsAbility champions our goal with its strong orientation and expertise in sustainability. Their investment empowers us to accelerate our efforts towards a carbon-efficient food supply chain, and ultimately achieve our vision of a food-secure world,”

About FarMart

Founded in 2015 by Alekh Sanghera & Mehtab Hans, FarMart: The thriving food sector Serving Asia, the Middle East, and Africa, FarMart is the top SaaS-B2B platform for food trade in India.

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