Total amount raised
$52M
Latest funding date
2025-05-22
Location
FarMart has successfully raised funds through 10 rounds, with notable investors including Symbiotics Group, Z47, Matrix Partners India, General Catalyst, and ResponsAbility Investments. The company focuses on empowering farmers and optimizing the agricultural supply chain through its innovative SaaS-B2B food commerce platform.
Keep reading to explore the intricacies of FarMart's fundraising journey and the investors backing this transformative platform.
FarMart has raised over $52M across 10 funding rounds, backed by investors including Symbiotics Group, Z47 (Matrix Partners India), General Catalyst, responsAbility Investments AG, Avaana Capital, Omidyar Network India, Stride Ventures, Trifecta Capital, and IAN Group.
Keep reading to explore FarMart's full fundraising history and key investors.
What Is FarMart?
FarMart is a Gurugram, India-based SaaS-led B2B food supply platform that connects large food businesses with farmers through a network of agri-retailers and processors. Co-founded by Alekh Sanghera and Mehtab Singh Hans, FarMart leverages AI-powered infrastructure to streamline global agri-food sourcing, processing, and supply chain operations, serving food companies ranging from enterprises to private label manufacturers.
How Much Funding Has FarMart Raised?
- Seed Round
- Amount Raised: USD 245,000
- Date: March 2017
- Lead Investors: IAN Group
- Seed Round
- Amount Raised: USD 500,000
- Date: September 2019
- Lead Investors: Undisclosed
- Grant
- Amount Raised: USD 100,000
- Date: January 2020
- Lead Investors: Undisclosed
- Pre-Series A (Seed)
- Amount Raised: USD 2,400,000 (INR 17.7 Crore)
- Date: May 2021
- Lead Investors: Omidyar Network India, Avaana Capital
- Series A
- Amount Raised: USD 10,000,000
- Date: October 2021
- Lead Investors: Z47 (Matrix Partners India)
- Participants: Innoven Capital, Omidyar Network India, Avaana Capital, 500 Startups, and angel investors including Amit Lakhotia, Jitendra Gupta, KP Balaraj
- Series B
- Amount Raised: USD 32,000,000
- Date: March 2022
- Lead Investors: General Catalyst
- Participants: Matrix Partners India (Z47), Omidyar Network India
- Debt Financing
- Amount Raised: USD 2,800,000 (INR 24 Crore)
- Date: May 2024
- Lead Investors: responsAbility Investments AG
- Series C (Equity) + Debt
- Amount Raised: USD 10,000,000 (INR 84 Crore combined equity and debt)
- Date: April 2025
- Lead Investors: GC India Investment Holdings (equity, INR 43 Crore); Stride Ventures & Trifecta Capital (debt, INR 40 Crore)
- Participants: Matrix Partners India / Z47 (INR 1 Crore equity)
- Debt Financing
- Amount Raised: USD 5,000,000
- Date: May 2025
- Lead Investors: Symbiotics Group
Total Amount Raised: At least $63M based on disclosed funding across all rounds.
Key Investors
- General Catalyst / GC India Investment Holdings
- Details: Led FarMart's $32M Series B in March 2022 and the April 2025 Series C equity tranche (INR 43 Crore). General Catalyst is a global venture capital firm backing transformative companies across stages.
- Z47 (Matrix Partners India)
- Details: Led FarMart's $10M Series A in October 2021 and has participated in subsequent rounds. Z47 is a leading India-focused venture capital firm.
- Omidyar Network India
- Details: Co-led FarMart's Pre-Series A in May 2021 and participated in Series A and Series B. Omidyar Network India supports entrepreneurs building inclusive businesses.
- Avaana Capital
- Details: Co-led FarMart's Pre-Series A in May 2021 and participated in the Series A. Avaana Capital is an India-based sustainability-focused venture fund.
- responsAbility Investments AG
- Details: Led FarMart's May 2024 debt round of $2.8M (INR 24 Crore). responsAbility is a Swiss-based impact asset manager focused on food, climate, and financial inclusion.
- Symbiotics Group
- Details: Led FarMart's $5M debt financing in May 2025. Symbiotics Group is a leading impact investment market specialist providing private market access to development investors.
- Stride Ventures & Trifecta Capital
- Details: Provided venture debt (INR 40 Crore total) as part of FarMart's April 2025 mixed equity-debt round. Both are prominent India-focused venture debt providers.
- IAN Group
- Details: Early seed investor in FarMart's 2017 round. IAN Group (Indian Angel Network) is one of India's largest angel investor networks.
What's Next for FarMart?
As FarMart continues to scale its AI-powered food supply platform, it is reportedly in advanced discussions to raise $35–40 million in a new funding round. Impact Fund Denmark and Greater Pacific Capital are expected to lead the round, with existing investors General Catalyst and Matrix Partners India (Z47) likely to participate. The fresh capital is expected to accelerate FarMart's domestic and global expansion, deepen its supply chain infrastructure, and further develop its AI-native capabilities across food sourcing, processing, and distribution.
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