FarMart, a SaaS-based food supply platform connecting food businesses with farmers and manufacturers, has secured Rs 24 crore in funding from Switzerland-based asset manager ResponsAbility Investments. The non-convertible debt infusion will strengthen FarMart’s processing division and enhance its traceability capabilities within the supply chain.
The startup aims to reduce food loss and waste in India. Previous investors include General Catalyst and Matrix Partners India. FarMart plans to raise $25-30 million in equity funding by Q3 FY25 to further its mission of sustainable food supply.
Disclaimer: This story is auto-aggregated by a computer program and has not been created or edited by agrikunba. Publisher: Economic Times
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