Expansion Boost: Farmtheory Raises $1.45M
- Agritech startup Farmtheory secures $1.45 million in seed funding from Merak Ventures for expansion.
- Already partnering with 3000 farmers, Farmtheory has served over 1500 kitchens, focusing on minimizing food loss and increasing farmers' incomes.
- The Indian agritech startup ecosystem is anticipated to reach a market opportunity of $24 billion by 2025.
Farmtheory, a startup in the agritech sector, has recently secured $1.45 million in seed funding from Merak Ventures. This investment will be used to expand the company's operations, focusing on enhancing its supply chain, upgrading its technological infrastructure, and collaborating with more farmers.
Founded in 2019 by Arpit Agarwal and Sakshi Agarwal, Farmtheory's mission is to minimize food wastage, boost farm productivity, and deliver top-notch ingredients to commercial kitchens.
By tackling food loss, the Bengaluru-based startup aims to increase farmers' incomes, combat climate change, and prevent edible produce from going to waste by redirecting it to new markets.
Farmtheory has already partnered with 3000 farmers and catered to over 1500 kitchens.
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With the Indian agritech startup ecosystem projected to reach a market opportunity of $24 billion by 2025, these startups have collectively raised over $2.4 billion since 2014, as per Inc42's analysis.
Edited by Shruti Thapa
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