happening now
Bangladesh Burning   🔴   Food prices on Zomato and Swiggy increased   🔴   Delhi Airport Terminal 1 remains shut for 90 more days   🔴   Rebellion in Bengal BJP   🔴   ⁠SpiceJet to raise fund via QIA   🔴   Nitish and Naidu demands billions from Modi   🔴   ⁠Aadesh Agarwal to fight SC bar association President election again next year   🔴   DMK moves court against new criminal laws   🔴   Paytm quarterly loss 840 crores   🔴  

domain

Farmer’s Son Changes Agri-sector

Farmer’s Son Changes Agri-sector

Hardika Shah led Kinara Capital stays profitable through Covid, GST Era and Demonetization. Ranked among 'Top High-Growth Companies in Asia-Pacific' by The Financial Times and as 'India's Growth Champions' by The Economic Times, the Bengaluru-based NBFC had focused on the fundamental ‘Own Your Customer!’


Zivore Apparel owning the heritage women wear brand Libas secured maiden funding to boost its offline presence. Siddhant Keshwani, Founder and CEO looks forward to the robust path ahead.


INR 100 crore sigh of relief for 2 lakhs unbanked MSMEs in Nagpur and all that just in a click! Founded by Manish Lunia, Ritesh Jain and Deepak Jain, the MSME digital lender was once chased by investors!


Hardika Shah led Kinara Capital stays profitable through Covid, GST Era and Demonetization. Ranked among 'Top High-Growth Companies in Asia-Pacific' by The Financial Times and as 'India's Growth Champions' by The Economic Times, the Bengaluru-based NBFC had focused on the fundamental ‘Own Your Customer!’


Zivore Apparel owning the heritage women wear brand Libas secured maiden funding to boost its offline presence. Siddhant Keshwani, Founder and CEO looks forward to the robust path ahead.


INR 100 crore sigh of relief for 2 lakhs unbanked MSMEs in Nagpur and all that just in a click! Founded by Manish Lunia, Ritesh Jain and Deepak Jain, the MSME digital lender was once chased by investors!


Hardika Shah led Kinara Capital stays profitable through Covid, GST Era and Demonetization. Ranked among 'Top High-Growth Companies in Asia-Pacific' by The Financial Times and as 'India's Growth Champions' by The Economic Times, the Bengaluru-based NBFC had focused on the fundamental ‘Own Your Customer!’


Zivore Apparel owning the heritage women wear brand Libas secured maiden funding to boost its offline presence. Siddhant Keshwani, Founder and CEO looks forward to the robust path ahead.


INR 100 crore sigh of relief for 2 lakhs unbanked MSMEs in Nagpur and all that just in a click! Founded by Manish Lunia, Ritesh Jain and Deepak Jain, the MSME digital lender was once chased by investors!



imc-web desk
facebook
x-twitter
instagram
linkedin
youtube
what's app
    Fresh Proceeds:
  • The Gurugram based food supply platform, FarMart raised INR 24 crore as part of a new round from Swiss Asset manager, ResponAbility Investments.
  • The startup will use these fresh proceeds to strengthen its efforts towards carbon efficient food supply chain as well as leverage ResponAbility’s expertise in adopting solution driven technologies.
  • FarMart plans to make future investments into technology, research, development and automation
  • With this, FarMart has drummed up nearly USD 50 million to date including a USD 32 million Series B round in March 2022 from Matrix Partners India, General Catalyst and Omidyar Network India.
  • FarMart’s B2B product is essentially a digitization of agricultural supplies and produce, putting buyers and sellers located near each other in touch, which it says eliminates several costs involved in transporting goods across the country. The company’s retailer footprint is currently heavy in central and northern Indian states, with relatively sparser presence in the south and Jammu & Kashmir.
  • FarMart accommodates about 2000 food businesses securing partnerships with suppliers around 7000 pin codes.
  • Future of food:
  • The Farmart Founders address pertinent concerns of the industry, where is the food coming from? how is the food stored? How does the supply chain look like? What is optimised distribution?
  • The infrastructure and investment in the food sector will see huge revolution with increased focus on cash flow management
  • An integrated logistics park must be the way ahead.
  • Building distilled tools to increase livelihood of everybody involved in the value chain while developing environment value chains remains key.
  • Within a short span, FarMart managed to avoid 41,974 metric tonnes of carbon emission and 28,350 metric tones of food waste.
  • FartMarthesis:
  • FarMart germinated from a simple idea of connecting farmers who machinery to the ones who do not which today, is slated to become one of the top global food supply networks
  • From product standpoint, FarMart plans to digitize small stakeholders whom the government does not really care about
  • Digitization of food processing is crucial and FarMart will be providing these technologies to the SMEs
  • As the founder said, they usually save 30% in logistics in the entire value chain and 36% less carbon as compared to the traditional value chain which will form the very core of their growth.
  • Editor’s Note:

    Recognized as India’s fastest growing tech company by Deloitte, FarMart keeps the future of food sustainable. It has brought about rioting change to the lives of 30 lakh farmers and aspires to increasing the number manifold. 60,000 agri-retailers, 600 districts in India and 75,000 metric tons of produce, the numbers look extraordinary, well the good food economy developer promises to keep them growing.

    Keywords:

    #farmart # #startup #founder #msme # nbfc



Don't

Miss

 ►


West Bengal

Violence ensues post panchayati


00:37 Read

violence
Miscreants try setting TMC worker on fire on Monday, worker badly injured. Incident took place at Khejuri in Purba Medinipur district. Police on hunt for accused but no arrests so far. TMC leaders accuse BJP.

more

Kerala

I see red, red... oh red!


00:30 Read

image
Kerala Congress alleges the Left Party of using the Uniform Civil Code seminar for political gains and targeting the Congress Party. KPCC chief Sudhakaran and Leader of Opposition both alleged against the Left party.

more

Delhi

Can we please pause politics now?


00:38 Read

image
Delhi Chief Minister urges citizens, opposition to not involve politics in times of distress, says need to work together to fight damage by floods. CM visits flood relief camp in Sarvodaya Bal Vidyalaya at Mori Gate.

more

Karnataka

IAS : Public or Politician "servants"


00:52 Read

image
Former Karnataka CM HD Kumaraswamy accused Congress of introducing "IAS bonded labour policy"for sending 30 IAS officers to "serve" the alliance leaders and deputation of officials as "doorkeepers" for politicians

more

Maharashtra

Cash games : the need for more money


00:41 Read

image
Maharashtra government seeks for Rs. 41,000 Cr. as supplement of allotted budget for 2023-24. Demands tabled by state finance minister Ajit Pawar. Highest allocation being sought for the Urban Development Department.

more

Manipur

Your internet, your problem.


00:33 Read

image
The Supreme Court of India denies interfering with the restoration of Manipur's Internet. Bench of CJI grants liberty to Manipur to approach High Court. Says issue can be best understood by those who are on the ground.

more

Tamil Nadu

Slowly cooking to extract truth justice


00:44 Read

image
TN Higher Education Minister Ponmudy allowed to go home after 8 hours by ED post grueling interrogations. DMK spokesperson criticizes long questioning stating a violation of Human Rights.

more


Janmu and Kashmir

Protection of country or abuse of power?


00:45 Read

image
3 government staffers in Jammu and Kashmir sacked after accusations of  anti-nationalist activities under the Article 311 of the Constitution. BJP opposition terms the sackings as abuse of power.

more




The Burning Train : part 2?


00:32 Read

violence
Battery compartment on Vande Bharat Express from Rani Kamlapati to Nizamuddin catches fire at 5:40am. All passengers safely evacuated. Congress leader Ajay Singh was on board. Defective batteries suspected.

more

The battle against drugs for brighter future


00:49 Read

image
Amit Shah states fight against drugs for better future for the youth. 1.40 lakh kgs. of drugs worth Rs. 2,381crores destroyed. Says aim is to make India drug and narcotics free. Appeals to all Chief Ministers to cooperate.

more

A breath of fresh air or fad


00:33 Read

image
Farmers in Maharashtra breathe a sigh of relief as cabinet brings supply of food grain seeds and fertilizers under Essential Commodities Act. Deputy Chief Minister Devendra Fadnavis says arrested person under this act will not get easy bail.

more

When danger looms at the doorsteps


00:39 Read

image
The monsoon session of the Maharashtra assembly begins on the 17th of July, to last till August 4th. First polls since the split in NCP. 19 MLAs stand by Sharad Pawar, 30 out 34 stand by Ajit Pawar.


more

A new wave in Indian Politics


00:34 Read

image
Maharashtra government seeks for Rs. 41,000 Cr. as supplement of allotted budget for 2023-24. Demands tabled by state finance minister Ajit Pawar. Highest allocation being sought for the Urban Development Department.

more

A curse disguised as a blessing?


00:37 Read

image
TMC won the majority in West Bengal Panchayat Polls held earlier this month, defeated BJP clearly. However post poll violence may lose them Lok Sabha elections. Opposition parties may use facts against the state's ruling government.

more

The strengthening of friendships


00:37 Read

image
Union Finance Minister Sitharaman says Modi's US visit important in US-India partnership. Says visit strengthened bonds. Also states meeting will highlight commitment of both in G20 summit. Says it is potential for progress and prosperity.

more


Have the sleepless nights come early?


00:42 Read

image
AAP leader Raghav Chadha claimed Narendra Modi's BJP will not return in 2024. Says the ruling party lost sleep seeing unity of the opposition. Claims that citizens and parties are ready to dethrone Modi.

more



BROADCAST CHANNELS

DAILY NEWS PORTALS