COMPANY INTELLIGENCE PROFILE
FarMart Service Private Limited
FarMart (legal entity: Farmart Service Private Limited) operates a SaaS-led, now AI-powered, B2B food/agri sourcing and supply-chain platform.
Farmart Service Private Limited, operating under the brand "FarMart," is an active, private limited Indian company engaged in agricultural and animal husbandry service activities. It offers an AI-powered B2B SaaS platform for food and agri sourcing. Established in 2016, the company has a vast network covering over 10,000 suppliers and 100 premium buyers. In FY2025, it reported a revenue of Rs 1,971.59 Cr, underpinning a consistent growth trajectory. The company has raised $61.91 million across 8 funding rounds, with investors such as General Catalyst and Matrix Partners India.
AI-generated, may contain errors.
Business Overview
- FarMart, legal entity: Farmart Service Private Limited, operates a SaaS-led, now AI-powered, B2B food/agri sourcing and supply-chain platform.
- Originally an agri-retailer-facing marketplace connecting farm-input dealers, farmers and buyers across central/northern India
- Per its current site (farmart.co) it has evolved into a food-sourcing network linking food companies, processors, suppliers and logistics providers — serving named clients Britannia, Godrej, Parle and Patanjali, with 10,000+ suppliers and 100+ premium buyers across 50+ food categories.
- Founded 2016 by Alekh Sanghera and Mehtab Singh Hans.
- DPIIT-recognised startup.
- Awards: Britannia "Top Supply Chain Partner" (2024-25)
- Deloitte "#1 Fastest Growing Tech Company in India" (2022). [Source: farmart.co, Falconebiz, Entrackr]
Sector & Classification
NIC 014 / Agricultural and animal husbandry service activities (except veterinary); classified by Falconebiz as Division A - Agriculture, forestry, fishing, Group A4 - Support activities to agriculture. Brand "FarMart" — AI-powered B2B food/agri sourcing and supply-chain SaaS platform.
Directors & Key Management
Directors — source notes
1) MEHTAB SINGH HANS — DIN 07364568 — Director since 30 Dec 2015 (founder). 2) ALEKH SANGHERA — DIN 07376120 — Director since 20 Mar 2019 (founder; earlier company-appointment date per Falconebiz vs later per Tofler-style DIN filing — 2 sources agree on person/DIN, appointment date has minor discrepancy). 3) BADRI PILLAPAKKAM BAHUKUTUMBI — DIN 00272372 — Nominee Director, appointed 28 April 2026 (per Falconebiz only — single-source, treat as partial/recent addition, plausibly an investor nominee post Series C). Source: Falconebiz (best free DIN source per prior routine notes).
GST Registrations
Primary/home-state GSTIN: 09AACCF7560M1Z5 (Uttar Pradesh, home state — registration date 13 June 2019 per KnowYourGST, status Regular/Active, jurisdiction Lucknow Sector-20 UP1733). PAN: AACCF7560M. Multi-state registrations: reported as 13-15 active GSTINs across states (UP, Tamil Nadu 33AACCF7560M1ZE, Karnataka 29AACCF7560M1Z3, Andhra Pradesh 37AACCF7560M1Z6, Bihar 10AACCF7560M1ZM, and others) — exact total count varies slightly by aggregator (13 vs 15), so count is "partial" (not independently confirmed at exactly one number); all sampled GSTINs are Active/Regular. Sources: KnowYourGST, Piceapp, FnShift, Jamku.
Financials
FARMART SERVICE PRIVATE LIMITED reported a 30% increase in operating revenue to Rs 1,341 Cr for FY2024, with a net loss of Rs 68 Cr. For FY2025, revenue rose by 45% to Rs 1,971.59 Cr. The company has open charges of Rs 300.04 Cr and satisfied charges of Rs 234.7 Cr.
AI-generated, may contain errors.
- FY2024, per Entrackr, standalone, as filed with RoC: Operating revenue Rs 1,341 Cr (+30% YoY)
- Net loss Rs 68 Cr.
- FY2025, per Falconebiz/TheCompanyCheck, both agree: Revenue Rs 1,971.59 Cr (+45% YoY) — consistent trajectory with FY24, 1341 x 1.45 ≈ 1944, close to reported 1971.59, so cross-checks out.
- FY2025 EBITDA and PAT/net loss: not obtained, locked behind premium access on all aggregators checked.
- Net worth: not obtained.
- Total borrowings/open charges: Rs 300.04 Cr open charges + Rs 234.7 Cr satisfied charges, see charges section, — 2 sources, Falconebiz, TheCompanyCheck, agree.
- Standalone vs consolidated basis not explicitly stated by any source for the revenue figures — treat as standalone/entity-level per RoC filing convention used by these aggregators.
Funding History
| Total raised | ~$61.91 million across 8 rounds as of 22 May 2025 (Inc42/Tracxn). |
| Key rounds | Series B — $32 Mn, led by General Catalyst, March 2022, with Matrix Partners India (Z47) and Omidyar Network India participating. |
| Debt — responsAbility (Zurich) first investment 29 May 2024, conventional debt. | |
| Series C (April | 2025) — equity tranche led by General Catalyst, GC India Investment Holdings, Rs 43 Cr, Matrix Partners India/Z47 (Rs 1 Cr) |
| 977 Series C CCPS allotted at Rs 4,52,182/share | |
| Debt co-tranche | Rs 40 Cr NCDs from Stride Ventures and Trifecta Venture. |
| Additional/prior smaller round | Rs 84 Cr mixed (equity+debt) reported by Entrepreneur India, date/round label not fully reconciled with above — possible overlap with Series C tranche, flagged as a source conflict, not a separate round. |
| As of query date (Aug | 2026), FarMart reported to be in discussions to raise a further $30-40 Mn with Impact Fund Denmark and Greater Pacific said to lead, Entrackr, "exclusive"/rumored — not yet confirmed/closed. |
| Investors named across sources | General Catalyst, Matrix Partners India/Z47, Omidyar Network India, responsAbility, Stride Ventures, Trifecta Venture, Pivot Ventures (per one source), 500 Global/Panacea, per one lower-confidence source, not corroborated elsewhere — flagged as possible conflict/error. |
Loans & Charges
| Total open charges | Rs 300.04 Cr |
| Satisfied/closed charges | Rs 234.7 Cr, Falconebiz, TheCompanyCheck — 2 sources agree. |
| Key lenders on open charges | "Others" Rs 253.04 Cr, unnamed aggregate, Yes Bank Limited Rs 27.00 Cr, Axis Bank Limited Rs 20.00 Cr. |
| Per prior routine note, "no charges" convention on these aggregators means no currently-open charges, not none-ever | |
| Here charges are explicitly present and open. | |
Credit Ratings
- No corporate/issuer-level CRISIL, ICRA, or CARE rating located for Farmart Service Private Limited itself.
- ICRA has issued transaction-level, SO = structured obligation, ratings for the company's securitisation Pass-Through Certificates (PTCs) backed by trade receivables — e.g. provisional [ICRA]A2 (SO) on a Series A1 PTC of Rs 11.82 Cr, plus other PTC tranches rated [ICRA]A- (SO) and [ICRA]A2+ (SO)/confirmations and withdrawals over time, icra.in rating rationale PDFs.
- These are deal-specific securitisation ratings, not a standalone corporate credit rating — do not conflate the two.
Legal & Compliance
- No Indian Kanoon litigation records found for this entity ("Farmart") — none found.
Competitive Landscape
- DeHaat, agritech full-stack platform, larger scale/funding, Gurugram
- Ninjacart, B2B fresh-produce supply chain, Bengaluru, $407M+ raised, larger scale
- AgroStar, farm-inputs + advisory platform
- WayCool, foodtech/agri supply chain, reportedly highest market share among peers, larger scale
- Gramophone, Agrim, and Krishify, named as direct/closer-scale competitors per Entrackr. FarMart is generally smaller in disclosed funding/scale than DeHaat, Ninjacart and WayCool, and roughly comparable in stage to Gramophone/Agrim.
Frequently Asked Questions
What does the company FarMart do?
FarMart operates a SaaS-led, AI-powered B2B food and agriculture sourcing and supply-chain platform. It connects food companies, processors, suppliers, and logistics providers and serves clients like Britannia, Godrej, Parle, and Patanjali.
What is the Corporate Identification Number (CIN) of FarMart?
The Corporate Identification Number (CIN) of FarMart is U01403UP2015PTC075364.
What is the Goods and Services Tax Identification Number (GSTIN) of FarMart's registered office?
The primary/home-state GSTIN of FarMart's registered office in Uttar Pradesh is 09AACCF7560M1Z5.
When was FarMart incorporated?
FarMart was incorporated in 2016.
Where is FarMart's registered office located?
FarMart's registered office is located at Ground Floor, H-53, Sector 63, Noida, Gautam Buddha Nagar, Uttar Pradesh, India - 201301.
Sources
Falconebiz (falconebiz.com/company/FARMART-SERVICE-PRIVATE-LIMITED-U46209UP2015PTC075364) — identity, capital, directors+DINs, financials, charges. TheCompanyCheck (thecompanycheck.com/company/farmart-service-private-limited/U01403UP2015PTC075364) — identity, financials, charges cross-check. KnowYourGST (knowyourgst.com/gst-number-search/farmart-service-private-limited-09AACCF7560M1Z5) — primary GSTIN/PAN. Piceapp, FnShift, Jamku (GSTIN listing cross-checks). Entrackr (entrackr.com, 2 articles) — FY24 financials, funding round detail, competitors. Inc42 (inc42.com/company/farmart) — funding round summary/total. Tracxn (tracxn.com, funding/shareholding page — used only for funding round names and low-confidence shareholding %, per instructed caution). ICRA (icra.in Rating rationale PDFs) — PTC securitisation ratings. Indian Kanoon (indiankanoon.org) — no litigation found. farmart.co (official site) — business overview, domain, logo asset.
Information compiled from public registry and secondary sources. It may be incomplete or dated; verify independently before relying on it.