COMPANY INTELLIGENCE PROFILE
FARMTHEORY PRIVATE LIMITED
Bengaluru-based B2B agritech startup that sources surplus/imperfect farm produce directly from farmers and supplies it to commercial kitchens and restaurants.
Farmtheory is a Bengaluru-based B2B agritech startup founded in December 2019, specializing in the wholesale trading of farm produce. It sources surplus and imperfect fruits and vegetables from over 3,000 farmers and supplies them to more than 1,500 commercial kitchens and restaurants within 20 hours of harvest. As of March 2024, it reported operating revenue of approximately INR 21.4 crore and employs between 37 and 200 people. The company recently secured $1.45 million in seed funding led by Merak Ventures.
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Business Overview
- Farmtheory is a Bengaluru-based B2B agri-food ("agritech") startup founded in December 2019 by Arpit Agarwal and Sakshi Agarwal.
- It sources "ugly"/imperfect/surplus fresh fruits and vegetables directly from farmers, reducing food waste at source and boosting farmer incomes, and supplies them within roughly 20 hours of harvest to commercial kitchens, restaurants, catering companies, cloud kitchens and food processors in Bangalore.
- As of its Feb-2024 funding announcement it had onboarded 3,000+ partner farmers and served 1,500+ kitchens.
- Reported employee strength: ~37, Dec 2023, Tofler, to 51-200 (LinkedIn range).
- Website: farmtheory.in.
Sector & Classification
NIC 51909 - Other wholesale trading n.e.c.; specifically wholesale trading of farm produce (fruits & vegetables). Classified by registries as a private subsidiary of a foreign company.
Directors & Key Management
Arpit Agarwal (Director/Co-founder, DIN 08649627) and Sakshi Agarwal (Director/Co-founder, DIN 08649628) - both confirmed via Tofler and corroborated by TheCompanyCheck/99corporates search snippets. No other directors reported.
GST Registrations
Not obtained - no individual GSTIN could be verified via KnowYourGST/FindGST/MastersIndia for this specific CIN/PAN in this session; only the PAN (AADCF9628F) and home state (Karnataka, GST state code likely 29) could be inferred, not confirmed. Do not treat this as confirmed - flagged as a data gap.
Financials
Farmtheory Private Limited reported an estimated operating revenue of approximately INR 21.4 crore for the fiscal year ending 31 March 2024. Revenue estimates place the company within the INR 1-100 crore range, although reliability is low.
AI-generated, may contain errors.
| FY ending 31 March 2024 | Operating revenue ~INR 21.4 crore, Source: TheCompanyCheck/search aggregation, standalone, unaudited/estimate basis - not independently corroborated by a second source. |
| EBITDA, PAT, net worth and borrowings | not obtained. |
| Revenue range per Tofler | INR 1-100 crore band for FY24, broad estimate, low reliability. |
Funding History
- Seed funding of $1.45M (~INR 12 crore) led by Merak Ventures, announced ~27 Feb 2024, Sources: Entrackr, Inc42.
- Earlier funding: $150,000 from Y Combinator, ~March 2020, YC W20 batch.
- Aggregate funding reported by Tracxn/Crunchbase-style aggregators as ~$1.96M across 4 rounds from ~17 investors including Y Combinator, AngelList and Merak Ventures, Tracxn used only for round-name corroboration per sourcing rules - treat as partial/unverified beyond the two primary-press rounds.
Competitive Landscape
- Ninjacart, large-scale B2B farm-to-retail supply chain, ~INR 2,002 Cr FY24 revenue - much larger scale, WayCool, farm-to-FMCG/retail, ~INR 1,700 Cr FY23 revenue - much larger scale, Crofarm, B2B fresh produce supply chain, mid-scale, DeHaat, broader agri-input + output marketplace, large scale, Jumbotail, B2B grocery/produce marketplace, mid-large scale, Innoterra, agri supply-chain/traceability platform, similar early/growth stage to Farmtheory.
Frequently Asked Questions
What does the company Farmtheory do?
Farmtheory is a Bengaluru-based B2B agritech startup that sources surplus/imperfect farm produce directly from farmers and supplies it to commercial kitchens and restaurants.
What is the CIN of Farmtheory?
The CIN of Farmtheory is U51909KA2019FTC131014.
What is the incorporation date of Farmtheory?
Farmtheory was incorporated in December 2019.
Where is the registered office of Farmtheory located?
The registered office of Farmtheory is located at 4th Floor, No. 02, 3rd Cross, 8th Block, Koramangala, Bangalore, Karnataka, India - 560095.
Sources
Tofler (https://www.tofler.in/farmtheory-private-limited/company/U51909KA2019FTC131014) - identity, PAN, capital, directors, DINs, address; Entrackr (https://entrackr.com/2024/02/b2b-agri-food-startup-farmtheory-raises-seed-round-led-by-merak-ventures/) - funding round; Inc42 (https://inc42.com/buzz/farmtheory-bags-seed-funding-to-reduce-food-waste-at-source/) - funding round, business overview; LinkedIn (https://in.linkedin.com/company/farmtheory) - business description, employee count, HQ; Google Play Store listing (com.presto.retail.farmtheory) - official app icon/logo; farmtheory.in - domain confirmation; Tracxn/Crunchbase-style aggregator snippets - funding round names/total only (per sourcing rules, not primary facts).
Information compiled from public registry and secondary sources. It may be incomplete or dated; verify independently before relying on it.