2023 Revenue
$50M(Est.)
Customers
10K
Funding
$45.3M
Avg ACV
$5K
Team · 2025
570
Founded
2015
FarMart Revenue & Funding (2023)
FarMart generated an estimated $50M in annual revenue in 2023. Source: GetLatka estimate
Farmart is a Singapore-based online grocery and farm-to-table marketplace that offers a wide range of fresh produce, groceries, and household essentials. The company sources its products directly from local farmers and producers, ensuring that customers receive high-quality, fresh, and sustainably grown food at affordable prices. Farmart's platform includes a mobile app and website that allows customers to easily browse and order products, and offers convenient home delivery or pickup options. The company also operates a physical store in Singapore that serves as a hub for local farmers and producers to showcase and sell their products. Farmart aims to promote sustainable farming practices and support the local community by connecting consumers directly with local farmers and producers.
Last updated
FarMart Revenue
In 2023, FarMart's revenue reached $50M. The company previously reported $130M in 2023.
| Year | Milestone | Source |
|---|---|---|
| 2023 | FarMart Hit $50m revenue in November 2023 | Estimated |
| 2023 | FarMart Hit $130m revenue in June 2023 | Estimated |
| 2022 | FarMart Hit $15.1m revenue in March 2022 | Not recorded |
| 2021 | FarMart Hit $3.3m revenue in May 2021 | Not recorded |
| 2015 | Launched with $0 revenue |
FarMart Valuation, Funding Rounds
FarMart has not publicly disclosed its valuation. The company has raised $45.3M in total funding to date.
FarMart has raised $45.3M in total funding across 6 rounds, most recently a $32M Series B round in 2022.
| Year | Round | Amount | Valuation | % Sold | Source |
|---|---|---|---|---|---|
| 2022 | Series B | $32M | - | - | Not recorded |
| 2021 | Series A | $10M | - | - | Not recorded |
| 2021 | Seed | $2.4M | - | - | Not recorded |
| 2020 | Grant | $100K | - | - | Not recorded |
| 2019 | Seed | $500K | - | - | Not recorded |
| 2017 | Seed | $245K | - | - | Not recorded |
Founder / CEO
Alekh Sanghera
CEO
lekh was a digital financial consultant and has cross country experience having worked extensively on variety of projects with international donors- Gates foundation (BMGF), World Bank, UNCDF- and Government of India.
Customers
FarMart serves 10K customers.
FarMart Employees & Team Size
FarMart employs approximately 570 people as of 2026, up from 373 in 2023, including 13 sales reps that carry a quota. It serves 10K customers that rely on its solutions.
| Year | Milestone | Source |
|---|---|---|
| 2025 | Reached 570 employees (January 2025) | Not recorded |
| 2023 | Reached 373 employees (November 2023) | Not recorded |
| 2023 | Reached 373 employees (July 2023) | Not recorded |
| 2022 | Reached 144 employees (November 2022) | Not recorded |
| 2022 | Reached 144 employees (March 2022) | Not recorded |
| 2021 | Reached 66 employees (November 2021) | Not recorded |
| 2021 | Reached 66 employees (October 2021) | Not recorded |
| 2021 | Reached 44 employees (May 2021) | Not recorded |
| 2020 | Reached 55 employees (November 2020) | Not recorded |
Frequently Asked Questions about FarMart
What is FarMart's revenue?
As of 2023, FarMart generated an estimated $50M in annual revenue.
Who founded FarMart?
FarMart was founded by Alekh Sanghera.
When was FarMart founded?
FarMart was founded in 2015.
Who is the CEO of FarMart?
The CEO of FarMart is Alekh Sanghera.
How much funding does FarMart have?
FarMart raised $45.3M across 6 rounds.
How many employees does FarMart have?
As of 2025, FarMart had 570 employees.
Where is FarMart headquartered?
FarMart is headquartered in Gugaon, Haryana, India.
Compare FarMart to the industry
FarMart operates across multiple industries. Browse revenue, funding, and growth data for FarMart in each sector below.
Data and Sources
All figures on this page are taken directly from interviews or are estimates from public sources and proprietary models. Not financial advice. Read full disclaimer.
Claim this profilePeople Also Viewed
AGRIVI d.o.o.
AGRIVI is a global agritech company with the market leading farm management software
iCodeGuru
At iCodeGuru (registered in California, USA) we're focused on a mission to uplift promising talent...
PetScreening
PetScreening provides compliance and policy management software that helps housing providers manage...
IgniteTech
As the leader in Enterprise Software, our powerful IgniteTech platform helps organizations grow...
iBanFirst
Founded in 2016, iBanFirst has quickly established itself as the leading alternative for businesses...
Cognida.ai
Cognida is an AI-first technology consulting and software engineering company focused on product...
