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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.
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In 2023, FarMart's revenue reached $50M. The company previously reported $130M in 2023. Since its launch in 2015, FarMart has shown consistent revenue growth.
FarMart has not publicly disclosed its valuation. The company has raised $55.2M in total funding to date.
FarMart has raised $55.2M in total funding across 7 rounds, most recently a $32M Series B round in 2022.
| Year | Round | Amount | Valuation | % Sold | Source |
|---|---|---|---|---|---|
| 2022 | Series B | $32M | - | - | |
| 2021 | Series A | $10M | - | - | |
| 2021 |
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.
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FarMart serves 10K customers.
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.
FarMart generates an estimated $50M in annual revenue.
FarMart was founded by Alekh Sanghera.
The CEO of FarMart is Alekh Sanghera.
FarMart raised $55.2M across 7 rounds.
FarMart has 570 employees.
FarMart is headquartered in Gugaon, Haryana, India.
FarMart operates across multiple industries. Browse revenue, funding, and growth data for FarMart in each sector below.
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.
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2023 Revenue
$50M(Est.)
Customers
10K
Funding
$55.2M
Avg ACV
$5K
Team · 2025
570
Founded
2015
| Year | Milestone | Source |
|---|---|---|
| 2023 | FarMart Hit $50m revenue in November 2023 | Estimated |
| 2023 | FarMart Hit $130m revenue in June 2023 | |
| 2022 | FarMart Hit $15.1m revenue in November 2022 | |
| 2022 | FarMart Hit $15.1m revenue in March 2022 | |
| 2021 | FarMart Hit $3.3m revenue in November 2021 | |
| 2021 | FarMart Hit $3.3m revenue in May 2021 | |
| 2015 | Launched with $0 revenue |
| Series A |
| $10M |
| - |
| - |
| 2021 | Seed Round | $2.4M | - | - |
| 2020 | Grant | $100K | - | - |
| 2019 | Seed Round | $500K | - | - |
| 2017 | Seed Round | $245K | - | - |
| Year | Milestone | Source |
|---|---|---|
| 2025 | Reached 570 employees (January 2025) | |
| 2023 | Reached 373 employees (November 2023) | |
| 2023 | Reached 373 employees (July 2023) | |
| 2022 | Reached 144 employees (November 2022) | |
| 2022 | Reached 144 employees (March 2022) | |
| 2021 | Reached 66 employees (November 2021) | |
| 2021 | Reached 66 employees (October 2021) | |
| 2021 | Reached 44 employees (May 2021) | |
| 2020 | Reached 55 employees (November 2020) |
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