2023 Revenue
$50M
Customers
10K
Funding
$55.2M
Avg ACV
$5K
Team
570
Founded
2015
How FarMart CEO Alekh Sanghera grew FarMart to $50M revenue and 10K customers in 2023.
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. Since its launch in 2015, FarMart has shown consistent revenue growth.
| Year | Milestone |
|---|---|
| 2023 | FarMart Hit $50m revenue in November 2023 |
| 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 |
FarMart Valuation, Funding Rounds
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 |
|---|---|---|---|---|
| 2022 | Series B | $32M | - | - |
| 2021 | Series A | $10M | - | - |
| 2021 | Series A | $10M | - | - |
| 2021 | Seed Round | $2.4M | - | - |
| 2020 | Grant | $100K | - | - |
| 2019 | Seed Round | $500K | - | - |
| 2017 | Seed Round | $245K | - | - |
FarMart Employees & Team Size
FarMart employs approximately 570 people as of 2026, up from 373 in 2023.
FarMart has 570 total employees in different roles and functions and 13 sales reps that carry a quota. They have 10K customers that rely on the company's solutions.
| Year | Milestone |
|---|---|
| 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) |
Founder / CEO
Alekh Sanghera
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.
Q&A
| Question | Answer |
|---|---|
| What's your age? | - |
| Favorite online tool? | - |
| Favorite book? | - |
| Favorite CEO? | - |
| Advice for 20 year old self | - |
Customers
See how FarMart acquires and retains customers with data on acquisition costs and revenue performance. Log in to access the complete customer economics dashboard.
Frequently Asked Questions about FarMart
What is FarMart's revenue?
FarMart generates $50M in revenue.
Who founded FarMart?
FarMart was founded by Alekh Sanghera.
Who is the CEO of FarMart?
The CEO of FarMart is Alekh Sanghera.
How much funding does FarMart have?
FarMart raised $55.2M.
How many employees does FarMart have?
FarMart has 570 employees.
Where is FarMart headquarters?
FarMart is headquartered in Gugaon, Haryana, India.
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Compare FarMart to the industry
FarMart operates across multiple industries. Browse revenue, funding, and growth data for FarMart in each sector below.
Source Attribution
Source: all data was collected from GetLatka company research and founder interviews. Revenue, funding, team, and customer figures are presented as company-reported or GetLatka-estimated metrics where the profile data identifies them that way.
Company data last updated .
