FarMart
Gugaon, Haryana, India
How FarMart hit $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.
2015
Founded
$50M
2023 Revenue
230.99%
YOY
$55.2M
Funding
FarMart Revenue
In 2023, FarMart revenue run rate hit $50M in revenue.
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2023
FarMart hit $50M in revenue in 2023
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2022
FarMart hit $15.1M in revenue in 2022
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2022
FarMart hit $15.1M in revenue in 2022
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2021
FarMart hit $3.3M in revenue in 2021
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2021
FarMart hit $3.3M in revenue in 2021
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2015
FarMart launched in 2015 with $0 revenue
FarMart Funding History
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2022 Series B
FarMart raised a Series B of in March, 2022
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2021 Series A
FarMart raised a Series A of in October, 2021
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2021 Series A
FarMart raised a Series A of in October, 2021
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2021 Seed Round
FarMart raised a Seed Round of in May, 2021
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2020 Grant
FarMart raised a Grant of in January, 2020
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2019 Seed Round
FarMart raised a Seed Round of in September, 2019
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2017 Seed Round
FarMart raised a Seed Round of in March, 2017
| FUNDING DATE | ROUND | AMOUNT | VALUATION |
|---|---|---|---|
| March, 30 2022 | Series B | ||
| October, 21 2021 | Series A | ||
| October, 21 2021 | Series A | ||
| May, 27 2021 | Seed Round | ||
| January, 01 2020 | Grant | ||
| September, 09 2019 | Seed Round | ||
| March, 16 2017 | Seed Round |
Team
FarMart has 373 total employees and 13 sales reps that carry a quota. They have 10,000 customers an engineering team of 15 and a marketing team of 5.
| DISTRIBUTION | QTY |
|---|---|
| Total team size | 373 |
| Engineer | 15 (4%) |
| Sales | 13 (3%) |
| Marketing | 5 (1%) |
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
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What's your age?
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Favorite online tool?
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Favorite book?
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Favorite CEO?
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Advice for 20 year old self
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Customers
Churn
FarMart Executives
| Name | Position | Working Email | Personal Email |
|---|---|---|---|
| Alekh Sanghera | CEO | - | - |
FarMart Employees
| Name | Position | Working Email | Personal Email |
|---|---|---|---|
| Alekh Sanghera | CEO | - | - |
Frequently Asked Questions about FarMart
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When was FarMart founded?
FarMart was founded in 2015.
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How much revenue does FarMart generate?
FarMart generates $50M in revenue.
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Who is the CEO of FarMart
The CEO of FarMart is Alekh Sanghera.
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How much funding does FarMart have?
FarMart raised $55.2M.
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How many employees does FarMart have?
FarMart has 373 employees.
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Where is FarMart headquarters?
FarMart is headquartered at Gugaon, Haryana, India
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