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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.

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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.

FarMart Revenue GrowthReported revenue / ARR by year$0$13M$25M$38M$50M$63M201520162017201820192020202120222023$0$3M$15M$50MSource: GetLatka.com
YearMilestone
2023FarMart Hit $50m revenue in November 2023
2023FarMart Hit $130m revenue in June 2023
2022FarMart Hit $15.1m revenue in November 2022
2022FarMart Hit $15.1m revenue in March 2022
2021FarMart Hit $3.3m revenue in November 2021
2021FarMart Hit $3.3m revenue in May 2021
2015Launched 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.

FarMart Capital Raised & ValuationCumulative capital raised and post-money valuation by roundCapital raised (cum.)Valuation$0$13M$25M$38M$50M$63M201520162017201820192020202120222015 cumulative: $0 • 2015 Founded: $02017 cumulative: $245K • 2015 Founded: $0 • 2017 Seed Round: $245K2019 cumulative: $745K • 2015 Founded: $0 • 2017 Seed Round: $245K • 2019 Seed Round: $500K2020 cumulative: $845K • 2015 Founded: $0 • 2017 Seed Round: $245K • 2019 Seed Round: $500K • 2020 Grant: $100K2021 cumulative: $3M • 2015 Founded: $0 • 2017 Seed Round: $245K • 2019 Seed Round: $500K • 2020 Grant: $100K • 2021 Seed Round: $2M2021 cumulative: $13M • 2015 Founded: $0 • 2017 Seed Round: $245K • 2019 Seed Round: $500K • 2020 Grant: $100K • 2021 Seed Round: $2M • 2021 Series A: $10M2021 cumulative: $23M • 2015 Founded: $0 • 2017 Seed Round: $245K • 2019 Seed Round: $500K • 2020 Grant: $100K • 2021 Seed Round: $2M • 2021 Series A: $10M • 2021 Series A: $10M2022 cumulative: $55M • 2015 Founded: $0 • 2017 Seed Round: $245K • 2019 Seed Round: $500K • 2020 Grant: $100K • 2021 Seed Round: $2M • 2021 Series A: $10M • 2021 Series A: $10M • 2022 Series B: $32M$55M2015 Founded: $0 valuationSource: GetLatka.com
YearRoundAmountValuation% Sold
2022Series B$32M--
2021Series A$10M--
2021Series A$10M--
2021Seed Round$2.4M--
2020Grant$100K--
2019Seed Round$500K--
2017Seed 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.

FarMart Team GrowthReported headcount over time012525037550062520152017201920212023202500570570Source: GetLatka.com
YearMilestone
2025Reached 570 employees (January 2025)
2023Reached 373 employees (November 2023)
2023Reached 373 employees (July 2023)
2022Reached 144 employees (November 2022)
2022Reached 144 employees (March 2022)
2021Reached 66 employees (November 2021)
2021Reached 66 employees (October 2021)
2021Reached 44 employees (May 2021)
2020Reached 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.

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Customers

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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 .

FarMart Revenue 2023: $50M ARR, $55.2M Raised