Indian Agritech startup FarmLink secures investment from Pioneering Ventures and Syngenta
Nov. 14, 2017
FarmLink was founded in 2014. It purchases fresh fruits and vegetables from farmers and supplies it to the retailers it has tie-ups with. Star Bazaar and Vista Processed Foods are currently the startup’s clients. The startup also plans to supply its produce to supermarket chains, quick-service restaurant chains, e-commerce food platforms and industrial processors. The good news is that FarmLink promises a secure source of income to farmers by means of long-term purchase agreements with them. In addition to supporting farmers to improve the quality and yield of their crops, the startup is striving to provide farmers with knowledge on how to employ scientific methods in their farming practices and how to operate bank accounts (how to open a bank account and operate the same).
So far the startup has distribution and collection centres in Maharashtra, Karnataka and Telangana and supplies vegetables and fruits from 700 farmers across these states. The startup plans to increase its presence throughout India (with the help of this investment from Pioneering Ventures and Syngenta) and supply produce from 3000 farmers across the country by 2019.