agriculture: Agritech startup Farmkart to raise Rs 90 crore financing for pan-India expansion – Latest News

“At current we’re performing at 1,240 places in Madhya Pradesh. We plan to start our rapid growth to eight,000 places in Maharashtra, Gujarat, southern area and attain one lakh (places) by December 2021, throughout the nation in subsequent one 12 months. Initially, we had invested Rs 15 crore on this enterprise and want to elevate Rs 90 crore in Sequence A funding by means of enterprise capitalists,” stated Farmkart founder Atul Patidar.

Lately in one of many episodes of ‘Mann Ki Baat’, Prime Minister Narendra Modi lauded the efforts of Patidar to digitally join farmers and ship farming objects to their doorsteps.

Farmkart’s tech options are designed for non-tech savvy farmers offering them with fertilisers, pesticides, fungicides, seeds, farm tools, amongst others at their doorsteps with no supply price.

Moreover, farmers can even hire trendy farm tools from Farmkart’s e-commerce platform.

Patidar stated the corporate has tie-ups with prime manufacturers, each home in addition to worldwide, for its e-commerce platform.

“We’ve tied-up with virtually all main worldwide and home manufacturers for seeds, fertilisers, fungicides and pesticides. We’ve tie-ups for farm tools and want to add extra on this class,” he added.

The agri-startup’s UIC (distinctive identification code) is India’s first digital agronomist, a card with a 9-digit identification, which helps a farmer choose a product primarily based on his farm profile.

UIC will be recharged with any quantity to make on-line funds. To purchase a product, a farmer simply must punch on this 9-digit code.

This nationwide growth will entail including extra manpower, for which the corporate is to recruit from enterprise faculties, Patidar stated.

“Presently we now have 102 folks instantly working for us. Our growth will want greater than 3,000 further workforce in advertising and marketing, gross sales, software program, enterprise growth, agronomics, amongst others. We will even want on-ground gross sales professionals who can clarify our product choices to farmers in a easy method,” he stated.

The corporate additionally offers faculty college students and villagers an extra earnings to do supply in their very own villages.

“We join with college students or different villagers once they journey to town on some work and ask them to ship the merchandise ordered of their village for a price. This helps in offering an extra earnings to those individuals who in any case would have visited town on their very own work. Going ahead, we plan to develop on this supply mannequin throughout the nation,” Patidar added.

The corporate can also be growing a kiosk, which might be like an ATM machine, that can allow farmers to seamlessly order merchandise from Farmkart’s e-platform.

“The prototype of this kiosk might be prepared in two years’ time. When it’s prepared, we plan to put in them throughout villages pan-India. It will make it straightforward for farmers to put their orders,” Patidar added.