Angel Investments
Rural economy knowledge exchange platform Faarms raises $10-M
Faarms, a Bengaluru-based rural-tech company, has raised USD 10 million. The participants in the funding round included Cornelius Boersch, founder of Conny & Co, a serial entrepreneur, Singaporean angel investor Koh Boon Hwee, Apoorva Ranjan Sharma - co founder of Venture Catalyst and 9Unicorns and Ramit Mittal of Bharti Family, as well as other Indian and international investors. Felix advisory acted as financial advisor for the round. The funds will be used to expand Faarms' geographical footprint in India, scale up supply and distribution channels, recruitment, and advance technological infrastructure. Faarms aims to provide an end-to-end solution for rural households, ranging from last-mile door-step delivery of farming inputs, advisory, insurance, and banking services.
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