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Agritech firm FAARMS raises $2 mn in seed funding

Faarms has raised $2 Mn in its seed funding round backed by Koh Boon Hwee, the founding partner of Credence Capital, a Singapore-based private equity fund focused on investing in Southeast Asian startups, as well as Dr Cornelius Boersch, founder of Swiss investor Conny & Co, among other angel investors.

Faarms is primarily an input procurement marketplace that delivers seeds, fertilisers, chemicals and other farm agri products to the farmgate with cashless payment options.

The company will look to expand its footprint in northeastern, central and southern states of India; add new product segments and services for the farmers and enhance its multilingual content-to-commerce platform making it easier for farmers to access information.

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