Daily Markup #361: FarMart bags US$10M for unlocking food supply chain; Pandorum closes US$4.8M for organ repair technology; Doyobi lands US$2.8M to serve STEM educators

October 25, 2021 · 2 min read

Reaping the rewards

500-backed agritech startup FarMart has bagged US$10 million in a Series A funding round led by Matrix Partners India. It had just raised US$2.4 million in its pre-Series A round in June 2021.
The startup’s platform connects food businesses directly to farms, unlocking access to quality produce at cheaper prices and faster turnaround times.
The funding will be used by its distribution network across India as well as to scale product capabilities and grow the team.
To date, the startup has onboarded over 15,000 retailers and more than 100 B2B buyers. 750,000 farmers have shipped over 30,000 tonnes of produce on its platform so far.
Read the full story on Yahoo! Finance here.

A growing success

500-backed healthtech startup Pandorum Technologies has closed US$4.8 million in funding from Indian business tycoon and chairman of Hero Motorcorp, Sunil Kant Munjal.
Founded by Arun Chandru and Tuhin Bhowmick, the ten-year-old startup focuses on tissue technology and regenerative medicine.
According to the Pandorum, its proprietary technology platform is designed to develop functional human tissues intended for medical research and therapeutic applications.
The startup shared that it is expanding into the area of cell-free therapies for tissue repair and regeneration. It is also developing a treatment to cure lungs that COVID-19 have damaged.
Read the full article on Inc42 here.

Learning unlocked

500-backed edtech platform Doyobi has raised US$2.8 million in a pre-Series A funding round led by Monk’s Hill Ventures.
While most learning platforms focus on students, Doyobi turns its attention to educators. The startup aims to equip them with new, more engaging ways of teaching STEM subjects.
According to the startup, its platform is used by about 2,000 teachers in more than 10 countries in Southeast Asia, the Middle East, and Africa.
Doyobi said the new funding will be used to create more courses for educators and teaching resources for their students.
Read the full story on TechCrunch here.