The best path isn’t always the first

• Close to 7 years and a couple of pivots later, it’s fair to say 500-backed agritech FarMart has found its stride with over 5x revenue growth in the last year.
• CEO Alekh Sanghera recently shared how the company has grown, while staying true to their core ethos.
• “I think we were very frugal founders right from the beginning. We really haven’t changed a lot, but I think there’s far more focus on cash flow management. We’re a global food supply story now serving 7 countries, so we are very vigilant about the way we invest into new markets, and what that ROI would look like in the next 6-18 months.”
• Alekh also shared that with each pivot, the team was still focused on two things – impact and sustainability. “We believe in enablement –  building digital tools that improve incomes and livelihoods of everyone involved in the value chain; we don’t take a product step unless it adds value.”
• On top of that, FarMart’s asset light model contributes to about 30% savings in logistics cost for the entire value chain, and emits about 36% less carbon as a company compared to a traditional agriculture value chain.
• “To our surprise, many of the companies we partner with on the food buying side [work with us] for these two huge reasons, and that’s how we think the future for every company would be.”
• What’s Alekh focusing on next? He aims to build an interconnected global food supply network. “Food supply value chains are interlinked, and we believe that if you really want to achieve global food security, you have to have the ambition to become a global food company.”
• FarMart also believes that “digitalizing small stakeholders that a typical company or government doesn’t really care about” is important, and has started supporting the digitalizing of the food processing industry in India. 
• Check out the full interview here.