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Daily Markup #1002: FarMart raises US$2.8M to supercharge efforts towards a carbon-efficient supply chain for a food-secure world

June 5, 2024 · 1 min read
Photo credit: FarMart

Hungry for food security

  • Congratulations to 500-backed agritech company FarMart for raising US$2.8M from Swiss asset manager ResponsAbility Investments!
  • The company shared that they will use the fresh funds to accelerate their efforts towards a carbon-efficient food supply chain. The team will also leverage responsAbility’s expertise to optimize their existing supply chain.
  • FarMart’s network consists of 3 million farmers and helps 2,000+ food manufacturers across 6six countries to procure 90+ food commodities. The team caters to clients in Asia, the Middle East, and Africa.
  • The team is also leveraging artificial intelligence (AI) for quality checks and traceability throughout the value chain.
  • “Sustainability is at the core of our business, and responsAbility champions our goal with its strong orientation and expertise in sustainability,” shared Co-founder & CEO Alekh Sanghera. “Their investment empowers us to accelerate our efforts towards a carbon-efficient food supply chain, and ultimately achieve our vision of a food-secure world,” he added.
  • Read the full story here.
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