{"id":4517,"date":"2023-10-03T00:17:05","date_gmt":"2023-10-02T16:17:05","guid":{"rendered":"https:\/\/dailymarkup.com\/?p=4517"},"modified":"2023-10-03T00:17:05","modified_gmt":"2023-10-02T16:17:05","slug":"daily-markup-843-farmart-ceo-alekh-shares-focusing-on-impact-and-sustainability-is-their-north-star-for-building-a-global-food-supply-platform","status":"publish","type":"post","link":"https:\/\/dailymarkup.com\/?p=4517","title":{"rendered":"Daily Markup #843: FarMart CEO Alekh shares focusing on impact and sustainability is their north star for building a global food supply platform"},"content":{"rendered":"\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" width=\"1024\" height=\"530\" src=\"https:\/\/dailymarkup.com\/wp-content\/uploads\/2023\/10\/2023-09-28-18_35_19-TakeFive-With-Alekh-Sanghera-CEO-and-Co-Founder-at-@FarMart_-I-Full-Episode-Y-1024x530.jpg\" alt=\"\" class=\"wp-image-4518\" srcset=\"https:\/\/dailymarkup.com\/wp-content\/uploads\/2023\/10\/2023-09-28-18_35_19-TakeFive-With-Alekh-Sanghera-CEO-and-Co-Founder-at-@FarMart_-I-Full-Episode-Y-1024x530.jpg 1024w, https:\/\/dailymarkup.com\/wp-content\/uploads\/2023\/10\/2023-09-28-18_35_19-TakeFive-With-Alekh-Sanghera-CEO-and-Co-Founder-at-@FarMart_-I-Full-Episode-Y-300x155.jpg 300w, https:\/\/dailymarkup.com\/wp-content\/uploads\/2023\/10\/2023-09-28-18_35_19-TakeFive-With-Alekh-Sanghera-CEO-and-Co-Founder-at-@FarMart_-I-Full-Episode-Y-768x398.jpg 768w, https:\/\/dailymarkup.com\/wp-content\/uploads\/2023\/10\/2023-09-28-18_35_19-TakeFive-With-Alekh-Sanghera-CEO-and-Co-Founder-at-@FarMart_-I-Full-Episode-Y.jpg 1165w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Photo credit: <a href=\"https:\/\/www.youtube.com\/@omidyarnetworkindia1120\">Omidyar Network India<\/a><\/figcaption><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>The best path isn\u2019t always the first<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Close to 7 years and a couple of pivots later, it&#8217;s fair to say 500-backed agritech FarMart has found its stride with over <a href=\"https:\/\/bit.ly\/45mJJtT\">5x revenue growth in the last year<\/a>.<\/li>\n\n\n\n<li>CEO Alekh Sanghera recently shared how the company has grown, while staying true to their core ethos.<\/li>\n\n\n\n<li>\u201cI think we were very frugal founders right from the beginning. We really haven&#8217;t changed a lot, but I think there&#8217;s far more focus on cash flow management. We&#8217;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.\u201d<\/li>\n\n\n\n<li>Alekh also shared that with each pivot, the team was still focused on two things &#8211; impact and sustainability. \u201cWe believe in enablement &#8211;&nbsp; building digital tools that improve incomes and livelihoods of everyone involved in the value chain; we don\u2019t take a product step unless it adds value.\u201d<\/li>\n\n\n\n<li>On top of that, FarMart\u2019s 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.<\/li>\n\n\n\n<li>\u201cTo our surprise, many of the companies we partner with on the food buying side [work with us] for these two huge reasons, and that&#8217;s how we think the future for every company would be.\u201d<\/li>\n\n\n\n<li>What\u2019s Alekh focusing on next? He aims to build an interconnected global food supply network. \u201cFood 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.\u201d<\/li>\n\n\n\n<li>FarMart also believes that \u201cdigitalizing small stakeholders that a typical company or government doesn\u2019t really care about\u201d is important, and has started supporting the digitalizing of the food processing industry in India.&nbsp;<\/li>\n\n\n\n<li>Check out the full interview <a href=\"https:\/\/bit.ly\/3RG8qOu\">here<\/a>.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>The best path isn\u2019t always the first<\/p>\n","protected":false},"author":5,"featured_media":4518,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","footnotes":""},"categories":[322],"tags":[352],"class_list":["post-4517","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-daily","tag-farmart"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v19.1 - 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