Company Intelligence Profile
Farmart Service Private Limited
FarMart (legal entity: Farmart Service Private Limited) operates a SaaS-led, now AI-powered, B2B food/agri sourcing and supply-chain platform.
Last updated 4 September 2026
FarMart, officially Farmart Service Private Limited, operates an AI-powered B2B food and agriculture sourcing and supply-chain platform. The company reported Rs 1,971.59 Cr in revenue for FY2025, reflecting a 45% year-over-year increase. It has raised approximately $61.91 million in funding across multiple rounds, with key investors like General Catalyst and Matrix Partners India.
AI-generated summary from public filings and may contain errors. Verify against the detailed sections below.
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Company Identity
| Registered name | Farmart Service Private Limited |
|---|---|
| CIN | U01403UP2015PTC075364 |
| PAN | AACCF7560M |
| Status |
|
| Listing | Unlisted |
| Incorporated | 30 December 2015 |
| ROC | RoC Kanpur / RoC-Uttar Pradesh II |
| Sector (NIC) |
|
| Registered address | Ground Floor, H-53, Sector 63, Noida, Gautam Buddha Nagar, Uttar Pradesh, India - 201301 |
| Authorized capital | Rs 111,22,37,320 (~Rs 111.22 Cr) — Falconebiz and TheCompanyCheck agree. |
| Paid-up capital | Rs 54,86,10,772 (~Rs 54.86 Cr) per Falconebiz (current) |
Business Overview
- FarMart (legal entity: Farmart Service Private Limited) operates a SaaS-led, now AI-powered, B2B food/agri sourcing and supply-chain platform
- Originally an agri-retailer-facing marketplace connecting farm-input dealers, farmers and buyers across central/northern India
- per its current site (farmart.co) it has evolved into a food-sourcing network linking food companies, processors, suppliers and logistics providers — serving named clients Britannia, Godrej, Parle and Patanjali, with 10,000+ suppliers and 100+ premium buyers across 50+ food categories
- Founded 2016 by Alekh Sanghera and Mehtab Singh Hans
- DPIIT-recognised startup
- Awards: Britannia "Top Supply Chain Partner" (2024-25)
- Deloitte "#1 Fastest Growing Tech Company in India" (2022)
Directors
| Name | DIN | Role | Appointed |
|---|---|---|---|
| MEHTAB SINGH HANS | 07364568 | Director | 30 Dec 2015 |
| ALEKH SANGHERA | 07376120 | Director | 20 Mar 2019 |
| BADRI PILLAPAKKAM BAHUKUTUMBI | 00272372 | Nominee Director | 28 April 2026 |
GST Registrations
| GSTIN | State | PAN | Status |
|---|---|---|---|
| 09AACCF7560M1Z5 | Uttar Pradesh | AACCF7560M (derived consistently from all state GSTINs, e.g. 09AACCF7560M1Z5; not independently shown on a company-master page, so "partial") | Active |
| 33AACCF7560M1ZE | Tamil Nadu | AACCF7560M (derived consistently from all state GSTINs, e.g. 09AACCF7560M1Z5; not independently shown on a company-master page, so "partial") | - |
| 29AACCF7560M1Z3 | Karnataka | AACCF7560M (derived consistently from all state GSTINs, e.g. 09AACCF7560M1Z5; not independently shown on a company-master page, so "partial") | - |
| 37AACCF7560M1Z6 | Andhra Pradesh | AACCF7560M (derived consistently from all state GSTINs, e.g. 09AACCF7560M1Z5; not independently shown on a company-master page, so "partial") | - |
| 10AACCF7560M1ZM | Bihar | AACCF7560M (derived consistently from all state GSTINs, e.g. 09AACCF7560M1Z5; not independently shown on a company-master page, so "partial") | - |
Primary/home-state GSTIN: 09AACCF7560M1Z5 (Uttar Pradesh, home state — registration date 13 June 2019 per KnowYourGST, status Regular/Active, jurisdiction Lucknow Sector-20 UP1733). PAN: AACCF7560M. Multi-state registrations: reported as 13-15 active GSTINs across states (UP, Tamil Nadu 33AACCF7560M1ZE, Karnataka 29AACCF7560M1Z3, Andhra Pradesh 37AACCF7560M1Z6, Bihar 10AACCF7560M1ZM, and others) — exact total count varies slightly by aggregator (13 vs 15), so count is "partial" (not independently confirmed at exactly one number); all sampled GSTINs are Active/Regular. Sources: KnowYourGST, Piceapp, FnShift, Jamku.
Financials
Farmart Service Private Limited reported an operating revenue of Rs 1,341 Cr in FY24, a 30% increase year-over-year, and reached Rs 1,971.59 Cr in FY25 with a 45% growth. The company incurred a net loss of Rs 68 Cr in FY24, while its total borrowings amounted to Rs 300.04 Cr.
- Operating revenue Rs 1,341 Cr (+30% YoY)
- Net loss Rs 68 Cr. FY2025: Revenue Rs 1,971.59 Cr (+45% YoY) — consistent trajectory with FY24 (1341 x 1.45 ≈ 1944, close to reported 1971.59, so cross-checks out). FY2025 EBITDA and PAT/net loss: not obtained (locked behind premium access on all aggregators checked). Net worth: not obtained. Total borrowings/open charges: Rs 300.04 Cr open charges + Rs 234.7 Cr satisfied charges (see charges section) — 2 sources agree. Standalone vs consolidated basis not explicitly stated by any source for the revenue figures — treat as standalone/entity-level per RoC filing convention used by these aggregators
Funding
- Total raised: ~$61.91 million across 8 rounds as of 22 May 2025
- Key rounds: Series B — $32 Mn, led by General Catalyst, March 2022, with Matrix Partners India (Z47) and Omidyar Network India participating
- Debt — responsAbility (Zurich) first investment 29 May 2024 (conventional debt)
- Series C (April 2025) — equity tranche led by General Catalyst (GC India Investment Holdings, Rs 43 Cr), Matrix Partners India/Z47 (Rs 1 Cr)
- 977 Series C CCPS allotted at Rs 4,52,182/share; debt co-tranche Rs 40 Cr NCDs from Stride Ventures and Trifecta Venture
- Additional/prior smaller round: Rs 84 Cr mixed (equity+debt) reported by Entrepreneur India
- As of query date (Aug 2026), FarMart reported to be in discussions to raise a further $30-40 Mn with Impact Fund Denmark and Greater Pacific said to lead (Entrackr, "exclusive"/rumored — not yet confirmed/closed)
- Investors named across sources: General Catalyst, Matrix Partners India/Z47, Omidyar Network India, responsAbility, Stride Ventures, Trifecta Venture, Pivot Ventures, 500 Global/Panacea
In the News
ICRA assigns new ratings to Farmart Service's structured finance instruments
Traders Union · 2 months ago
Farmart Service Number of Employees 2026 | Employee Count & Headcount Data
Revelio Labs · 2 months ago
Headlines about Farmart Service Private Limited reported by third-party publications. Recur Club does not author or endorse this coverage. Last checked 9/6/2026.
Source: Google News aggregated headlines
Charges & Borrowings
- Total open charges: Rs 300.04 Cr
- satisfied/closed charges: Rs 234.7 Cr. Key lenders on open charges: "Others" Rs 253.04 Cr (unnamed aggregate), Yes Bank Limited Rs 27.00 Cr, Axis Bank Limited Rs 20.00 Cr. Per prior routine note, "no charges" convention on these aggregators means no currently-open charges, not none-ever; here charges are explicitly present and open
Credit Ratings
- No corporate/issuer-level CRISIL, ICRA, or CARE rating located for Farmart Service Private Limited itself
- ICRA has issued transaction-level (SO = structured obligation) ratings for the company's securitisation Pass-Through Certificates (PTCs) backed by trade receivables — e.g. provisional [ICRA]A2(SO) on a Series A1 PTC of Rs 11.82 Cr, plus other PTC tranches rated [ICRA]A-(SO) and [ICRA]A2+(SO)/confirmations and withdrawals over time (icra.in rating rationale PDFs)
- These are deal-specific securitisation ratings, not a standalone corporate credit rating — do not conflate the two
Competitors
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