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.
CIN: U01403UP2015PTC075364Active (Private Limited Company, Non-govt company, Company limited by Shares); Compliance status: Active CompliantRoC Kanpur / RoC-Uttar Pradesh II (sources show both labels for the same UP registrar)Confidence: medium-high
AI OverviewGenerated from public records
AI-generated summary from public filings and may contain errors. Verify against the detailed sections below.
Company Identity
Confirmed| Registered name | Farmart Service Private Limited |
|---|---|
| CIN | U01403UP2015PTC075364 |
| PAN | AACCF7560M (derived consistently from all state GSTINs, e.g. 09AACCF7560M1Z5; not independently shown on a company-master page, so "partial") |
| Status | Active (Private Limited Company, Non-govt company, Company limited by Shares); Compliance status: Active Compliant |
| Listing | Unlisted |
| Incorporated | 30 December 2015 |
| ROC | RoC Kanpur / RoC-Uttar Pradesh II (sources show both labels for the same UP registrar) |
| Sector (NIC) | NIC 014 / Agricultural and animal husbandry service activities (except veterinary); classified by Falconebiz as Division A - Agriculture, forestry, fishing, Group A4 - Support activities to agriculture. Brand "FarMart" — AI-powered B2B food/agri sourcing and supply-chain SaaS platform. |
| Registered address | Ground Floor, H-53, Sector 63, Noida, Gautam Buddha Nagar, Uttar Pradesh, India - 201301 (Tofler/TheCompanyCheck/Falconebiz agree) |
| Authorized capital | Rs 111,22,37,320 (~Rs 111.22 Cr) — Falconebiz and TheCompanyCheck agree. (Note: an older/legacy Tofler-style figure of Rs 512,237,320 also appeared in one general web-search snippet, likely a stale pre-latest-round figure — treat the Rs 111.22 Cr figure as current, confirmed by 2 sources.) |
| Paid-up capital | Rs 54,86,10,772 (~Rs 54.86 Cr) per Falconebiz (current); TheCompanyCheck showed Rs 50.86 Cr (slightly lower, likely a snapshot pre-latest allotment). Treat Rs 54.86 Cr as most current (post Series C CCPS allotment April 2025). |
Business Overview
Confirmed- 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). [Source: farmart.co, Falconebiz, Entrackr]
Directors
Partial / conflicting| Name | DIN | Role | Appointed |
|---|---|---|---|
| MEHTAB SINGH HANS | 07364568 | Director since 30 Dec 2015 founder. 2) ALEKH SANGHERA; Director since 20 Mar 2019 (founder | - |
GST Registrations
Partial / conflicting| 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
Partial / conflicting- FY2024 (per Entrackr, standalone, as filed with RoC): Operating revenue Rs 1,341 Cr (+30% YoY)
- Net loss Rs 68 Cr. FY2025 (per Falconebiz/TheCompanyCheck, both agree): 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 (Falconebiz, TheCompanyCheck) 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
Confirmed- Total raised: ~$61.91 million across 8 rounds as of 22 May 2025 (Inc42/Tracxn)
- 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 (date/round label not fully reconciled with above — possible overlap with Series C tranche, flagged as a source conflict, not a separate round)
- 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 (per one source), 500 Global/Panacea (per one lower-confidence source, not corroborated elsewhere — flagged as possible conflict/error)
Charges & Borrowings
Confirmed- Total open charges: Rs 300.04 Cr
- satisfied/closed charges: Rs 234.7 Cr (Falconebiz, TheCompanyCheck — 2 sources agree)
- 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
Partial / conflicting- 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
Confirmed- DeHaat (agritech full-stack platform, larger scale/funding, Gurugram)
- Ninjacart (B2B fresh-produce supply chain, Bengaluru, $407M+ raised, larger scale)
- AgroStar (farm-inputs + advisory platform)
- WayCool (foodtech/agri supply chain, reportedly highest market share among peers, larger scale)
- Gramophone, Agrim, and Krishify (named as direct/closer-scale competitors per Entrackr)
- FarMart is generally smaller in disclosed funding/scale than DeHaat, Ninjacart and WayCool, and roughly comparable in stage to Gramophone/Agrim
Frequently Asked Questions
What does Farmart Service Private Limited do?
FarMart (legal entity: Farmart Service Private Limited) operates a SaaS-led, now AI-powered, B2B food/agri sourcing and supply-chain platform.
What is the CIN of Farmart Service Private Limited?
The Corporate Identification Number (CIN) of Farmart Service Private Limited is U01403UP2015PTC075364.
Where is Farmart Service Private Limited registered?
Farmart Service Private Limited is registered with RoC Kanpur / RoC-Uttar Pradesh II (sources show both labels for the same UP registrar). Registered address: Ground Floor, H-53, Sector 63, Noida, Gautam Buddha Nagar, Uttar Pradesh, India - 201301 (Tofler/TheCompanyCheck/Falconebiz agree)
When was Farmart Service Private Limited incorporated?
Farmart Service Private Limited was incorporated on 30 December 2015.
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