Bengaluru based B2B Agritech Startup Farm Taaza has reportedly raised $8 Million Series a funding in a round led by Epsilon Venture Partners. The round saw participation from IL&FS Investment Managers’ Tara India Fund IV and other angel investors. Farm Taaza sources fruits and vegetables from farmers and delivers it to kirana and retail stores.
Currently, it has operational centers and collection centers in Bengaluru, Chennai, and Hyderabad and nearby areas. At present, the agritech startup receives more than 200 orders a day from suppliers and clients which amounts to around 20 tonnes of produce daily. Farm Taaza works with over 1,400 farmers to source and supplies nearly 150 varieties of fruits and vegetables to clients.
Farm Taaza competes with Chennai-based NinjaCart which has raised a similar investment amount from Accel Partners and Nandan Nilekani’s NRJN Trust. Other startups working in the agritech domain include MeraKisan, Vegfru, Lemon Leaf, Day Box, etc. Farm Tech is likely looking to reach more agritech customers in the southern part of India.