Agritech start-up MoooFarm, which offers technical solutions for dairy farmers, on Thursday said it has raised USD 2.4 million from investors including Accel India, to expand and grow its business. The seed round funding was led by Accel India with participation from Rockstart’s AgriFood fund and Navus Ventures.
Founded in 2019 by Param Singh, Aashna Singh, Abhijeet Mittal & Jitesh Arora, MoooFarm is organizing the pre-farm gate dairy sector for a large and unexplored market which constitutes almost 4.6% of India’s gross domestic product.
Over the last two quarters, we have seen a 50% month-on-month revenue growth. The revenue for FY22 is projected to be Rs 30 crore, almost 10x the revenue from FY21, CEO Param Singh said.
“This investment will help accelerate our vision to build sustainable food systems for 100 million dairy farmers and one billion consumers. We will use the fresh capital for hiring the best tech talent, significantly grow revenue and expand on operational locations,” said MoooFarm founder and CEO Param Singh.
MoooFarm raises $2.4 million in seed round
