TLDR:
Merak Ventures has invested USD 1.45 million in Farmtheory, an agri-food startup, to help them scale operations, expand their supply arm, enhance technological infrastructure, and strengthen their supply chain.
Article Summary:
Sector agnostic early stage venture capital (VC) firm, Merak Ventures, has announced a USD 1.45 million investment in Farmtheory to support their operations and expansion efforts. Founded in 2019 by Arpit Agarwal and Sakshi Agarwal, Farmtheory is a Y-Combinator-backed startup that aims to reduce food waste, increase farmer incomes, and combat climate change by redirecting edible produce to new markets. The investment will help Farmtheory reach more farmers, improve their technological infrastructure, and expand their supply chain. Sheetal Bahl, a Partner at Merak Ventures, praised Farmtheory for their innovative approach to addressing food waste, farmer income, and climate change, noting the transformative potential of their solutions in the agri-food industry. With a focus on acquiring nutritious produce directly from farmers and supplying it to various buyers, including cloud kitchens, catering companies, and food processors, Farmtheory has served over 1500 kitchens and onboarded 3000 partner farmers. Arpit Agarwal, Co-founder of Farmtheory, emphasized the platform’s commitment to enriching lives, fostering sustainability, and creating meaningful connections between farmers and consumers. The investment will enable Farmtheory to continue its mission of minimizing food waste, boosting farm yields, and delivering quality ingredients to commercial kitchens.
