Opinions expressed by Entrepreneur the contributors are their own.
You are reading Entrepreneur India, an international franchise from Entrepreneur Media.
Mooofarm, an agricultural technology company and dairy company, has raised $13 million in a Series A funding round led by Aavishkaar Capital. The round also saw participation from Accel Partners, Aditya Birla Ventures, Rockstart, Navus Ventures and Alteria Capital. The company will use the raised fund to further scale its operations in Rajasthan, Punjab and Haryana and will also unlock its geographic footprint in Madhya Pradesh and Maharashtra.
“Our ability to combine a dairy farmer-centric approach along with technology-driven processes and robust infrastructure, Mooofarm offers an integrated, efficient and scalable dairy management solution that connects all stakeholders along the chain. of value, making our platform indispensable for improving efficiency, performance and profits,” said Param Singh, founder and CEO of Mooofarm.
Downloaded by over 1.4 million farmers, the Mooofarm app is a dairy farm management app designed to be easily used by dairy farmers in their vernacular, making purchasing inputs (livestock feed and livestock) more reliable, access to veterinary services is more convenient at your fingertips. The startup aims to increase its MoooSathi base to 3,000 and increase its revenue to INR 300 crore by FY24, the company claims in a statement.
“Mooofarm has a vision to disrupt the dairy value chain through the right technological interventions, opening up tremendous opportunities for small and marginal dairy farmers to improve their income while organizing this traditionally unorganized business. We are excited to partner with Mooofarm on their growth journey as we build a great sales business that has the ability to positively impact millions of farmers across India,” said Sushma Kaushik, Partner at Aavishkaar Capital.