Agritech and Dairy Startup-MoooFarm Raises Capital in Series A Round

Aavishkaar Capital led a $13 million Series A fundraising round for Gurugram-based agritech and dairy firm MoooFarm. The fundraising round also included participation from Accel Partners, Aditya Birla Ventures, Rockstart, Navus Ventures, and Alteria Capital.

According to the startup, the recently collected money will be utilized to grow into Madhya Pradesh and Maharashtra as well as started in Rajasthan, Punjab, and Haryana.

MoooFarm | Making Farmers Prosperous

The goal of MoooFarm, a company co-founded by Param Singh, Aashna Singh, Abhijeet Mittal, and Jitesh Arora, is to help India’s 100 million dairy farmers escape poverty and provide wholesome milk for more than a billion people.

It offers a dairy farm management app in the native tongue of the farmers. The software gives farmers access to veterinary services and dairy farming methods and makes purchasing supplies (such as animals and cow feed) more dependable.

“We want to use this Series A capital to increase our ability to meet the expanding demands of our farming communities and to further extend our operations across the country. In order to increase productivity, production, and profits, MoooFarm provides an integrated, effective, and scalable dairy management solution that integrates all stakeholders along the value chain.

A MoooSathi, a village-level entrepreneur, who offers last-mile aggregation and demand servicing support, ensures the distribution of services provided by the company to the farmer.

Through the appropriate technical interventions, MoooFarm aims to disrupt the dairy value chain, creating enormous opportunities for small and marginal dairy farmers to increase their incomes and organize this previously unorganized industry.

The Gurugram-based agritech and dairy firm wants to double its income by FY2023–24 to Rs 300 crore and expand its network of MoooSathis to 3,000.

Aavishkaar Capital Partner Sushma Kaushik commented on the development, saying,

“We are thrilled to work with MoooFarm as they embark on their expansion path and develop a large-scale enterprise that has the potential to have a great impact on millions of farmers throughout India.”

To create sustainable food systems for 100 million dairy producers and one billion customers, MoooFarm secured $2.4 million in a seed round of funding earlier this year, under the leadership of Accel India.