Alok Duggal and Taranbir Singh both former bankers joined hands to start an interactive digital Agri platform FAARMS – an Amazon for the farming community in January 2020.
The objective is to offer a one-stop solution by providing a complete range of products and services to farmers at their doorstep.
FAARMS stands for:-
F – Farmer ecosystem for
A – Agriculture
A – Automation
R – Rural enablement
M – Modernization and
S – Social Inclusion
It provides farming inputs right from seeds, bio-fertilizers, agro chemicals, animal feed, agri equipment & implements to advisory, insurance, and banking services. More than 2000 + products from leading national and international brands such as Bayer, Godrej Agrovet, Deheus, and many more are available directly from the manufacturers.
This is further supported by Faarms TV a virtual knowledge-exchange platform that showcases best practices related to farming and agri allied activities such as dairy and poultry, based on the guidance & expertise of agri scientists and progressive farmers.
The platform offers multilingual videos covering a wide range of topics related to agricultural products and practices. Users can download the app or login to YouTube and get farming related knowledge all in one place.
Relationship Managers, graduates from agricultural universities visit dairy and crop farmers for health checkup of cattle and crops and advising farmers on the betterment of both.
Country’s premier Agriculture research centres, Dairy Cooperatives and Central Warehousing Corporations (CWC), have recognized the work Faarms is delivering on the ground and have came forward to associate with them. They have signed an MoU with Central Warehousing Corporation(CWC) to have access to 422 warehouses across India to help the company deliver to the farmers in the interior’s parts on time.
FAARMS today is on a mission to double the income of the farmers by 2024. It is already working with more than 70000 farmers in 80 clusters in Punjab, Haryana, UP, Uttarakhand, Rajasthan, Gujrat & MP.
Faarms has also partnered with Bharat BillPay to create a marketplace for farmers across India to manage recurring payments such as water, gas and electricity bills, loan repayments, insurance premium payments, and secure products such as seeds, cattle feeds, and farming equipment delivered directly to their doorstep utilizing the Faarms-owned and operated logistics network. Faarms has raised $10 million in recent funding round led by investors including Cornelius (Conny) Boersch, Founder of Conny & Co., a serial entrepreneur, Singaporean angel investor Koh Boon Hwee, along with Apoorva Ranjan Sharma – co founder of Venture Catalyst and 9 Unicorns and Ramit Mittal of Bharti Family, as well as other Indian and international investors. The funds will be used to upgrade technological infrastructure, to expand its outreach across the country, and scale up their supply and distribution channels.
