Agritech startup MoooFarm raises $13M in a Series A round led by Aavishkaar Capital

Gurugram-based agritech and dairy startup MoooFarm has raised $13 million in a Series A funding round led by Aavishkaar Capital, along with the participation from Accel Partners, Aditya Birla Ventures, Rockstart, Navus Ventures, and Alteria Capital.

The startup plans to use the raised capital to scale its operations in Rajasthan, Punjab and Haryana and unlock its geographical footprint to Madhya Pradesh and Maharashtra.

"MoooFarm offers an integrated, efficient and scalable dairy management solution that connects all stakeholders along the value chain, making our platform indispensable to improve efficiency, yield and profits," said Param Singh, Founder & CEO of MoooFarm.

The startup said its app, which has been downloaded by over 1.4 million farmers, is designed for ease of use by dairy farmers in their vernacular language, making buying of inputs (cattle feed and cattle) more reliable and access to veterinary services more convenient at the fingertips.

Speaking on the investment, Sushma Kaushik, Partner, Aavishkaar Capital, said, "Mooofarm has a vision to disrupt the dairy value chain through the right technological interventions, which opens up tremendous opportunities for small and marginal dairy farmers to improve their income while organizing this otherwise traditionally unorganized business. We are excited to partner with Mooofarm in their growth journey while building a large sale business which has the ability to positively impact millions of farmers across India."

Also Read:

• Leap.Club, a professional network for women, raises $1M in funding

Follow IndianStartupNews on Facebook, Instagram, Twitter for the latest updates from the startup ecosystem.