Farmizen Solutions Private Limited

Have updates for this profile? Please contribute data

= Subscriber Access Only

You are viewing a preview of this profile. Request a Preqin Pro demo for full access to all profiles and underlying data.

With Preqin Pro, you gain an unobstructed view of all alternative asset class activity across institutional investors, fund managers, funds, portfolio companies, deals, exits, and service providers.

Farmizen Solutions Private Limited - overview

Established

2017

Location

Bangalore, Karnataka, India

Primary Industry

Agribusiness

About

Farmizen Solutions Private Limited is a company focused on providing organically grown produce directly sourced from local farmers, ensuring freshness and quality for health-conscious consumers. Farmizen Solutions Private Limited, established in 2017, operates a direct-to-consumer model offering organic fruits, vegetables, and staples. The company is headquartered in Bangalore, India. Founders Balasubrahmanian Sudaakeran, Gitanjali Rajamani, and Shameek Chakravarty have experience in entrepreneurship, with Shameek Chakravarty currently serving as CEO.


In September 2017, the company secured SEED funding from Venture Highway and individual investors, marking a significant step in its growth. Farmizen Solutions Private Limited specializes in organically grown fruits, vegetables, and staples sourced directly from local farmers. Operating a short supply chain model, produce is harvested only after customer orders are received, ensuring freshness upon delivery. The core offerings target health-conscious consumers seeking pesticide-free food options, enhancing traceability in food sourcing.


The services cater to individual consumers prioritizing organic, locally grown products, particularly in urban markets across India, extending access to high-quality produce in areas where traditional supply chains may fall short. In the most recent fiscal year 2023, Farmizen Solutions Private Limited reported a revenue of USD 1. 24 mn, alongside an EBITDA of USD -50,472. This revenue structure is based on direct transactions with customers, emphasizing a business-to-consumer model where orders are placed for organic produce through the company’s platform, allowing consumer flexibility in product selection.


Farmizen Solutions Private Limited aims to expand its product offerings and geographic reach. The company plans to introduce new organic products, enhancing its portfolio for health-conscious consumers. Expansion into additional urban markets across India is targeted for 2024, capitalizing on the increasing demand for sustainable food sourcing. The funding raised in September 2017 will be utilized to support these initiatives, enhancing operational capabilities and marketing efforts for broader outreach.


Current Investors

General Catalyst India

Primary Industry

Agribusiness

Sub Industries

Crop Production

Website

www.farmizen.com

Verticals

Mobile Apps

Company Stage

Angel & Seed

Total Amount Raised

Subscriber access only

Farmizen Solutions Private Limited - financials

Fiscal Year EndedMar 31, 2018Mar 31, 2019Mar 31, 2020Mar 31, 2021Mar 31, 2022Mar 31, 2023Mar 31, 2024
Revenue (USD)4,063,97139,767,073-119,898,776---
% Revenue Growth (YoY)-878.5%-----
EBITDA (USD)(5,901,392)(1,072,362)-(4,086,594)---
Operating Income (USD)(6,001,454)(1,441,585)-(4,397,068)---
Operating Margin(147.7%)(3.6%)-(3.7%)---
% EBITDA Margin(145.2%)(2.7%)-(3.4%)---
NET Income (USD)(6,031,993)(1,448,722)-(4,442,769)---
% Net Margin(148.4%)(3.6%)-(3.7%)---

Farmizen Solutions Private Limited - deals

Deals TypeDeal StatusTarget (s)Deal DateInvestor(s)Seller(s)Deal size (Mn)Enterprise value (Mn)Post-money valuation (Mn)EBITDA multiple (x)Revenue multiple (x)Lead partner (s)
SeedCompletedFarmizen Solutions Private Limited-

Displaying 1 - 1 of 1

GoingPro

Time to go Pro

Get Preqin Pro for unrestricted access to 600,000+ detailed profiles on fund managers, investors, funds, companies, and other alternative asset players. Unlock exclusive data on future plans, company financials, fundraising history, track records, and more.