Farmizen Solutions Private Limited
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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 Ended | Mar 31, 2018 | Mar 31, 2019 | Mar 31, 2020 | Mar 31, 2021 | Mar 31, 2022 | Mar 31, 2023 | Mar 31, 2024 |
|---|---|---|---|---|---|---|---|
| Revenue (USD) | 4,063,971 | 39,767,073 | - | 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 Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Seed | Completed | Farmizen Solutions Private Limited | - |
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