Crofarm

About Crofarm

The startup has developed a digitized supply chain platform that directly connects farmers with retailers to procure fresh produce. By utilizing machine learning to analyze retail-ordering behavior and predict demand, the platform enhances the efficiency of agricultural distribution.

```xml <problem> The traditional agricultural supply chain faces challenges in efficiently connecting farmers with retailers, leading to significant fresh produce wastage and reduced income for farmers. Inefficient demand prediction and lengthy transit times contribute to these losses. </problem> <solution> Crofarm provides a digitized supply chain platform that directly links farmers with retailers, streamlining the procurement of fresh produce. The platform leverages machine learning algorithms to analyze retail ordering patterns and forecast demand, enabling efficient harvesting and distribution. By minimizing the time from farm to retailer, Crofarm reduces food wastage and ensures the delivery of fresh, safe, and nutritious produce. The platform also offers traceability features, allowing consumers to track the journey of their food from farm to home. </solution> <features> - AI-powered demand prediction based on over 40 parameters to minimize wastage. - Rapid warehouse operations including sorting, grading, quality checks, and packaging within 90 minutes. - Traceability through QR code scanning, providing transparency on the produce journey. - Technology-enabled delivery partner tools for efficient routing, assignment, and package management. - Temperature-controlled transportation to maintain freshness during transit. - Brand "Farm Tale" offers fresh cow and buffalo milk, delivered within hours of milking, sourced from local farms. </features> <target_audience> Crofarm primarily targets retailers seeking a reliable supply of fresh produce and farmers aiming to increase their income through efficient market access. </target_audience> <revenue_model> Crofarm generates revenue through its B2B supply chain operations, connecting farmers with retailers, and through its B2C brand Otipy, which delivers fresh produce directly to consumers. In FY23, Otipy reportedly crossed Rs 115 Cr in gross revenue. </revenue_model> ```

What does Crofarm do?

The startup has developed a digitized supply chain platform that directly connects farmers with retailers to procure fresh produce. By utilizing machine learning to analyze retail-ordering behavior and predict demand, the platform enhances the efficiency of agricultural distribution.

Where is Crofarm located?

Crofarm is based in Gurugram, India.

When was Crofarm founded?

Crofarm was founded in 2016.

How much funding has Crofarm raised?

Crofarm has raised $55.2M.

Who founded Crofarm?

Crofarm was founded by Varun Khurana and Himanshu Aggarwal.

  • Varun Khurana - Founder at Otipy & Crofarm Agriproducts
  • Himanshu Aggarwal - Co-founder & CEO Aspiring Minds
Location
Gurugram, India
Founded
2016
Funding
$55.2M
Employees
100 employees
Major Investors
Westbridge Capital

Crofarm

10
Relative Traction Score based on online presence metrics compared to companies in the same age group.

Executive Summary

The startup has developed a digitized supply chain platform that directly connects farmers with retailers to procure fresh produce. By utilizing machine learning to analyze retail-ordering behavior and predict demand, the platform enhances the efficiency of agricultural distribution.

crofarm.com10K+
Founded 2016Gurugram, India

Funding

No specific funding rounds found.

Total Funding

$55.2M

Backed by

Westbridge Capital

Team (100+)

Himanshu Aggarwal

Co-founder & CEO Aspiring Minds

Varun Khurana

Founder at Otipy & Crofarm Agriproducts

Company Description

Problem

The traditional agricultural supply chain faces challenges in efficiently connecting farmers with retailers, leading to significant fresh produce wastage and reduced income for farmers. Inefficient demand prediction and lengthy transit times contribute to these losses.

Solution

Crofarm provides a digitized supply chain platform that directly links farmers with retailers, streamlining the procurement of fresh produce. The platform leverages machine learning algorithms to analyze retail ordering patterns and forecast demand, enabling efficient harvesting and distribution. By minimizing the time from farm to retailer, Crofarm reduces food wastage and ensures the delivery of fresh, safe, and nutritious produce. The platform also offers traceability features, allowing consumers to track the journey of their food from farm to home.

Features

AI-powered demand prediction based on over 40 parameters to minimize wastage.

Rapid warehouse operations including sorting, grading, quality checks, and packaging within 90 minutes.

Traceability through QR code scanning, providing transparency on the produce journey.

Technology-enabled delivery partner tools for efficient routing, assignment, and package management.

Temperature-controlled transportation to maintain freshness during transit.

Brand "Farm Tale" offers fresh cow and buffalo milk, delivered within hours of milking, sourced from local farms.

Target Audience

Crofarm primarily targets retailers seeking a reliable supply of fresh produce and farmers aiming to increase their income through efficient market access.

Revenue Model

Crofarm generates revenue through its B2B supply chain operations, connecting farmers with retailers, and through its B2C brand Otipy, which delivers fresh produce directly to consumers. In FY23, Otipy reportedly crossed Rs 115 Cr in gross revenue.

Sources:

This profile is AI-generated from web data and may contain inaccuracies. Want to correct or remove an entry? Owners can claim edits via their company email domain, and signed-in users can submit sourced suggestions.