To deploy the fresh capital for geography expansion, deepening in the current geographies
Gurugram-based startup has raised $13 million funding in Series A led by Aavishkaar Capital. The investment round also saw participation from Accel Partners, Aditya Birla Ventures, Rockstart, Navus Ventures and Alteria Capital.
Mooofarm is focused on bridging the technology gap to empower marginalised dairy farmers. They are building on their vision to make dairy farming in India more profitable. With a focus on the farmers pain of low milk yield and less profits, Mooofarm offers ‘Dairy as a Service (DaaS)’ full-stack platform where farmers can buy best breed cattle, access tele-health and balanced nutrition services to increase milk yield and get loans to buy dairy inputs.
The startup will utilise the fresh investment to further scale its operations in Rajasthan, Punjab & Haryana and also unlock its geographical footprint to Madhya Pradesh & Maharashtra. Further Mooofarm targets to grow its MoooSathi base to 3000 and increase its revenue to Rs 300 crore by FY24.
Param Singh, Founder & CEO, Mooofarm, said, “We aim to utilise this Series A funding to further expand our operations nationally and strengthen our capacity to cater to the growing needs of our farmer communities. Our ability to combine a dairy farmer centric approach coupled with technology-driven processes and solid infrastructure, 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. “