Agritech start-up Falca raises $3 mn in funding for expanding business

Company enables farmers to sell their products directly to consumers without extra costs like logistics, packaging

Falca, an agriculture technology start-up, has raised more than $3 million in funding led by Inflection Point Ventures (IPV). The pre-series A funding also saw participation from LetsVenture, Mumbai Angels and high-net-worth individuals (HNIs).

The company said it will use the fund to expand, acquire talent, and build technology infrastructure. "We directly work with farmers and offer them end-to-end farming solutions through a tech based Phygital platform. We are working with 100,000 farmers currently along with more than 60 input manufacturers and around 65 corporate buyers enabling transactions worth Rs. 1.4 billion," said Santosh Danegoudar, founder and chief executive officer