Agri-tech platform Falca raises over $ 3 Million in a pre-series round led by Inflection Point Ventures

Santosh Danegoudar, founder and chief executive officer, Falca
Santosh Danegoudar, founder and chief executive officer, FalcaPhoto - Falca

● Falca is an Agri-tech supply chain startup offering one-stop farming solutions to farmers through its phygital platform

● Falca is one of the fastest growing AgriTech companies in India to reach INR 100 Cr revenue being a bootstrapped company

● Funds raised will be used in scaling the services to enter new markets, team expansion, and building a strong tech platform

● IPV has announced the launch of $50 million AIF Fund Physis Capital to invest in Series A and B growth stage startups

● IPV has so far invested over Rs. 500 Cr across 135+ deals

One of India's fastest-growing Agri-tech platforms, Falca has raised over $ 3 million in a PreSeries, round led by Inflection Point Ventures, along with a combination of debt and equity funding. The round also saw participation from LetsVenture and Mumbai Angels among other HNIs. The funds raised will be scaling the services beyond the current geographies, acquiring talent for growth, and focusing on building tech infrastructure for the platform.

Falca is a Rural AgriTech supply chain platform offering one-stop farming solutions to small & marginal farmers by providing an array of services right from quality & authentic inputs to avail machinery on rent, market linkages, feasible storage solutions, Advisory & technologies for enhancing farm productivity, and more.

Falca is working with 1,00,000 lakh farmers and helping them at every stage, from testing the soil to selecting the right fertilizer for the highest yield. Farmers can sell their produce at a better price from their fields without extra overhead costs like logistics, middlemen, and packaging directly to consumers. Falca’s platform also offers analytical support for free such as weather conditions, supply-demand gaps, market prices, and suitable harvest times. Agricultural companies can also list their products/commodities through the platform.

Vinay Bansal, founder & chief executive officer, Inflection Point Ventures, says, “Farming is unquestionably the largest livelihood provider in India. However, it is accompanied by multiple challenges, which take a longer time to resolve considering a substantial region to cater to. Organizations and government bodies have been working toward helping farmers to increase their income and lower the cost of farming. It has emerged as a large market opportunity for agri-tech startups. FALCA, with its extensive research, has curated a plethora of services for farmers right from the grass root level to the final dispersion of products to the end users. It aims to educate the farmers through its platform and make them well versed with the usage of technology for cultivation and the benefits the FALCA offers to make a better living and profitable farming business. Along with its virtual support, the company has its offline presence ‘Falca Rural Service Points’ with 30 centers. IPV aims to strengthen the support for the farming community with FALCA.”

Due to technological advancements, farmers can now rent the latest equipment or tractor as per their requirements which further brings down the cost to sow and harvest the crops. Through the use of the latest mechanization, farmers can undertake agricultural activities in a hassle-free manner and increase their productivity.

Santosh Danegoudar, founder and chief executive officer, Falca, says, "We directly work with farmers and offer them end-to-end farming solutions through a tech-based Phygital platform. Our rural presence and technology platform connects smallholder farmers with the end markets for quality inputs, marketing produce, renting machinery, farm advisory, and storage services. We are working with 1,00,000 + farmers along with 60+ Input manufacturers & 65+ corporate buyers enabling transactions worth INR 1400 Mn."

Development in Agritech is beneficial for the industry and accelerates the Indian economy by exporting quality goods/commodities. The agricultural market today stands at USD 375 Billion and Agritech is expected to reach USD 24 Billion by 2025 with only 1% being addressed, today giving FALCA a huge growth room to execute their scale-up plans.

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