The agritech startup is currently going through the Rockstart AgriFood acceleration program
Rockstart, a global accelerator-VC has announced that one of its portfolio companies, MoooFarm Agritech startup based in Delhi, raised €500k in pre-seed funding. The round was led by Navus Ventures, a Dutch investment fund, with Rockstart as co-investor. MoooFarm is part of the Rockstart AgriFood 2020 batch and has managed to raise this investment only four months into the program. The startup plans to use the funding to strengthen their product-market fit and hire key technology talent to launch new services to farmers.
MoooFarm is an agritech startup working in India to build sustainable, inclusive, efficient, and nutritious food systems for 75 million dairy farmers and over 1 billion consumers. MoooFarm is disrupting the €101Bn ($120Bn) Indian dairy industry through its mobile application. Using an Uber-like model, the mobile application allows farmers to connect virtually and schedule physical visits with veterinarians and artificial insemination technicians.
The app provides agricultural extension, farm management tools, access to qualified veterinarians, and an online community to support with increasing milk yields and reducing costs. In its one and a half years of operation, MoooFarm has helped 23,000 dairy farmers increase their daily milk yield and make on average an extra €34 ($40) per month.
