To deploy fresh capital for geography expansion, strengthening tech stack and to grow the top line to 300 Cr
With a focus on the farmers pain of low milk yield and less profits, Mooofarm an Agtech company has launched‘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 Mooofarm app, downloaded by 1.4+ million farmers, is a dairy farm management application designed for ease of use by dairy farmers in their vernacular language making buying of inputs (Cattle Feed and Cattle) more reliable, access to veterinary services more convenient at the fingertips. It also gives farmers access to relevant dairy farming techniques where they can calculate costs and revenue, access real time solutions, view learning options to critical problems, and allow farm data to be available in one place.
The distribution of these services to the end farmer is ensured by Mooosathi, a village level entrepreneur to provide last mile aggregation and servicing of demand. The company 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. “
