Farmdar uses deep-tech with high-res, multi-band satellite imagery to create actionable data for farmers and corporates. This data has a direct result on the efficiency and profitability of farmers and corporates.
The round has been led by Indus Valley Capital with participation by strategic investors from Pakistan, the Middle East, and US, including Deosai Ventures, Tricap Investments, United Distributors Pakistan Limited, The Community Fund VC, LMKR and K2 Global Ventures.
Launched in 2021 by childhood friends Muhammed Bukhari, Muzaffar Manghi and Ibrahim Bokhari who himself is a third-generation large farmer, the Farmdar journey began when the founders started exporting produce and discovered that Pakistani produce was considered low quality in the UK and UAE markets. The founders vowed to do something about it.
“We looked at supply chain improvements first, like cold chain, which allowed us to extend shelf life but our underlying quality was still poor. We then tried remote sensing and precision agriculture technology and it created a step change in quality and yield whilst reducing our input costs” said Ibrahim.
“Pakistan is amongst the top 10 producers in the world for essential crops such as sugarcane, wheat and rice, yet in terms of yield we rank 50th or below. It’s a massive yield gap. Farmdar is in a unique position to help increase yield and quality while reducing farming costs and minimizing waste. Pakistan is well placed to be a regional and global...
Read Full Story: https://www.techjuice.pk/farmdar-a-pakistan-based-agritech-raises-1-3-million-in-a-seed-round/
Your content is great. However, if any of the content contained herein violates any rights of yours, including those of copyright, please contact us immediately by e-mail at media[@]kissrpr.com.