FarMart, India’s fastest-growing intelligent food supply network, has taken a groundbreaking step by becoming the first food and agri-tech company to join ONDC. This strategic move empowers FarMart to facilitate easy access to high-quality ingredients for food manufacturing businesses across India through the ONDC network.
Through this collaboration, FarMart and ONDC are collectively reshaping the food supply chain landscape. Their efforts are aimed at seamlessly linking food value chains throughout the country and fostering effortless connections between food producers and manufacturers.
The food and agri-tech company recently completed a substantial business-to-business (B2B) bulk order, supplying 5,000 kilograms of flour through their network. FarMart presently offers a diverse range of over 25 Stock Keeping Units (SKUs) consisting of processed products, including various food grains, oilseeds, spices, and pulses, catering to the needs of food businesses.
Through this partnership, food businesses nationwide will gain access to FarMart’s extensive network, comprising over 200,000 village-level aggregators and over 2,000 processors.
Speaking on the occasion Alekh Sanghera, Co-Founder & CEO of FarMart, said, “FarMart mission is to make food value chains more resilient, reliable & rewarding for humanity. Being live on ONDC is a pivotal element of our distribution strategy as it enables us to seamlessly connect farming communities with food processors and eventually end consumers while ensuring traceability.”
“Being a board member at both FarMart and ONDC, this news gives me immense joy and pride. This collaboration provides improved access for farmers, small businesses, and consumers in the food supply chain which is the shared mission of both organizations.
This is a big step towards digitization, traceability and efficiency of global food supply chains.”, said Anjali Bansal, Founder and Managing Partner at Avaana Capital.
“I am happy to see FarMart joining the network, looking forward to more Agri-tech companies, agriculture commodity buyers to join network to enable e-procurement of Agriculture Commodities,” T Koshy, MD & CEO of ONDC said in an official statement.
FarMart serves as a smart food supply network, linking farming communities with global food businesses. They develop digital products and commerce solutions that revamp food value chains, with a mission to enhance the resilience, reliability, and profitability of these chains for humanity. Notably, in 2022, FarMart achieved recognition from Deloitte, securing the top spot as the fastest-growing technology company in India.
Prominent venture capital firms such as General Catalyst, Matrix Partners, Omidyar Network, and Avaana Capital have joined forces with and provided support to FarMart. They are dedicated to investing in innovative technology companies that prioritize sustainability and purpose.
