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Agtech platform Falca has raised more than $3 million in pre-Series A funding led by Inflection Point Ventures, along with a combination of debt and equity financing. LetsVenture, Mumbai Angels, and other HNIs also participated in the round. Funds raised will be used to expand services beyond current geographies, acquire talent for growth, and focus on building the technology infrastructure for the platform.
“We work directly with farmers and provide them with end-to-end farming solutions through our technology-based phygital platform. Our rural business and technology platform connects small farmers to end markets, providing quality inputs, marketing products, renting machinery, said Santosh Danegoudar, founder and CEO of Farm Consulting Falca.
Falca’s platform provides analytical support, such as weather conditions, supply and demand gaps, market prices and suitable harvest times, for free. Falca is currently working with 100,000 farmers, providing them with an ecosystem of more than 65 agricultural buyers, 60 input brands and consulting services that support more than 40 crops, the company said in a statement.
“Falca, with its extensive research, provides farmers with a vast array of services, from grassroots to final product to end-user. It aims to educate farmers through its platform to make them tech-savvy,” said Vinay Bansal, founder and CEO of Inflection Point Ventures :
Founded by Santosh Danegoudar in 2018, Falca is a rural agricultural technology supply chain platform that provides a one-stop farming solution for small and marginal farmers by providing a range of services from quality and real inputs to utilizing machine rentals and more.