FarMart turns EBITDA profitable in Q4 FY26; hits Rs 3,600 crore run rate
The decade-old agrifood platform attributes its 50% YoY growth to deeper wallet share, stronger supply networks, and AI-powered workflows.
Gurugram-based agrifood platform FarMart reported a strong close to FY26, exiting the year with a $400 million (~Rs 3,600 crore) revenue run rate and achieving EBITDA profitability in Q4 for the first time.
The figure reflects an annualised run rate based on Q4 FY26 performance, and not the company’s full-year revenue.
Its gross order value (GOV) for the year stood at over Rs 2,800 crore, marking a 50% year-on-year increase from Rs 1,961 crore in FY25, the company said in a press release.
FarMart’s growth has been driven by deeper wallet share among its existing base of 300 enterprise customers across 40+ food categories; increased supply from existing farm and processor networks; and AI-powered workflows that enhance the customer experience across sourcing, quality control, logistics, and payments.
“Over the last few years, we have stayed focused on solving one core problem: how to make food supply chains move with greater efficiency, predictability, and trust,” says Alekh Sanghera, Co-Founder and CEO of FarMart. “Our belief is that the future of agrifood will be built on AI-led coordination, disciplined execution, and capital-efficient infrastructure that can serve the ecosystem at scale.”
The company has raised over $50 million across multiple rounds from investors such as Stride Ventures, Trifecta Capital, General Catalyst, and Omidyar Network. Over the years, FarMart has undergone several pivots—from a farm equipment rental marketplace to being a B2B SaaS-led agrifood platform, while navigating several near-death moments.
Founded in 2015, FarMart has also expanded its access to institutional capital through structured financing mechanisms, such as receivables securitisation, to improve working capital availability and reduce dependence on traditional lending channels.
The company is also expanding into the consumer products space — its brands Pantry and TrulySafe have crossed a Rs 60 crore revenue run rate within 10 months, driven largely by online channels. FarMart has also expanded its operations across international corridors in Africa and the Middle East and is in advanced discussions to acquire a nutrition-focused brand as it builds out its consumer portfolio.
In 2025, the platform worked with over 4.8 lakh farmers and facilitated payments worth more than Rs 2,340 crore. Its operations also helped prevent over 18,000 metric tonnes of food loss and reduce carbon emissions by more than 23,000 tonnes, while saving billions of litres of water through improved supply chain efficiency.
FarMart plans to scale both its platform and consumer businesses in FY27, positioning itself as a default infrastructure layer for the agrifood ecosystem.