Agritech startup FALCA raises $3 million in funding led by Inflection Point Ventures

• ByStartupStory     |    October 8, 2022

FALCA, an agritech business that provides agricultural solutions via a hybrid digital and physical strategy, has acquired $3 million. “Inflection Point Ventures’ $50 million AIF Fund Physis Capital, which invests in Series A and B firms, led the investment.”

The business intends to utilize the funds to grow, employ people, and develop the platform’s technological infrastructure.

FALCA, founded in 2018 by Santosh Danegoudar, supplies small farmers with a variety of agricultural solutions, including rental equipment, market connections, storage solutions, consultancy services, and technology for boosting farm production, among others. FALCA promises to be one of the quickest agritech businesses to achieve Rs 100 crore in sales while being entirely self-funded. Farmers have access to everything from quality agro supplies to services such as equipment rental, consultancy, storage solutions, and market connections through this platform.

“We are working with 1,00,000 + farmers currently along with 60+ input manufacturers and 65+ corporate buyers enabling transactions worth Rs 140 crore,” said Founder and CEO Santosh Danegoudar. 

Speaking on the investment, Vinay Bansal, founder & CEO, of Inflection Point Ventures, said, “Falca with its extensive research has curated a plethora of services for farmers right from the grass root level to final dispersion of product to the end users. It aims to educate the farmers through its platform and make them well versed with the usage of technology for cultivation and the benefits the Falca has to offer to make a better living and profitable farming business. Along with its virtual support, the company now has its offline presence ‘Falca Rural Service Points’ with 30 centres. IPV aims to further strengthen the support for the farming community with FALCA.”

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