Organic Farming Start-up, Humpy Farms Secures INR 5 Crore funding in Angel Round; includes funds secured in Shark Tank India
- ByStartupStory | May 12, 2022
Humpy Farms was founded in 2017 by Malvika Gaekwad and Jaywant Patil and is headquartered in Pune. Humpy Farms, a direct-to-consumer organic farming startup, has raised $ 5 billion in funding round. HumpyFarms consistently practices climate-friendly renewable digital organic farming to reduce carbon dioxide emissions with the goal of becoming a one-stop shop for everyday grocery needs.
Humpy Farms recently appeared in Shark Tank India’s first season and received funding from Peyush Bansal of Lenskart and Ghazal Alagh. Notable investors such as DBS Bank’s Shailesh Ligade, IIFL’s Abhay Amrute, Bain & Company’s Prattyush Shahane, Wiggles’ Yogash Lahoti and Anushka Iyer also participated in the Angel investing Round. The funds secured from Shark Tank India and Angel Round will help Humpy Farms grow significantly. Much of the money raised will be used to invest in technology and strengthen the brand’s D2C strategy.
Part of the funds will also be used to accelerate client acquisition and identify and hire new talent. In line with its expansion plans, Humpy Farms is also exploring new potential markets for the launch of its perishables, including its unique Humpy A2 milk.
“Humpy Farms has potential that needs to be unlocked with the use of technology and marketing. Their proposition is extremely relevant in today’s day and age and I am extremely excited to team up with a brand that tasted success in a short span. The product range is attractive and has the potential to grow and become an every-day name in the years to come. I am excited on this partnership and are eager to help Humpy Farms on this next phase of growth. ” said Piyush Bansal, CEO and Co-Founder, Lenskart.
Humpy Farms currently offers a variety of dairy and non-dairy products. Its flagship product, Humpy A2 Milk, is currently available in Pune and will soon be available to consumers throughout India, but its range of organic products is now available throughout India, including apps, websites, and You can buy online through your company’s selected e-commerce platform.
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