MoooFarm, an agritech firm, has secured $2.4 million in a seed round headed by Accel India, with Rockstart's AgriFood fund and Navus Ventures also participating.

MoooFarm is an agTech-focused information technology firm that uses worldwide leadership and expertise in the areas of skills, agribusiness, and technology to achieve social change in developing nations like India. MoooFarm improves rural farmers' access to improved technology by integrating a comprehensive dairy farm management tool with an integrated e-commerce platform into rural India's dairy farming process.

The company, which provides technical solutions for dairy farmers, plans to use the new funds to hire top IT talent, increase sales, and expand its operational locations.

MoooFarm, which was founded in 2019 by Param Singh, Aashna Singh, Abhijeet Mittal, and Jitesh Arora, is organising the pre-farm gate dairy sector for a big and untapped market that accounts for about 4.6 percent of India's GDP.
“Over the last two quarters, we have seen a 50% month-on-month revenue growth. The revenue for FY22 is projected to be Rs 30 crore, almost 10x the revenue from FY21,” says, CEO Param Singh.

Through its mobile app and a network of village level micro-entrepreneurs, the company, which focuses on strong unit economics and profitability, empowers small-scale dairy farmers by connecting them to high-yielding cattle, qualified veterinarians, access to insurance/financial services, and digital advisory services.

"MoooFarm's team brings strong operational and technical expertise to organise India's pre-farm gate dairy sector, which is worth more than $50 billion," said Prashanth Prakash, a senior partner at Accel India.

Over 1 million dairy farmers in more than ten states in India have downloaded the MoooFarm app.

Navus Ventures' Eduard Meijer commented, “The team has shown strong traction while expanding their innovative offering to Indian smallholder farmers,”