Falca, an AgTech supply chain startup, has raised more than USD 3 million in its pre-series A funding led by Inflection Point Ventures (IPV). The pre-series A funding also saw participation from Mumbai Angels, LetsVenture, and high-net-worth individuals (HNIs).

Santosh Danegoudar, founder and chief executive officer (CEO) of Falca, said the company would utilise the fund to expand, acquire talent, and build technology infrastructure. The company directly works with farmers and offers them end-to-end farming solutions through a tech-based Phygital platform. Currently, Falca is working with 100,000 farmers, more than 60 input manufacturers, and around 65 corporate buyers, enabling transactions worth Rs. 1.4 billion.

Falca enables farmers to sell their products directly to consumers without extra costs such as middlemen, logistics, and packaging; in a statement, the company said that It offers free analytical support for weather conditions, market prices, supply-suitable harvest times, and demand gaps. Farmers and agricultural companies can list their products/commodities on Falca’s platform.

Agriculture technology (agri-tech) assists the Indian economy by exporting quality goods/commodities. Currently, the agriculture market stands at USD 375 billion. By 2025 Agritech is expected to reach USD 24 billion, with only 1 per cent being addressed today, said Falca.