Dairy startup Mooofarm Pvt Ltd raised $13 million in Series A led by Aavishkaar Capital, the Impact Investing arm of the Aavishkaar Group, offering the investor a minority stake in the startup where other investors including Accel Partners, Aditya Birla Ventures, the Venture capital arm of Aditya Birla Group, along with existing investors Rockstart AgriFood, Navus Ventures including venture debt from Alteria Capital also participated.
Mooofarm aims to bridge the technological divide in order to empower marginalised dairy farmers. Mooofarm intends to use the funds to expand geographically, deepen its presence in current markets, and strengthen its technology stack. Currently, it is operational in Rajasthan, Punjab, and Haryana. Following the fundraising, the organisation intends to expand its operations to Madhya Pradesh and Maharashtra.