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Daily Markup #361: FarMart bags US$10M for unlocking food supply chain; Pandorum closes US$4.8M for organ repair technology; Doyobi lands US$2.8M to serve STEM educators

Ching Yee Ho



Credit: The Economic Times

Reaping the rewards

  • 500-backed agritech startup FarMart has bagged US$10 million in a Series A funding round led by Matrix Partners India. It had just raised US$2.4 million in its pre-Series A round in June 2021.
  • The startup’s platform connects food businesses directly to farms, unlocking access to quality produce at cheaper prices and faster turnaround times.
  • The funding will be used by its distribution network across India as well as to scale product capabilities and grow the team.
  • To date, the startup has onboarded over 15,000 retailers and more than 100 B2B buyers. 750,000 farmers have shipped over 30,000 tonnes of produce on its platform so far.
  • Read the full story on Yahoo! Finance here.

Credit: Inc42

A growing success

  • 500-backed healthtech startup Pandorum Technologies has closed US$4.8 million in funding from Indian business tycoon and chairman of Hero Motorcorp, Sunil Kant Munjal.
  • Founded by Arun Chandru and Tuhin Bhowmick, the ten-year-old startup focuses on tissue technology and regenerative medicine.
  • According to the Pandorum, its proprietary technology platform is designed to develop functional human tissues intended for medical research and therapeutic applications.
  • The startup shared that it is expanding into the area of cell-free therapies for tissue repair and regeneration. It is also developing a treatment to cure lungs that COVID-19 have damaged.
  • Read the full article on Inc42 here.

Credit: Saturday Kids

Learning unlocked

  • 500-backed edtech platform Doyobi has raised US$2.8 million in a pre-Series A funding round led by Monk’s Hill Ventures.
  • While most learning platforms focus on students, Doyobi turns its attention to educators. The startup aims to equip them with new, more engaging ways of teaching STEM subjects.
  • According to the startup, its platform is used by about 2,000 teachers in more than 10 countries in Southeast Asia, the Middle East, and Africa.
  • Doyobi said the new funding will be used to create more courses for educators and teaching resources for their students.
  • Read the full story on TechCrunch here.

Ching Yee Ho