Karachi's AgriTech startup Farmdar has raised $1.3M in a SEED funding round led by Indus Valley Capital with participation from Deosai Ventures, Tricap Investments, United Distributors Pakistan Limited, The Community Fund VC, LMKR and K2 Global Ventures. Farmdar uses deep-tech with high-res, multi-band satellite imagery to create actionable data for farmers and corporates. This data has a direct result on the efficiency and profitability of farmers and corporates. The startup was launched in 2021 by Muhammed Bukhari, Muzaffar Manghi and Ibrahim Bokhari.
The Agriculture sector in Pakistan has been picking up since last year with vast lands and immense untapped opportunity offering significant potential for digitization and tech disruption, the Pakistani Agriculture sector is yet another uncharted territory for the VC world to explore.