Gold Farm

Gold Farm, an agri-tech venture headquartered in Bangalore, India, was established in 2012 by co-founders Abhilash Thirupathy and Karthic Ravindranath. The company directs its efforts towards mitigating the challenges faced by Indian farmers, particularly the scarcity of farm equipment and unreliable power for irrigation. Its primary offering is a mobile application-based platform that facilitates tractor booking, creating a shared economy model for agricultural machinery. This service allows farmers to access tractors and other farm equipment on a pay-per-use basis, addressing the high costs associated with ownership.

The platform's business model revolves around charging a commission on each transaction facilitated through the app, connecting farmers with tractor owners and equipment operators. This approach aims to improve the utilization of farm machinery, which often remains idle. In addition to equipment booking, Gold Farm has expanded its services to include the provision of solar water pumps. This initiative targets farmers in regions with inadequate electricity supply, offering a sustainable solution for irrigation needs. The company has secured financial backing from institutional investors, including a $2 million seed funding round led by the Small Industries Development Bank of India (SIDBI) and Infuse Ventures. This capital has been instrumental in expanding its operational footprint and technological capabilities.

Keywords: agri-tech, farm equipment rental, tractor booking, solar water pumps, agricultural technology, shared economy, farmer services, mobile application, pay-per-use, irrigation solutions