Burlingame, CA – According to filings with the U.S. Securities and Exchange Commission, Farmstead is raising $39,974,543.00 in new funding. Sources indicate as part of senior management President and Chief Executive Officer, Pradeep Elankumaran played a key role in securing the recent investment and it will aid in aggressively expanding the company, as well as broaden and accelerate product development.

About Farmstead
Farmsteads smart-buying AI technology reduces food waste by buying only exactly what we need for your delivery. As you buy more, we get better at saving you money and food waste continues to drop – creating a greener earth for everyone. We work with local farmers and national distributors to stock up on your favorite products – fresh fruit and veggies plus the family-friendly national brands you love. We don’t just offer produce. You can find all the same stuff from the store sourced from local and national brands. Your groceries are hand-selected and inspected by our highly trained team at our micro-hub to make sure your family is getting the best quality produce and the exact products you ordered. We deliver to you and your neighbors at the same time – grouping deliveries together helps us reduce your delivery fees and our carbon emissions. Each time you order, we get better at reducing food waste because we can predict exactly what you need. Each time you reorder your favorite products, well give you a 5% discount.

To learn more about Farmstead, visit http://www.farmsteadapp.com/

Contact:
Pradeep Elankumaran, President and Chief Executive Officer
650-215-6213
pradeep@farmsteadapp.com
https://www.linkedin.com/in/pradeepelankumaran/

SOURCE: http://www.intelligence360.io
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