Farmway announces Rs 870 crore partnership with Georgia government

NEW DELHI: Farmway Technologies Inc., a fintech platform founded by India-born entrepreneurs Upmanyu Misra and Dipendra Jain and now headquartered in the U.S., has announced a partnership with the Government of Georgia to channel up to Rs 870 crore ($100 million) into sustainable agriculture. The agreement aims to modernise farming through digital innovation in Georgia, while also reinforcing Farmway’s India footprint, with projects like tokenised ashwagandha cultivation and an upcoming 10,000-ton natural oils processing plant.

Upmanyu Misra, CEO and Co-Founder of Farmway Technologies Inc, said in a statement, “As India-born founders, agriculture and food is part of our heritage. Farmway is proof that Indian entrepreneurship can create global solutions by linking traditional farming with cutting-edge technology to unlock new capital and climate benefits.”

Under the Georgia partnership, Farmway will invest Rs 870 crore over five years in advanced infrastructure, logistics, processing, and irrigation systems. This builds on its existing Rs 166 crore ($20 million) investment in 400 hectares of almond orchards, which will expand by 600 hectares with certified warehousing and processing facilities for nut-based products and sustainable irrigation systems.


Farmway’s India operations in tokenised ashwagandha farming and its upcoming 10,000-ton natural oils processing plant will benefit directly from these advancements. By enabling farmers to digitise farmland and processing infrastructure into blockchain-based tokens, Farmway aims to open access to international investors while ensuring every crop is transparently traced from seed to market.

Farmway’s tokenised model allows investors to purchase digital tokens representing fractional ownership in farmland and agri-infrastructure. Returns are linked directly to crop yields, processing revenues, and verified climate benefits such as water savings and carbon reduction.

The partnership in Georgia was inaugurated by H.E. David Songulashvili, Minister of Environmental Protection and Agriculture of Georgia, alongside investors from India, Italy, and France.

Songulashvili said in a statement, “Our open agri-industrial policy and innovative farmer support programs provide a solid foundation for the development of agriculture in Georgia. The business environment established in the country offers the best conditions for attracting both international and local investments, particularly for companies introducing new technologies and innovations in the agricultural sector. We appreciate Farmway's substantial investment and their groundbreaking steps in the direction of Agritech and AI, which are showcasing Georgia on the map as an attractive destination for foreign investments.”