Infarm: setback for the food start-up

Vertical farming

In Infarm’s Berlin showroom, an employee checks the growing system.

(Photo: Reuters)

Dusseldorf The rapid rise of the Berlin food tech Infarm has been viewed with skepticism for some time. Although the company has so far generated sales in the low millions, the start-up has managed to be valued in the billions,

Now the critics are getting new arguments: recently, sales even fell from a low level. In the first quarter of 2022 it was 3.6 percent lower than in the fourth quarter of 2021, according to internal documents available to the Handelsblatt. This is apparently due to problems in the supply chain. And from the third to the fourth quarter of last year, Infarm had to record a decline in net sales.

Infarm initially did not want to comment, but later informed the Handelsblatt that sales in the first half of 2022 had increased by around 33 percent compared to the first half of 2021.

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