Omnivore’s third fund, the Omnivore Agritech and Climate Sustainability Fund, received $5 million in investment from Proparco, a subsidiary of the Agence Française de Développement (AFD) Group.
Omnivore, an impact venture capital fund, has invested in a variety of companies, such as Optimo, Fibmold, Sid’s Farm, and Scimplify. The VC provides support to founders who are promoting agri-food resilience, driving rural transformation, and catalyzing climate action in India and Southeast Asia.
Proparco has been operating in India since 2009 with the objective of enhancing the capabilities of the private sector in developing countries. The organization concentrates on the adaptation to climate change and the reduction of inequality in India.
Mathoum emphasized that it is a significant milestone in the progression toward the India-France year of innovation, which is scheduled to occur in 2026.
This partnership with Omnivore is the first venture capital initiative outside of Africa for Proparco, according to Diane Jegam, South-Asia Director of Proparco.
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