Venture capital firm Omnivore has invested in eFeed, an animal nutrition and health startup manufacturing innovative products for livestock. This is Omnivore’s third life sciences investment under its OmniX Bio initiative, which was originally launched in December 2021.
The additional funding will be used by eFeed to improve its R&D operations, grow its farmer network, and concentrate on talent acquisition, as per reported by Inc42.
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“Despite holding the global top spot in cattle population and dairy production until now, India lacks disruptive innovations in the animal nutrition and health (ANH) industry. We believe nutrition plays the most critical role in cattle health,” Kumar Ranjan, cofounder, and CEO of eFeed, said.
Based out of Pune, eFeed was founded in 2021 by Kumar Ranjan, Ravi Chauhan and Ankit Patel to disrupt the USD 14 billion Indian animal nutrition and health industry. eFeed has developed nutritional supplements for livestock which can improve overall cattle health while also increasing milk yield.
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eFeed’s digital nutrition application also provides customized ration balancing, factoring in the location of the cattle and available raw materials for feeding. The application also connects veterinary doctors to cattle farmers for easy access to medical services. Using this funding, eFeed will strengthen its R&D operations, expand its farmer network, and focus on talent acquisition.
About eFeed
A direct-to-farmer firm called eFeed is shaking up India’s $25 billion animal feed sector. They provide nutritional advice to farmers so they can localise nutrition for their particular animal species and improve animal development and quality, resulting in a higher harvest and increased profitability.
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