For the first close of its third fund, which focuses on startups creating technologies for agriculture, food, climate, and the rural economy, agritech venture capital firm Omnivore raised $150 million.
First close investors include KfW, the Self Reliant India (SRI) Fund, FMO, SIFEM, the International Finance Corporation (IFC) with support from the Bill & Melinda Gates Foundation Inclusive Agritech Facility, Louis Dreyfus Company Ventures, the Dutch Good Growth Fund (DGGF), the Belgian Investment Company for Developing Countries (BIO), and Yara Growth Ventures.
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Says Mark Kahn, Managing Partner at Omnivore, “The greatest risk and opportunity for Indian agriculture are the adverse effects of climate change. Our new fund will have a sharper focus on catalyzing climate action in agriculture by funding startups addressing climate mitigation and climate adaptation.”
Mark Kahn and Jinesh Shah launched Omnivore in 2011 to provide funding for Indian startups developing the food and agricultural systems of the future. The venture capital firm was the first to invest in agritech in India, and over the past ten years they have supported over 40 startups that are improving farming's profitability, resiliency, sustainability, and climate-resilience.
Jinesh Shah, Managing Partner at Omnivore, noted, “We are grateful to our investors who share Omnivore’s vision of making India an agritech superpower which positively impacts the lives of smallholder farmers globally.”
About Omnivore
An Indian venture capital company called Omnivore supports businesspeople who are constructing the food and agricultural systems of the future. Since 2011, Omnivore has supported over 30 startups, becoming a leader in agritech investing in India. Every day, companies in the Omnivore portfolio transform India's food systems and promote agricultural prosperity, increasing the viability, resilience, and sustainability of agriculture.