HomeAgricultureOmnivore set up a Rs 1000 Cr Venture fund to support Agritech & Climate Sustainability

Omnivore set up a Rs 1000 Cr Venture fund to support Agritech & Climate Sustainability

Most Read

India-based leading agritech venture capital firm, Omnivore Partner has today announced the launch of its third fund, with a target corpus of USD 130 million (INR 1000 crore). The new fund will continue to invest in early-stage startups developing breakthrough technologies for agriculture, food, climate, and the rural economy.

With this new fund, Omnivore expects to make 25 to 30 new investments over the next four years.

- Advertisement -

Omnivore Fund 3 will have a sharper focus on catalyzing climate action in agriculture, backing startups addressing both climate mitigation (reducing India’s GHG emissions) and climate adaptation/resilience (securing a future for India’s farmers). Along these lines, earlier this year, Omnivore launched the OmniX Bio initiative to provide additional support to agrifood life science startups, initially targeting the fields of agricultural biotechnology, novel farming systems, bioenergy, and biomaterials, as well as innovative foods, including alternative protein. With the new fund, Omnivore aims to deepen the reach and impact of OmniX Bio and help reboot the agrifood life sciences ecosystem in India.

Speaking on the development, Mark Kahn, Managing Partner of Omnivore, said, “For over a decade now, we have been a part of the evolution of the agritech ecosystem in India. Through Omnivore’s investments, we have touched the lives of almost 7 million smallholder farmers, improving their profitability and resilience, while creating value for our investors. We believe agritech is just getting started, and we look forward to supporting a new generation of entrepreneurs building a future for rural India.”

Omnivore currently manages Rs 936 crore across two funds, the most recent having closed in April 2019. Some of Omnivore’s leading portfolio companies include DeHaat, Arya, Reshamandi, Stellapps, AgNext, Bijak, Ecozen, AGRIM, Eruvaka, Pixxel, and Animall.

Subscribe To Morning Newsletters

Sign up to receive the latest news stories, exclusive interviews, and more in your inbox.

We don’t spam! Read our privacy policy for more info.

Editor's Pick

Krishna Mali
Krishna Mali
Founder, CEO & Group Editor of TechGraph.

Read More Stories

SKF Showcases Intelligent & Clean Solutions for the Textile Industry at International Textile Machinery Exhibition (ITME) 2022

SKF India, the country's leading technology and solutions provider of bearings and services will showcase innovative products and solutions...

OneRare and Cornitos: Bringing the Magic of Cornitos to the Foodverse

Cornitos is a leader in the Snack category and has always strived to give its fans and patrons the...

Chitkara University Signs MoU with NEC Corporation India to Transform Learning in the Field of AI/ML

Chitkara University announced its collaboration with NEC Corporation India, a wholly owned subsidiary of NEC Corporation, for a comprehensive...

Role of skills-based hiring in promoting inclusive economic growth in India

In recent years, India's employment landscape has experienced a profound shift, with an increasing emphasis on skills-based hiring. This...

Interview: Modernizing Field Sales Operations With Delta Sales App Director Ekta Golchha

Speaking with TechGraph, Ekta Golchha, Founder and Director of Delta Sales App underscores the app's innovative role in optimizing...

Shopalyst’s Seamless Commerce-Ad Fusion: An Interview With Girish Ramachandra

In an interview with TechGraph, Girish Ramachandra, Co-Founder & CEO of Shopalyst spoke about the innovative approach of Shopalyst's...