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Omnivore announced today that it has invested in eFeed, a Pune-based animal nutrition and health company 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 company plans to use the raise funds to strengthen its R&D operations, farmer network expansion, and talent acquisition.
Commenting on the fundraise, Kumar Ranjan, Co-Founder & CEO of eFeed, said, “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. By empowering farmers with localized and customized feed advisory supplemented by our premixes, eFeed is improving cattle health, milk output, and farmer incomes while lowering reliance on expensive compound feed and medicines,” he added.
Speaking on the investment in eFeed, Mark Kahn, Managing Partner of Omnivore, stated, “Omnivore is delighted to back eFeed under our OmniX Bio initiative, which seeks to blaze a path forward for agrifood life sciences in India. We are proud to support eFeed’s bold vision for revolutionizing animal nutrition and health in India.”