VC Firm Omnivore Launches $130 Million Fund To Back Agritech, Climate Sustainability Startups
Omnivore, an agritech-focussed venture capital firm, has announced the launch of its third fund, with a target corpus of $ 130 million (Rs 1000 crore).
As per the VC firm, through this newly announced fund, it will continue to invest in early-stage startups developing breakthrough technologies for agriculture, food, climate, and the rural economy. Additionally, Omnivore expects to make 25 to 30 new investments over the next four years with this new fund and continue to fund entrepreneurs building the future of Indian agriculture and food systems.
Omnivore | Building The Future Of Agriculture And Food Systems
Originally founded by Jinesh Shah and Mark Kahn in 2010, Omnivore funds entrepreneurs building the future of agriculture and food systems.
The venture capital firm has pioneered agritech investing in India and, over the past decade, has backed over 35 startups that are making farming more profitable, sustainable, resilient, and climate-proof.
Speaking about 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.”
Earlier this year, Omnivore launched a programme called the OmniX Bio initiative to provide additional support to agri-food life science startups.
Currently, the agritech-focussed venture capital firm manages Rs 936 crore across two funds. Omnivore’s leading portfolio includes startups like Reshamandi, DeHaat, Bijak, Arya, AGRIM, Stellapps, AgNext, Ecozen, Animall, Eruvaka, and Pixxel.
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