Agritrade

Venture capital Omnivore announces first close of 3rd fund at $150 mn

Venture capital firm Omnivore on Wednesday announced the first close of its third fund for agri-tech and climate sustainability at USD 150 million. Investors of the first close include KfW, 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. "We are pleased to announce the first close of the Omnivore Agritech and Climate Sustainability Fund at USD 150 million," Omnivore, Managing Partner, Mark Kahn said in a statement. The Omnivore Agritech & Climate Sustainability Fund was launched in April 2022 with a focus on startups developing breakthrough technologies for agriculture, food, climate and the rural economy. Omnivore expects to make 25-30 new investments in Seed and Series A rounds of agritech startups and

Rs 250 cr agriculture fund launched in Assam to boost agribusiness

A Rs 250 crore fund has been created in Assam by multiple stakeholders, including World Bank, to promote small and medium units in the agriculture sector, officials said on Tuesday. Venture capital fund Caspian Impact Investment Adviser said it has joined hands with the Assam Rural Infrastructure and Agricultural Services (ARIAS) Society to roll out the agribusiness investment firm. The Hyderabad-based company said that according to the agreement, ARIAS will be the nodal agency for establishing and implementing a contributory and determinate investment trust -- the Assam Agribusiness Investment Fund (AAIF). "With a corpus of Rs 250 crore, AAIF is a unique sector-specific fund, focusing on boosting agricultural productivity and employment generation in the state. It will mainly invest in small and medium enterprises in the agribusiness and allied sectors to achieve accelerated growth," it said in a statement. ARIAS is designated as the anchor investor for the AAIF, which will be ...

Indian business delegation to visit Russia to explore agri exports

The exporters expect to sign deals for selling a wide range of products including tea, sugar, coffee, dairy, meat, and marine products, the official said

Farmers crowd swell at 'seed counter' on first day of Pusa agri-mela

Hundreds of farmers, who thronged to the famous 'Krishi Vigyan Mela' held at the Pusa campus here on Thursday, had to face a lot of inconvenience while buying seeds and complained about poor management by the organiser IARI. The rush for buying seeds was so much that the Delhi Police had to intervene to control the crowd. The seed counter was also well guarded by security personnel to avoid commotion. The three-day annual 'Pusa Krishi Vigyan Mela', organised by the Indian Agricultural Research Institute (IARI), was inaugurated by Agriculture Minister Narendra Singh Tomar on Thursday. The sale of seeds developed by IARI has always been the main attraction of the mela and farmers from states like Uttar Pradesh, Rajasthan, Haryana, Punjab and Bihar travel long distances just to buy the "quality Pusa seeds". A huge counter has been set up for sale of seeds at mela, where IARI plans to sell paddy seeds, including basmati rice varieties as well as moong till March 4. On the first day of

Centre warns of CBI, EoW action against post-dated wheat export LCs

Action against complicit banks also on the anvil

Agritrade acquires SKS Power Generation in Rs 21.7 bn one time settlement

The settlement is for all the outstanding debt to State Bank of India, L&T Infrastructure Finance Company Limited and PTC (India) Financial Services