The combined entity will foray into growing its export business with multiple crops and new regions
AgroStar has acquired Mumbai-based INI Farms, exporters of F&V crops like bananas and pomegranates from India. AgroStar has acquired 100 per cent of INI Farms through a combination of cash and stock. Through this acquisition, AgroStar will provide additional value to its large network of farmers by making their products available to quality-conscious consumers around the globe. This acquisition provides a scaled presence to AgroStar in the USD 300B+ agri output market.
Following this acquisition, AgroStar will provide market linkage solutions for the domestic and export markets to its large network of farmers. In addition, INI Farms’ customer base of global retailers will get access to a wider basket of F&V products. AgroStar will also provide access to great quality inputs, tech-based farm interventions and solutions designed to increase yields to INI Farms’ network of farmers across multiple states. Pankaj and Purnima along with the entire INI Farms team will continue to operate and scale the’ Kimaye’ brand across more countries and many more crops.
