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Finance

Parag Milk Foods to set major fundraise in motion with Sixth Sense Ventures, World Bank’s IFC

The company plans to raise a total of Rs 316 crore. IFC and Sixth Sense Venture Advisors, will invest Rs 155 crore and Rs 50 crore, respectively Parag Milk Foods…

Sonalika continues domestic growth streak with 41.6% rise in FY’21  

Sonalika has recorded its highest ever annual sales of 1, 39,526 tractors in FY’21   After consistently achieving records of excellence month after month in FY’21, Sonalika Tractors has recorded…

ADAMA Ltd records robust Q4 FY2020 growth

Sales grew 10.2% to an all-time Q4 record-high of $1,141 million   ADAMA Ltd. has reported its financial results for the fourth quarter and the full-year period ended December 31,…

Silk supply chain platform ReshaMandi raises $1.7Mn in seed funding

Company plans to use the funding to strengthen its digital platform and expand in other important Indian silk like Maharashtra and Tamil Nadu.    ReshaMandi, an agritech startup digitizing India’s…

Aquaconnect, Alliance Insurance Brokers jointly launches an insurance program for shrimp farmers  

This partnership will benefit 1.5 Lakh shrimp farmers across India.        The aquaculture tech pioneer ‘Aquaconnect’ has partnered with India’s leading insurance service providers ‘Alliance Insurance Brokers’ for…

Agri-food industry contributes over US$717 Bn to Southeast Asian economy: Oxford Economics  

Ongoing pandemic, supply and demand risks and fiscal risks can disrupt the region’s post-COVID-19 economic recovery          Southeast Asia’s agri-food remains critical to the region’s economy and…

BASF invests in biotechnology start-up Bota Bio

Bota Bio’s next-generation industrial biology platform is a combination of computation and cutting-edge biotechnology BASF Venture Capital (BVC) has invested in Bota Biosciences, Ltd. (Bota Bio), an industrial synthetic biotech…

Dole Asia Holdings launches Sunshine for All Fund in India  

A $2 million annual fund will support global strategic partnerships and innovation in the crucial areas of sustainability, food access and reduction of food waste.   Dole Asia Holdings and…

Aquaconnect, Bank of Baroda partner to extend credit to fish & shrimp farmers  

Under this partnership, Bank of Baroda has extended loan for up to 10 lacs under KCC scheme and fisheries loan    The aquaculture tech pioneer ‘Aquaconnect’ has partnered with Bank…

CDPQ, S2G invest $125 Mn in Benson Hill to advance Climate Solutions in agriculture

Investment by CDPQ and S2G supports Benson Hill’s technology and sustainability-focused approach   Benson Hill, a food tech company unlocking the natural genetic diversity of plants with its cutting-edge food…

Omnivore listed on ImpactAssets’ online database ’IA 50 Impact Fund’

The IA 50 is the first publicly available database made up of private debt and equity impact investing fund managers across a wide range of geographies and impact areas of…

Mahindra & Mahindra Feb tractor sales chart reflects 24% growth

Total tractor sales during February 2021 were at 28,146 units, as against 22,561 units for the same period last year Mahindra & Mahindra Ltd.’s Farm Equipment Sector (FES), a part…

Omnivore, India Quotient and Accion Venture Lab infuse $2M into AGRIM seed funding round

AGRIM will create tremendous value for India’s agricultural economy and its 130 million smallholder farmers   AGRIM, a B2B marketplace for agri-inputs, announced on March 4, that it had raised…

CNH Industrial’s minority investment in Monarch Tractor to accelerate autonomy and electrification in agri industry

It will enable agribusinesses to realize profitable zero-emission farming.   CNH Industrial has announced that it has completed its minority investment in Monarch Tractor, a US-based agricultural technology company, which…

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