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India’s pioneering plant protein brand GREENEST has announced pre-seed funding from Asia’s leading alt protein VC, Better Bite Ventures, and India’s Food & Agri industry veteran, Sachid Madan. The funds will aid to expand team, product portfolio and distribution footprint. 

GREENEST, known for its Indianised and affordable range of plant protein products is the country’s first to have executed an array of B2B partnerships with leading food service players like Burgrill, Wat a Burger, Chocolate Room, Biggies Burger, Freshmenu, Eatfit et al.

The fund focuses on harnessing plant-based and cellular agriculture technologies to create climate-friendly meat, dairy, egg, and seafood alternatives that are better for people, animals, and planet.

According to Future Market Insights market report “The Plant Based Revolution: Growth Opportunities and Winning Strategies in the Global and Indian Plant based food market“, the Indian plant-based market is likely to reach US$ 400-450 Million in the next 5 years.

India's pioneering plant protein brand GREENEST has

Finance

TierraSpec will revolutionise the measurement and validation of carbon sequestration in agricultural soils

The Bayer Trendlines Ag Innovation Fund, set up by Bayer CropScience LP (Bayer) and The Trendlines Group Limited, announced the establishment of TierraSpec Limited, a new company focused on real-time remote measurement and validation of carbon sequestration in agricultural soil to allow the issue of carbon credits and soil health monitoring.

TierraSpec is developing a platform for measuring and validating carbon sequestration in agricultural soils using remote sensing, employing unique testing methods and advanced machine learning modelling. The platform will be a cost-effective tool for the validation of carbon sequestration that will allow reporting to carbon registries for issuance and sale of carbon credits.

Trendlines Agrifood Fund CEO, Nitza Kardish, PhD commented, “We believe TierraSpec will revolutionise the measurement and validation of carbon sequestration in agricultural soils. Enabling farmers to accurately report on the carbon content in their fields will give them access to the carbon credit markets and encourage a widespread move to more sustainable agricultural practices.”   

“Scalable soil measurement, reporting, and verification will be crucial in the development of a model-based soil organic carbon estimation,” said Johan Botterman, PhD, from the Open Innovation and Strategic Partnerships team for Bayer CropScience.

TierraSpec will revolutionise the measurement and validation

Agrotech, Dairy, Finance

The fund will be utilised to expand into newer geographies, scale up operations and invest in technology

Agri-fintech firm Dvara E-Dairy Solutions has raised pre-Series A funding of $2 million (around Rs 15.4 crore) from Axilor and Dvara Venture Studio, an initiative of Dvara Holdings.

The funds will be used to expand into newer geographies, scale up operations and invest in technology.

“The investment will propel us forward in our mission to enhance the livelihoods of millions of small and medium dairy farmers across the country,” said Ravi KA, CEO of Dvara E-Dairy Solutions.

The fund will be utilised to expand

Company News, Finance

The company posted a 116 per cent growth in its consolidated net profit at Rs 152 crore for fiscal 2021-22

Surat-based Anupam Rasayan India will raise funds for an aggregate amount not exceeding Rs 800 crore through the issue of equity shares by way of a qualified institution’s placement (QIP), under the relevant provisions of applicable laws and subject to the approval of the company’s shareholders and receipt of applicable regulatory approvals.

The company has posted a 116 per cent growth in its consolidated net profit at Rs 152 crore for fiscal 2021-22. The company’s revenues grew 31 per cent during the fiscal year at Rs 1,066 crore against Rs 810 crore in FY 2021. Net profit in the fourth quarter more than doubled and reached Rs 46.102 crores as against Rs 22.144 crores last year.

The company posted a 116 per cent

Agrotech, Dairy, Finance, Start ups

The total investment capital is to the tune of $28 M

FoodTech startup Imagindairy, developer of animal-free milk proteins, secured an additional $15 million in its extended seed-round. The initial round in November 2021 brought in $13 million. This brings the total investment capital to $28 million, making it one of the highest-earning seed rounds in the alternative protein space.

The funding was led by Target Global and joined by the company’s existing investors Strauss Group, Emerald Technology Ventures, Green Circle Foodtech Ventures, Collaborative Fund, New Climate Ventures, and FoodSparks by PeakBridge, demonstrating a robust commitment to the company’s future progress.

“This extremely successful seed round reflects a strong vote of confidence in Imagindairy and its vision to lead the animal-free dairy industry,” enthuses Eyal Afergan, Co-Founder and CEO, Imagindairy. “This substantial injection of capital will serve to advance our ability to make true dairy alternative products a day-to-day reality.”

The funds raised in this seed round will be used to accelerate the company’s R&D efforts to launch a range of real dairy products without using animals. It also will help attract additional talent to its expanding workforce. Imagindairy is currently in dialogue with major dairy food producers seeking to diversify their product portfolios.

The total investment capital is to the

Agrotech, Finance, Start ups

The funds will be used to digitise wholesale commodity trading

Poshn, a platform for wholesale processed commodity distribution & financing has raised Rs 28.8 crore in seed funding, led by Prime Venture Partners and participation from Zephyr Peacock. Poshn provides a seamless and efficient procurement platform especially for bulk processed commodities in a highly fragmented agri supply chain market.

The startup has partnered with 100+ wholesalers across ecommerce, modern trade, general trade and has seen an aggressive adoption from across the supply chain. Poshn has reported a 20X growth in the last eight months and aims to grow at 25 per cent MoM over the next one year. The startup will use the fresh capital to aggressively grow and hire across tech and business functions.

The funds will be used to digitise

Agrotech, Finance

The funds will be utilised in research activities and to strengthen GROWiT App

Surat-based protective farming agritech platform GROWiT has raised Rs 3 crores in seed funding through a close network of investors. The round was led by Mehul Shah from IVY Growth. Coppermint, Gaurav Singhvi (Co-founder, WFC), Rajeev Goel (Sagar Life Sciences), Sunay Shah (Mahati Electrics), Rohan Desai (CEO, Triumph Capital), and Mukul Goyal (Tapi Capital) are some of the investors that joined in the round.

The platform plans to make use of these funds by investing in its research and marketing processes that will ultimately enable GROWiT in expanding its customer base and produce standard quality cost-effective protective farming materials and products. The fund will also be utilised for strengthening the GROWiT App, which is designed to assist farmers with a better understanding of protective farming practices and products.

The funds will be utilised in research

Agrotech, Dairy, Finance, Start ups, Supply Chain

The fund will be utilised by Stellapps to develop advanced technologies to transform the agri supply chain

Stellapps has raised an undisclosed amount from IDH FarmFit, which is the funds’ first equity investment in India. Stellapps, an end-to-end dairy technology solutions provider, and IDH Farmfit Fund have entered into a first-of-its-kind partnership as a result of this investment.

Stellapps is challenging the status quo of India’s dairy ecosystem through its tech-first, platform-based dairy supply chain services. The increasing milk demand and the huge untapped potential for milk production offer ample opportunities for continuous growth for Stellapps.

The dairy tech startup is creating a digital highway and access network to enable the delivery of value-added services like credit, insurance, extension, agri-inputs, etc. Women constitute 83 per cent of dairy farmers in India. Stellapps has committed to promoting female leadership throughout the dairy value chain as it expands its reach in India.

The fund will be utilised by Stellapps

Finance

The funding brings total equity investment to $25 million

The Green Coffee Company (GCC), a Legacy Group portfolio company, fully funded its Series B funding round, which the company recently upsized by $3.5 million due to high demand to $13.2 million. There are currently over 220 individual investors in the business with its accredited investor base rapidly accelerating.

As the Green Coffee company looks towards the future, the focus will be on solidifying its position as the #1 largest coffee producer in all of Colombia. The path to a successful exit for the company has become more clear as it has navigated through this capital raise. The GCC used this investment to double its farms to 4,700 acres – becoming the #2 largest coffee producer in Colombia – and to become the most technologically-advanced coffee producer in Colombia and, we believe, globally.

The $3.5 million upsize to the original $9.6 million Series B was funded in just three weeks by the company’s accredited investor base. Over the past six months, the company has welcomed dozens of investors and supporters of the business to its farms in Salgar, Colombia to see its progress first-hand. The GCC has inaugurated the first of two new world-class coffee processing facilities, with the second expected to come online in Q1 2022.

The Green Coffee Company is a consolidated coffee farming operation headquartered in the US with operations based in Medellin, Colombia. The company’s innovative business model allows for complete control of the supply chain: from cultivation, through processing, to direct trade with end clients. GCC’s holistic approach to the coffee sector and commitment to best environmental practices not only establishes the long-term profitability and sustainability of the business but also improves the quality of the coffee produced on the farms.

The funding brings total equity investment to

Agrotech, Finance

Round led by Asia Impact & Lightrock India, Quona Capital and US International Development Finance Corporation among others

Arya, India’s largest integrated grain commerce platform, announced the close of its Series C round, having raised $60 million in a mix of equity and debt. The equity round was led by Asia Impact, Lightrock India and Quona Capital. The agritech platform also raised debt financing from the US International Development Finance Corporation (DFC) among others.

Chattanathan Devarajan, Co-founder, Arya said, “The funding round will help us gain market share for our core offerings and add more services to consolidate our position as India’s most trusted platform in agriculture. We believe that these partnerships, old and new, are an endorsement of Arya’s strength to drive penetration and lead transformation within the sector.”

Matteo Pusineri, director of Asia Impact SA. “Arya will help accomplish Asia Impact’s vision to integrate rural under-served farming communities across Asia to markets at scale. We are confident that Arya, under the leadership of Prasanna Rao, Anand Chandra and Chattanathan Devarajan, will greatly contribute to a unique ecosystem supporting the sustainable growth story of rural India.”

Round led by Asia Impact & Lightrock

Finance

OmniX Bio will provide venture funding, mentorship from global agrifood life sciences leaders, institutional partnerships and business development support to access domestic and export sales channels  

Omnivore announced today the launch of its OmniX Bio initiative to back early stage agrifood life science startups. The program will support Indian entrepreneurs who are working in agricultural biotechnology, novel farming systems, bioenergy and biomaterials, as well as innovative foods, including alternative protein. 

 Agrifood life sciences can play a critical role in tackling both climate mitigation (reducing India’s GHG emissions) and climate adaptation (securing a future for India’s farmers), as well as other agricultural sustainability challenges. 

OmniX Bio will provide venture funding, mentorship from global agrifood life sciences leaders, institutional partnerships, and business development support to access domestic and export sales channels. While all members of the Omnivore team will support OmniX Bio, a PhD life scientist will join the investment team in 2022 to oversee the initiative and help develop the agrifood life sciences ecosystem across India.

 Omnivore also disclosed the first investment under the OmniX Bio initiative: BioPrime, which is developing biological crop inputs that enhance yields without harming the environment or the health of farmers and consumers.  The BioPrime team has spent the past few years building SNIPR (Smart Nanomolecules Induced Physiological Response) and BIONEXUS. SNIPR is a discovery platform which identifies innate immunity or natural defence mechanisms in plants, curates unique traits, and delivers tailored crop input formulations. BIONEXUS is India’s largest trait modifying, plant-associated microbe collection. Changes in the diversity of microbiota can confer plants acquired traits like drought tolerance, disease resistance, and enhanced yields, to name a few.

Renuka Diwan, Co-Founder and CEO of BioPrime, said, “At BioPrime we are focusing on discovering fundamental aspects of plant communication, identifying new biomolecules and new modes of modulating plant responses. SNIPR and BIONEXUS enable BioPrime to develop new biologicals and radically improve existing products at a fraction of cost and time.”

Mark Kahn, Managing Partner of Omnivore, commented, “We are excited to launch OmniX Bio to help reboot the agrifood life sciences ecosystem in India. Technological advances in this space can effectively solve some of the toughest challenges in Indian agriculture. We hope to see more entrepreneurs like the BioPrime team step up to the challenge and help change the course of Indian agriculture for the better.”

OmniX Bio will provide venture funding, mentorship

Supply Chain, Warehousing

The fund will generate superior risk-adjusted returns by investing in high-quality Grade-A warehousing and logistics opportunities

Landmark Capital has launched Landmark Warehousing & Logistics Fund. The fund is targeting a corpus of Rs 500 crore, including a green-shoe option of Rs 200 crore. The fund is targeting investment in Grade-A assets with 60 per cent in warehousing and 40 per cent in other industrial assets across key markets Mumbai, Kolkata, Bengaluru, NCR and Chennai. 

The fund is launched to generate superior risk-adjusted returns by investing in high-quality Grade-A warehousing and logistics opportunities. Landmark Capital is focusing on non-speculative built-to-suit assets and diversification across geographies to ensure effective risk mitigation. The fund’s deal pipeline accounts for over 400 acres of land with marquee names as potential anchor tenants.

The fund will generate superior risk-adjusted returns