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HomePosts Tagged "Yara Growth Ventures"
Agrotech, Company News, Finance, India, Start ups

Investment will help Yara Growth ventures to identify potential disruptors in industry for collaboration and joint experimentation.

Yara Growth Ventures has invested in the Omnivore Agritech & Climate Sustainability Fund, which announced its first close at USD 150 million. Omnivore funds agri-food tech startups across India and Southeast Asia. Co-investors alongside Yara Growth Ventures include sovereign wealth funds, development finance institutions, foundations, family offices, and other corporate strategic investors.

“Our close relationship with Omnivore will help us identify potential disruptors in our industry for collaboration and joint experimentation,” adds Sanjiv Kanwar, Country Manager for Yara India. “Yara is eager to collaborate for innovative agricultural inputs and digital solutions to bring novel solutions to our customers.”

According to Jinesh Shah, Managing Partner at Omnivore, “Our new fund will have a sharper focus on catalysing climate action in agriculture by funding startups addressing climate mitigation and climate adaptation. We are grateful to our investors who share Omnivore’s vision of making India an agri-tech superpower and improving the lives of smallholder farmers globally.”

“The startup ecosystem in India is highly dynamic. We see great entrepreneurial talent addressing the resilience and environmental impact of the agri-food sector and various challenges in the supply chains,” says Dr Björn Heinz, Investment Director at Yara Growth Ventures. “Omnivore has been a trailblazer in the Indian agri-tech venture capital investment scene. Partnering with their team will help us gather important insights and learnings as we develop our activities in Asia.”

Omnivore was founded in 2011 by Mark Kahn and Jinesh Shah to fund Indian startups building the future of agriculture and food systems. Omnivore pioneered agri-tech investing in India, and over the past decade has backed over 40 startups which are making farming more profitable, resilient, sustainable, and climate-proof. Omnivore raised USD 82 million for its second fund, which had a final close in April 2019. Some of Omnivore’s portfolio companies include DeHaat, Arya, Stellapps, Reshamandi, Ecozen, Aquaconnect, and Pixxel.

Investment will help Yara Growth ventures to

Agrotech, Finance, India

New investors include GMO Venture Partners, and DG Daiwa Ventures who join existing investors such as Blume, Arkam Ventures, Mirae Asset and Snow Leopard Ventures.

Jai Kisan is a leading financial services provider to rural Indian farmers and retailers. The company focuses on enabling more transparent and attractive financing along the agriculture value chain with its buy-now, pay-later and supply chain financing offerings.

Founded by Arjun Ahluwalia and Adriel Maniego in 2017, Jai Kisan has grown into a critical part of India’s agriculture ecosystem by providing financing to both agriculture retailers and farmers. Since its founding, Jai Kisan has expanded its services to include supply chain financing and buy-now, pay-later offerings.

“We were immediately struck by the opportunity that Jai Kisan has to help enable better financing to rural Indians,” says George Roche of the Yara Growth Ventures team. “Better credit access can help micro, small, and medium enterprises (MSMEs) grow their businesses, while helping growers afford products which will improve their yield and quality.”

The Yara Growth Ventures team has been impressed with the professionalism and passion of the Jai Kisan team. They have a clear plan of action for how to deliver value to their customers by creating a strong fly-wheel – starting with a free software tool for MSMEs to better run their businesses, all the way to financing for the MSMEs and their customers directly.

“We are proud to have come thus far in this journey of revolutionizing financial services for rural India,” says Arjun Ahluwalia, co-founder and CEO of Jai Kisan. “It is due to the strong support of our network of customers and partners, and our extremely resilient team that we have been able to launch and scale such ground-breaking solutions. We are grateful for the faith that our investors, lenders and other stakeholders have shown, and continue to show in our vision. We will continue to build on the back of this support and create impact in this underserved space, leveraging creative new age solutions and keeping customer experience at the core of our beliefs.”

New investors include Yara Growth Ventures, GMO Venture Partners, and DG Daiwa Ventures who join existing investors such as Blume, Arkam Ventures, Mirae Asset, Snow Leopard Ventures, and others. Northern Arc, Alteria and MAS Financial contributed to the debt raise.

New investors include GMO Venture Partners, and