Omnivore Partners India Fund 2

Equity : April 2019

Omnivore Partners India Fund 2 is a Venture Capital fund that invests in start-up technology companies active in the sectors of food, agriculture, and the rural economy in India.

Amount

€ 4,367,820.00

Type of investment

Equity

Development impacts

Local economic growth
Financial inclusion
Food security & rural development

Beneficiary locations

Asia: India

Investment field

Investment Companies & Funds

Activity

SME fund

Organisation

Omnivore Partners India Fund 2

Website

http://www.omnivore.vc

Domicile

India

The Indian context is supportive of innovative solutions that address the market needs in term of rising demand for food as well as the need for technological innovation that overcomes food production challenges. Technology companies can significantly improve the lives of farmers and rural communities across India as they typically offer solutions that improve the farm productivity, reduce expenses, reduce hard labor, improve offtake, and reduce exposure to risks.

Development impacts

Local economic growth
The fund will invest in Indian start-up companies that focus on innovative food, agri-tech and the rural economy.
Financial inclusion
Omnivore Partners was a pioneer in venture capital with focus on the agri-tech industry in India.
Food security & rural development
By raising farm yields, securing better prices for farm outputs and reducing farm expenditures the fund will improve economic opportunities for farmers.

Made possible through this investment

Thanks to the direct funding from BIO, the following second-line investments have been made possible.

AgriM

India

Agrim Wholesale Private Limited (AgriM) is building a digital B2B trade platform for India’s USD 50+ billion agri-inputs industry, connecting rural retailers directly with manufacturers and providing value-added solutions for distribution, logistics, marketing, and credit.

Clover

India

Clover Ventures Private Limited (Clover) is a greenhouse agritech platform, which partners with farmers across India and markets premium quality, branded, greenhouse-grown fresh produce through B2B and B2C channels.

Arya

India

Arya Collateral Warehousing Private Limited (Arya) provides post-harvest services across the agricultural value chain, including warehousing, warehouse receipt financing, rural storage discovery, collateral management, and market linkages.

Farmley

India

Connedit Business Solutions Private Limited (Farmley) is a digital B2B marketplace for non-perishable food commodities, including nuts, seeds, dry fruits, specialty grains, and honey.

Bijak

India

Krishiacharya Technology Private Limited (Bijak) is a B2B platform that gives agricultural commodity buyers and sellers better prices, increased working capital, and optimized logistics. Bijak brings accountability and transparency into the agricultural value chain through a buyer/seller rating system, and enables traders, wholesalers, and food processors to discover new and reliable trade partners.

Fasal

India

Wolkus Technology Solutions Private Limited (Fasal) is an AI-powered IoT-SaaS platform for horticulture, which captures real-time data on growing conditions from on-farm sensors and delivers farm-specific, crop-specific actionable advisories to farmers via mobile in vernacular languages.

Aquaconnect

India

Coastal Aquaculture Research Institute Private Limited (Aquaconnect) is an AI-enabled platform that integrates Asia’s leading network for aquaculture farmers with predictive SaaS tools for farm management, and an omnichannel marketplace.

Aquaconnect is initially targeting India’s shrimp and fish farming sectors, where farmers receive support via Aquaconnect App, an AI-enabled mobile application. There is also an omnichannel marketplace allows farmers to transact with feed producers, laboratories, hatcheries, processors, exporters, certification bodies, and financial institutions

DeHaat

India

DeHaat is a technology-based platform offering end-to-end agricultural services to farmers, including distribution of high-quality agri inputs, customized farm advisory, access to financial services, and market linkages for selling their products.

TartanSense

India

Tartan Aerial Sense Tech Private Limited (TartanSense) is developing small robots for small farms, leveraging image analytics, computer vision, and machine learning linked to precision sprayers to conduct weed control, insect control, and disease control. TartanSense’s first product, BrijBot, is a weed spraying robotic solution for smallholder cotton farmers which aims to reduce spraying costs by 70%.

Intello Labs

India

Intello Labs digitizes quality across fresh produce supply chains, reducing food waste by detecting variance from specifications and matching output to needs. Intello Labs aims to become the de-facto quality platform across fruit and vegetable (F&V) value chains for trading, procurement, grading, pricing, traceability, and marketing. The company is bringing transparency and standardization to quality assessment, reducing value risk and food waste.

Agnext

India

AgNext Technologies Private Limited (AgNext) is leveraging AI, IoT, and spectrometry to revolutionize rapid quality estimation and traceability across food and agriculture value chains.

The company has developed an integrated digital platform for agriculture and food quality called “Qualix”, through which growers, food processors and supply chain stakeholders can improve their productivity, quality and profitability.