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

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.

View more of our investments in this region

Incofin India Progress Fund

Investment Companies & Funds

Incofin India Progress Fund

  5,000,000.00

  India

  22/07/2021

  Equity

European Financing Partners S.A.

Investment Companies & Funds

European Financing Partners S.A.

  15,000,000.00

  India, Kenya, Nigeria, Senegal, Tanzania, Zambia

  22/12/2020

  Debt

The Currency Exchange Fund n.v.

Financial Institutions

The Currency Exchange Fund n.v.

  7,091,000.00

  Bangladesh, Cambodia, India, Indonesia, Myanmar, Nepal, Pakistan, Philippines, Sri Lanka, Vietnam, Bolivia, Brazil, Colombia, Dominican Republic, Ecuador, El Salvador, Guatemala, Honduras, Nicaragua, Paraguay, Peru, Algeria, Egypt, Iraq, Jordan, Lebanon, Morocco, Syria, Tunisia, Palestinian Territories, Benin, Burkina Faso, Burundi, Cameroon, Côte d'Ivoire, Democratic Republic of Congo, Ethiopia, Ghana, Guinea, Kenya, Madagascar, Malawi, Mali, Mozambique, Niger, Nigeria, Rwanda, Senegal, South Africa, Tanzania, Uganda, Zambia

  05/09/2007

  Equity

European Financing Partners S.A.

Investment Companies & Funds

European Financing Partners S.A.

  5,000,000.00

  India, Kenya, Nigeria, Senegal, Tanzania, Zambia

  08/12/2010

  Debt

Interact Climate Change Facility

Investment Companies & Funds

Interact Climate Change Facility

  6,000.00

  India, Mongolia, Honduras, Côte d'Ivoire, Ghana

  23/02/2011

  Equity

Interact Climate Change Facility

Investment Companies & Funds

Interact Climate Change Facility

  10,000,000.00

  India, Mongolia, Honduras, Côte d'Ivoire, Ghana

  23/02/2011

  Debt

Kaizen Private Equity II

Investment Companies & Funds

Kaizen Private Equity II

  300,000.00

  India, Philippines, Vietnam

  08/12/2020

  Subsidy

Berkeley Energy Wind Mauritius Ltd.

Infrastructure

Berkeley Energy Wind Mauritius Ltd.

  1,000,000.00

  India

  09/06/2015

  Debt

European Financing Partners S.A.

Investment Companies & Funds

European Financing Partners S.A.

  6,000.00

  India, Kenya, Nigeria, Senegal, Tanzania, Zambia

  21/11/2003

  Equity

AgRIF Coöperatief U.A.

Investment Companies & Funds

AgRIF Coöperatief U.A.

  105,000.00

  Cambodia, India, Mongolia, Myanmar, Bolivia, Colombia, Ecuador, Guatemala, Honduras, Nicaragua, Peru, Burkina Faso, Côte d'Ivoire, Kenya, Senegal

  11/09/2018

  Subsidy

AgRIF Coöperatief U.A.

Investment Companies & Funds

AgRIF Coöperatief U.A.

  5,438,332.50

  Cambodia, India, Mongolia, Myanmar, Bolivia, Colombia, Ecuador, Guatemala, Honduras, Nicaragua, Peru, Burkina Faso, Côte d'Ivoire, Kenya, Senegal

  18/06/2015

  Equity

Utkarsh Microfinance Pvt Ltd

Financial Institutions

Utkarsh Microfinance Pvt Ltd

  3,625,555.00

  India

  25/03/2015

  Debt

KF Bioplants

Enterprises

KF Bioplants

  2,100,000.00

  India

  16/12/2014

  Debt

BTS India Private Equity Fund Ltd.

Investment Companies & Funds

BTS India Private Equity Fund Ltd.

  3,557,000.00

  India

  23/06/2006

  Equity

Rajasthan Sun Technique Energy Private Limited

Infrastructure

Rajasthan Sun Technique Energy Private Limited

  15,461,000.00

  India

  18/09/2012

  Debt

Ventureast Proactive Fund II

Investment Companies & Funds

Ventureast Proactive Fund II

  4,300,000.00

  India

  06/11/2017

  Equity

Annapurna Microfinance Pvt. Ltd

Financial Institutions

Annapurna Microfinance Pvt. Ltd

  1,942,313.00

  India

  27/06/2017

  Equity

Annapurna Microfinance Pvt. Ltd

Financial Institutions

Annapurna Microfinance Pvt. Ltd

  3,459,250.00

  India

  19/03/2014

  Equity

Berkeley Energy Wind Mauritius Ltd.

Infrastructure

Berkeley Energy Wind Mauritius Ltd.

  3,000,000.00

  India

  27/06/2011

  Equity

Srei Equipment Finance Private Limited

Financial Institutions

Srei Equipment Finance Private Limited

  8,808,720.00

  India

  26/02/2019

  Debt

Renewable Energy Asia Fund II

Investment Companies & Funds

Renewable Energy Asia Fund II

  8,900,000.00

  India, Indonesia, Philippines

  03/10/2016

  Equity

Renewable Energy Asia Fund

Investment Companies & Funds

Renewable Energy Asia Fund

  6,000,000.00

  India, Philippines

  09/12/2009

  Equity

South Asia Clean Energy Fund

Investment Companies & Funds

South Asia Clean Energy Fund

  3,744,000.00

  India

  11/11/2010

  Equity

Ventureast Proactive Fund I

Investment Companies & Funds

Ventureast Proactive Fund I

  3,632,000.00

  India

  07/02/2008

  Equity

South Asia Growth Fund II

Investment Companies & Funds

South Asia Growth Fund II

  2,000,000.00

  Bangladesh, India

  23/12/2020

  Equity

South Asia Growth Fund II

Investment Companies & Funds

South Asia Growth Fund II

  8,700,000.00

  Bangladesh, India

  10/05/2019

  Equity

Kaizen Private Equity II

Investment Companies & Funds

Kaizen Private Equity II

  8,338,200.00

  India

  12/11/2018

  Equity

Srei Equipment Finance Private Limited

Financial Institutions

Srei Equipment Finance Private Limited

  5,000,000.00

  India

  21/08/2002

  Debt