OMNIVORE
Sid’s Farm raises $10 million in funding led by Omnivore
Venture fund Omnivore and family office of Ambuja Cements founder Narotam Sekhsaria lead funding round. The funds will be utilised to enhance Sid's Farm market presence in Bengaluru and Hyderabad. The firm claims serving over 25,000 customers across these two states.
ETtech Deals Digest: Pocket FM sweeps 46% of startup funding this week
The latest week’s number was a 67% drop from the year-ago total of $670 million. During the same period last year – March 16th to 22, 2023 – omnichannel eyewear retailer Lenskart had raised $500 million from Abu Dhabi Investment Authority in exchange for a 10% stake.
Easemytrip founder’s new lending venture Optimo Loan secures $10 million in funding
Optimo Loan secures $10M from Blume, Omnivore, and Pitti to bridge India's $530B MSME credit gap. Using tech and co-lending, the startup aims to help small businesses. Easemytrip founder Pitti spearheads the venture.
Climate tech startup Sprih raises $3 million in funding round led by Leo Capital
Sprih raised $3 million for global expansion and aims for 40-50 customers with a revenue target of $6-7 million. Customers include Indigo Paints and Hero MotoCorp. Varaha raised $8.7 million in funding led by RTP Global.
Climate-tech startup Varaha raises $8.7 million in funding round led by RTP Global
Climate-tech startup Varaha raises $8.7 million in funding led by RTP Global, with participation from Omnivore, Orios Venture Partners, and Norinchukin Bank. Varaha focuses on reducing carbon emissions in India's agricultural sector and aims to expand globally, helping farmers through regenerative agriculture practices.
Agri-focussed fintech Ayekart secures $6.5 million in equity funding from Omnivore, others
Agritech financing startup Ayekart raised $6.5M in series A round led by Omnivore, Siana Capital, and Unleash Capital Partners. Ayekart aims to expand operations, serve more FPOs, and has facilitated over 2.5 lakh transactions with a value of Rs 2,100 crore.
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Agritech firms expect budget to open up opportunities for them
The government will promote investment in post-harvest activities including aggregation, modern storage, efficient supply chains, primary and secondary processing and marketing and branding, finance minister Nirmala Sitharaman said.
Agritech startup Fasal raises $12 million in funding led by TDK Ventures, British International Investment
The Bengaluru-headquartered startup works with horticulture farmers by providing them patented Internet-of-Things-crop intelligence technology over 75,000 acres
Insurance Broking Platform Finhaat Raises $3 million in funding from Omnivore, others
The Mumbai-based startup works with over 60 institutions like banks, credit societies, non-governmental organisations and self-help groups to distribute insurance to the last mile.
Snacking brand Farmley raises Rs 56 crore in funding from BC Jindal Group, others
Farmley cofounder Akash Sharma said the company registered a revenue of around Rs 150 crore in the financial year 2023 and has now touched an annual recurring revenue of Rs 300 crore.
ETtech Deals Digest: Boosted by investment in Sarvam AI, Indian startups raise $108 million this week
Investment in startups fell 79% in the December 4-8 week, from $514 million across 38 funding rounds in the same period a year ago. Sequentially, however, funding activity saw a surge of 81%, compared to $59 million raised across 18 rounds, last week.
Dairy fintech startup Digivriddhi raises $6 million in funding led by Omidyar Network India
Founded in 2019 by Ragavan Venkatesan, DGV provides dairy farmers and micro-enterprises access to institutional credit. It plans to use the funds to expand its reach and drive technological innovation.
Sustainable packaging maker Fibmold raises $10 million in funding from Omnivore, Accel
The startup is currently developing eco-friendly, molded fibre packaging products that mimic the functionality of rigid plastics, it claimed in a statement.
Agri-inputs ecommerce startup BharatAgri raises $4 million in funding round led by Arkam Ventures
BharatAgri, an advisory-led farming inputs e-commerce platform, has raised $4.3 million in a Series A funding round led by Arkam Ventures. The funds will be used to expand BharatAgri's platform to new areas and improve its last-mile delivery. The company offers smart farming advisory services and an e-commerce platform with over 10,000 agricultural products.
Biomaterials startup altM raises $3.5 million in funding led by Omnivore
altM is Omnivore’s first investment from its third fund, which in June had its first close at $150 million. It is also the firm’s fourth investment under its OmniX Bio initiative, which was setup in 2021 to back early-stage agrifood life science startups.
Omnivore raises $150 million for third fund; will invest in 30 startups
With this, Bengaluru-based Omnivore Agritech & Climate Sustainability Fund expects to make 25-30 new investments in seed and series A rounds of agritech startups and micro, small and medium enterprises, with initial cheque sizes ranging between $1 million and $5 million.
Upstream agritech funding climbs 50%, likely to retain growth: report
Upstream in this context refers to the production side of the agri-supply chain, whereas downstream is the other end, where products are made and delivered.
Krishify surpasses 1 crore app downloads on their farmer-centric social network
The social network started off as a basic application with crops related Q&A and media features to share content pertaining to agriculture and ancillary activities.
BioPrime Agrisolutions, raises Rs 9 crore in a Pre-Series A round led by Inflexor Ventures
The company aims to utilise the funds for their SNIPR Biologicals registrations, advancing the discovery platform, building a strong IP portfolio, increasing production capabilities, and expansion.
Agri startup Arya.ag expects fourfold jump in revenue at $175 m this fiscal
The company has so far received USD 65 million in external equity capital from investors like the Bengaluru-based fund Lightrock, the Washington-DC-based fund Quona, Mumbai-based Omnivore and Asia Impact Fund
B2B food processing startup Suite42 raises $4.3 million in funding led by Omnivore, Orios
Suite42 plans to use the funding for talent acquisition, developing the ‘Suite42 Standard’ in the food processing ecosystem, launching raw material financing, and piloting cross-border trade (exports).
Agritech VC firm Omnivore sets up new $130 million fund
This is the third fund by the investor and is expected to close the new fund by September 2022. With this fund the investment firm expects to fund 25-30 new start-ups in the next four years. The venture capital firm generally makes investments in seed rounds, pre-series A, and series A rounds with follow-on capital for future growth.
Agrim raises $10 million in funding led by Kalaari Capital, Axis Bank
The startup plans to use this funding for talent acquisition, embedded fintech product development, and scaling up operations.
Dairy-focused neobank DGV gets $3.1 million in first institutional funding
Digivriddhi Technologies (DGV) — a dairy-focused neobanking startup — will use the funding from Info Edge Ventures and Omnivore, for expanding its network from 80 locations at present to 500 by the end of the current fiscal.
Agri startup Onato raises $2.2 million led by Vertex Ventures
The Bengaluru-based company, which was in stealth mode, is building a technology platform for India's $100 billion fruits and vegetables (F&V) industry.
Agritech startup BharatAgri raises $6.5 million from Omnivore, India Quotient
The Bengaluru-based startup intends to use this Series A funding to expand its subscriber base beyond Maharashtra and Madhya Pradesh, accelerate the growth of its inputs marketplace, and refine the existing technology offering.
TartanSense raises $5 million from FMC, Omnivore and Blume Ventures
Founded in 2015 by Jaisimha Rao, agritech startup TartanSense builds small agricultural robots, equipped with artificial intelligence-assisted computer vision, to help small farms reduce their expenditures and improve their incomes.
Agritech startup Digicides in talks to raise $2.5-3 million seed funding
Digicides is a rural-first content platform using which organisations send farmers agriculture-related information via text messages, WhatsApp and phone calls.
Reshamandi raises $1.7 million in seed funding
The funds will be used to strengthen their digital platform and expand beyond Karnataka, establishing a presence in other important Indian silk hubs such as Maharashtra and Tamil Nadu.
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