By December-end, agritech-focused venture capital investor Omnivore is likely to invest nearly Rs 140 crore in early-stage impact startups in the agtech space.
Last year, Mumbai-headquartered impact venture fund invested Rs 47 crore in agri-tech startups, Economic Times reported.
“This space has been gearing up to take off with better agri-tech startups and better founders. There has been more and more investor interest and growing farmer and ecosystem adoption. The pandemic catalysed a number of things that have created tailwinds for the agri-tech sector,” Omnivore’s managing partner Mark Kahn said.
Founded in 2010 by Jinesh Shah and Mark Kahn, Omnivore is primarily focused on the agritech space in India, including Indian startups developing cutting-edge and latest technologies for food and agriculture.