Agritech firm INI Farms raises $1.95M from Aavishkaar Capital
Agritech firm INI Farms has secured funding worth $1.95 million from Aavishkaar Capital’s ESG First Fund. This is the first investment from Aavishkaar Capital’s $250 million fund focused on environmental, social and governance outcomes.
Founded in 2009 by Purnima and Pankaj Khandelwal, INI Farms exports fruit and vegetable crops across India including contract farming, aggregation, supply chain management, and are serving food retailers globally. NI Farms is working closely together with AgroStar to build a digital farmer network with over 5 million users, and a retail network of more than 2,000 stores.
“This investment will provide us with a great opportunity to grow multi-fold with expansion into the entire agriculture output business and leveraging our strong supply chain capabilities,” Purnima Khandelwal, CEO and Co-founder, INI Farms said.
Founded in 2009 by Purnima and Pankaj Khandelwal, INI Farms exports fruit and vegetable crops across India including contract farming, aggregation, supply chain management, and are serving food retailers globally. NI Farms is working closely together with AgroStar to build a digital farmer network with over 5 million users, and a retail network of more than 2,000 stores.
“This investment will provide us with a great opportunity to grow multi-fold with expansion into the entire agriculture output business and leveraging our strong supply chain capabilities,” Purnima Khandelwal, CEO and Co-founder, INI Farms said.
Read full story – Click here
