PE Fund Investments
Agri supply chain co Absolute Foods raises $100-M from Sequoia, Tiger Global, Alpha Wave
Delhi-based farming and supply chain startup Absolute Foods has raised USD 100 million across funding rounds from Sequoia Capital India, Alpha Wave Global and Tiger Global. The company claims to have been valued at USD 500 million. Last year, Absolute Foods had raised USD 2 million from Surge, Sequoia Capital's incubation programme, and two angel investors: Nadir Godrej and Sanjiv Rangrass. The company will use the funds to bolster its three core platforms: bioscience research platform, universal Farm OS, and global trade platform. Founded in 2016 by Agam Khare, Prateek Rawat and Samder Singh, Absolute Foods is a player in the whole cycle of agricultural produce, from seed to harvest. It claims to serve fresh produce in 10 countries.
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