Fund News

Agri-tech focused VC firm Omnivore launches third fund targeting $130-M

MoneyControl  

Mumbai-based venture capital firm Omnivore has launched its third fund with a target corpus of USD 130 million. The VC firm aims to use the raised funds to invest in early-stage startups developing technologies for agriculture, food, and the rural economy. Omnivore expects to make 25 to 30 new investments over the next four years from this fund, which will also focus on backing startups addressing India's GHG (Greenhouse Gases) emissions. The fund largely invests in the growth stage, i.e. seed, pre-Series A and Series A rounds and also in follow-on rounds. Over the past decade, the company has backed over 35 startups.

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