Liquidity Events
Agritech startup Eruvaka acquired by Dutch firm Nutreco; Omnivore exits
Agritech-focused VC firm Omnivore Partners is exiting its investment in Vijayawada-based Eruvaka Technologies that develops aquaculture pond management solutions, via strategic sale to Amersfoort, Netherlands-based Nutreco.
From the Venture Intelligence PE-VC Deal Database: Between Oct-2013 and Apr-2018, Eruvaka had raised over USD 6 M from Omnivore and other investors (Subscribers to the database can login to view the valuation, deal structuring and other transaction details.) From the Venture Intelligence Private Company Financials Database: Eruvaka had reported operational income of over INR 43.17 Cr for FY 21 and had turned profitable reporting a PAT of INR 33 Lakhs. (Subscribers to the database can login to view the detailed financials.)
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