VC Fund Investments
Agritech startup Our Food raises $6-M from 3Lines Venture Capital, C4D Asia Fund
Hyderabad-based agritech startup Our Food has raised USD 6 million in a funding round led by existing investor 3Lines Venture Capital and a new investor, C4D Asia Fund. Lalit Jalan, 3Lines India Chairman and former CEO of Reliance Infrastructure, will join the company's board of directors. The company is looking to come out with an initial public offer in 2024. The startup, which helps power innovative, low-cost, decentralized mini food processing units, plans to use the funding for ramping up operations, increasing manufacturing capacities and invest in improving the agricultural food supply chain that sees an estimated post-harvest wastage in India to the tune of USD 5 billion per annum.
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