Private Equity

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Egreens sets up Rs.15-Cr fund for agritech startups

PTI  

Investment firm Egreens has set up an INR 15 crore fund for agritech startups, particularly those that use innovative technologies and disruptive business models across the entire value chain of food production, storage and transportation. The company has already invested INR 15 crore in its own venture VegEase, which sells fruits and vegetables with its cart-at-home model. Since inception in January 2021, VegEase claims to have achieved a turnover of INR 70 lakh and a customer base of over 15,000 in Delhi-NCR. Egreens is looking to invest in startups that will eventually create forward and backward integration with VegEase.