PE Fund Investments
Horticulture marketplace Sahyadri Farms raises Rs.390-Cr led by Responsability, GEF Capital
Nashik, Maharashtra-based horticulture platform Sahyadri Farms has raised INR 390 crore in a funding round led by Swiss investor Responsability and GEF Capital with participation from existing investors FMO, Proparco, Incofin and Korys.The money raised will be used to expand climate-resilient varieties of table grapes and citrus fruits and augment packhouse and processing capacities for fruits and vegetables and value-added products like aseptic, IQF, freeze-dried, juice concentrates and dry fruits.The company operates an end-to-end fruits and vegetables supply chain from facilitating farmers and growing international-quality produce to marketing products to international and domestic customers. It first raised INR 310 crore in a funding round in September 2022 from FMO, Proparco, Incoin and Korys. The profitable firm claims to have nearly doubled its revenue to INR 1482 crore in FY2024 over the last two years, serving over 18,000 farmers across over 252 villages.
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