Sahyadri Farms raises Rs.310-Cr from European investors

Sahyadri Farms Post Harvest Care Ltd (SFPHCL) has raised INR 310 crore from a group of impact-focused investors from Europe including Incofin, Korys, FMO and Proparco SFPHCL procures, processes and markets fruits & vegetables for both export and domestic markets. The company claims to be servicing over 18,000 farmers, covering more than 31,000 acres and nine crops. The fresh capital will be used for expanding processing capacity for fruits and vegetables-based products, set up a biomass plant to generate electricity from process waste and enhance its infrastructure like packhouses.