VC Fund Investments
Vegetables & fruits producer Sahyadri Farms raises $15-M from Holland's FMO
Dutch development bank FMO is to invest USD 15 million in Nashik-based Sahyadri Farms Post Harvest Care Ltd (SFPHCL) as part of a consortium of investors led by Incofin. Incorporated in 2020, SFPHCL procures, processes and markets fruits & vegetables for both export and domestic markets. The company is expected to use the proceeds to finance capacity expansion in the Nashik processing plant, a biomass plant, additional collection centres and for the growth of the company's domestic supply chain.
From the Venture Intelligence PE-VC Deal Database: In Sep-19, FMO had invested Euros 7.5 million (about USD 8.28 M) in Sahyadri Farmers Producer Co - the parent entity of SFPHCL.
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