Venture capital firm Omnivore Partners (previously known as Omnivore Capital and backed by consumer goods company Godrej) has invested an undisclosed amount int the series A round of India -based processed food company Arohan Foods.
Omnivore has also received a minority stake in the company. Although no financial information was disclosed, the investment is reported to be between R2 crore ($350,000) to R6 crore, according to yourstory.
The new funds will be used by Arohan to set up its own production facility.
Mark Kahn, venture partner with Omnivore Partners, said: “This investment is similar to the deals we have done in the past in terms of the amount involved. We will continue to invest in the agtech domain and our criteria is productivity, sustainability and supply chain.”
Last year Arohan raised around R20 lakh ($35,000) in angel funding from an undisclosed investor.