ET Rise
12,248.2567.9
Stock Analysis, IPO, Mutual Funds, Bonds & More

Agri firm Kamatan Farm Tech raises Rs 30 crore

Proceeds of the latest funding round will be used to further expand its linkages with FPOs. In all, Kamatan has raised an estimated $10 million in a mix of debt and equity.

, ET Bureau|
Nov 29, 2019, 09.15 AM IST
0Comments
Getty Images
startups 2 - getty
The company, which is led by former Indian Administrative Services officer Pravesh Sharma, helps FPOs in procuring, storing, quality control and logistics.

NEW DELHI: Agri supply chain startup Kamatan Farm Tech has raised Rs 30 crore in equity and debt financing from Samunnati Agro Solutions, the Delhi-based company said on Thursday.

Kamatan, formed after the merger of two agri-tech startups LivLush and Sabziwala in 2018, works with over 70 farmer produce organisations (FPOs) to source produce for direct supply to agri enterprises, processors and modern retailers such as Cargill, ITC and Gujarat Ambuja, among others.

The company, which is led by former Indian Administrative Services officer Pravesh Sharma, helps FPOs in procuring, storing, quality control and logistics. Separately, it also services large buyers of produce with supply, bulk volumes and factory-gate delivery.

Proceeds of the latest funding round will be used to further expand its linkages with FPOs. In all, Kamatan has raised an estimated $10 million in a mix of debt and equity.

Also Read

Punjab to woo global agri players for sustainable clean agri practices

SLCM digitalise agri-warehousing call centre

Agri commexes hope farmers turn up volumes

186 agri products testing laboratories set up by APEDA: Government

Bright spot eludes solar powered agri income plan

Comments
Add Your Comments
Commenting feature is disabled in your country/region.

Other useful Links


Copyright © 2020 Bennett, Coleman & Co. Ltd. All rights reserved. For reprint rights: Times Syndication Service