Swiss Investment Fund
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Omnivore Fund III

The Fund invests in start-ups developing breakthrough technologies for agriculture, food, and the rural economy (AgriTech) in India. It intends to increase smallholder profitability, enhance smallholder resilience, improve agricultural sustainability, and catalyze climate action. India’s agrarian sector generates income for half of the country’s population. However, the sector lags in development. Tech-based solutions help improve productivity and income along the value chain. The fund also aims at contributing to climate change mitigation and adaptation, India being one of the biggest emitters of GHG and exposed to climate change impacts. SIFEM committed USD 15 million.

Omnivore Fund III

The Fund invests in start-ups developing breakthrough technologies for agriculture, food, and the rural economy (AgriTech) in India. It intends to increase smallholder profitability, enhance smallholder resilience, improve agricultural sustainability, and catalyze climate action. India’s agrarian sector generates income for half of the country’s population. However, the sector lags in development. Tech-based solutions help improve productivity and income along the value chain. The fund also aims at contributing to climate change mitigation and adaptation, India being one of the biggest emitters of GHG and exposed to climate change impacts. SIFEM committed USD 15 million.

About the fund

The fund contributes to higher productivity and income for smallholder farmers, the majority of the Indian agrarian economy. Technology holds the potential to generate better transparency and build connectivity across the value chain, offering smallholder farmers the possibility to capture commensurate value for their products while also bringing about efficient resource utilization and affordable financing solutions. Furthermore, the fast-growing agritech sector attracts many entrepreneurs, scientists, and engineers that are driving the transformation of the sector and eliciting innovation into the whole value chain of agriculture and food production, creating many new jobs at the same time. Finally, the investments contribute to climate mitigation and resilience in agriculture and food systems by enabling climate-smart production, mitigating financial risk for smallholder farmers, and building efficient supply chains. The Manager, Omnivore Capital Management Advisors, is a long-term partner of SIFEM and several other European DFIs.

Reference code
2022-06
Status
Committed
Date of commmitment
December 2022
Date of exit
-
Fund size
USD
200,000,000
SIFEM commitment
USD
15,000,000
Asset class
Private Equity
Investment strategy
Investment through Fund
Fund manager
Omnivore Partners