Apoorv Anupam
01 October 2018, India:
Agritech startup Origo Commodities has raised ₹80 crore funding from a group of impact investors including Netherlands-based Oikocredit, Caspian SME Impact Fund IV and Triodos Investment Management (through Hivos-Triodos Fund).
The startup will use the fresh capital to strengthen its financing and logistics solutions.
Mayank Dhanuka and Sunoor Kaul, Co-Founders of Origo, said, “We are very excited to partner with Oikocredit, Caspian and Triodos. We look forward to leveraging our investors’ experience to further Origo’s growth to strengthen our product and reach to people in need of financing and logistics solutions.”
Anirudh Sarda, Equity Officer at Oikocredit, said, “Origo’s business model allows it to serve all participants in the agriculture value chain. With our investment, we aim to support Origo in creating a positive impact within this value chain.”
Ravi Narasimham, Investment Director, Caspian said, “We see Origo playing a key role in providing end-to-end solutions for buyers and sellers at every stage of the commodity supply chain. We are excited about the relationship and look forward to working with the Company.”
Unitus Capital acted as the exclusive financial adviser on the transaction.
Origo was founded in 2010. It provides solutions for reducing post-harvest losses and maximising value for all participants in the commodity supply chain, including farmers, traders, processors, bulk buyers, warehouse owners and financial institutions.
(Image – Origo Commodities)