Hotline: 1800 102 2007
X
Loading
Search Business Opportunities
Mar, 31 2015

Aspada invests Rs 20 crore in fresh fruit supply chain InI Farms

InI Farms is a leading exporter of pomegranates and banana from India and has sales in 19 countries across Europe, Middle East and South East Asia.

Aspada Investment Company has made a commitment of Rs 20 crore to Mumbai-based InI Farms Pvt Ltd (InI Farms), which operates across fresh fruit value chains in crops such as pomegranate and banana.

The company provides farm extension services for small-hold farmers coupled with post harvest management and processing for both domestic consumption and export markets.

"We look forward to working with the Aspada team given their significant experience in investing in India's supply chain and agricultural logistics sectors. Aspada's investment will allow us to continue to build scale in the pomegranate and banana business units while expanding into other fruit categories," said Pankaj Khandelwal, Chairman and Managing Director, InI Farms.

InI Farms is a leading exporter of pomegranates and banana from India and has sales in 19 countries across Europe, Middle East and South East Asia.

The company has previously received venture investments from Unilazer Ventures (Ronnie Screwvala) and Aavishkaar along with angel investors like Pavan Vaish and Ashish Gupta.

"Over the next 24 months, we will be expanding our sourcing belts by expanding into adjoining regions of Maharashtra, Madhya Pradesh and Gujarat, while also bolstering farm extension activities and augmenting processing capabilities so as to work with many more small-hold producers to enable market linkages for their produce," said Purnima Khandelwal, Chief Executive Officer, InI Farms.

"We are partnering with an exceptional team that brings significant management experience in India's fruit value chains. We believe that there is a significant opportunity to organize India's fresh fruit supply chains and deliver quality products directly from farm gate to shelf that are traceable, and safe," said Kartik Srivatsa, Managing Partner of Aspada Investment Advisors.

Aspada is a holding company backed with a significant commitment from the Soros Economic Development Fund (SEDF). The firm is an active investor in India, with investments across agricultural supply chains and logistics, financial services, and education and healthcare. Aspada also manages the portfolio of the SONG Fund, an early stage venture capital firm funded by the Soros Economic Development Fund, Omidyar Network, and Google.
 

Comment
Related opportunities
  • Furniture/Home Decor & Furnishing
    About:Based in Kolhapur, Bedrox is an innovative designer bed concept..
    Locations looking for expansion Maharashtra
    Establishment year 2015
    Franchising Launch Date 2017
    Investment size Rs. 10lac - 20lac
    Space required -NA-
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Pune Maharashtra
  • Others Health Care & Fitness
    About:Aviators Air Rescue Ltd., is a pioneer in Helicopter Emergency..
    Locations looking for expansion Karnataka
    Establishment year 2005
    Franchising Launch Date 2017
    Investment size Rs. 5lac - 10lac
    Space required -NA-
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Bangalore Urban District Karnataka
  • Competitive Exam Coaching Institute
    IMS being in the education sector for over 40 years,..
    Locations looking for expansion Maharashtra
    Establishment year 1977
    Franchising Launch Date 2001
    Investment size Rs. 2lac - 5lac
    Space required 1500 sq. ft.
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Mumbai City Maharashtra
  • Want to start your own preschool with different approach? HPS..
    Locations looking for expansion Andhra Pardesh
    Establishment year 2009
    Franchising Launch Date 2009
    Investment size Rs. 2lac - 5lac
    Space required 3000 - 6000 Sq.ft
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Secunderabad Andhra Pardesh
Insta-Subscribe to
The Franchising World
Magazine
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities