Hotline: 1800 102 2007
X
Search Business Opportunities
Apr, 02 2018

Ankur Capital Backs medical herbs supplier Carmel Organics With Fresh Funding

The Madhya Pradesh-based company will use the capital to fund its global expansion plans.

Medical herbs supplier Carmel Organics Pvt. Ltd, has received an undisclosed funding from Impact investor Ankur Capital.

As per the statement by Ankur Capital, the Madhya Pradesh-based company will use the capital to fund its global expansion plans.

Carmel Organics, which was founded in 2012 by Shailendra Dhakad and Rajesh Sagitla, sources raw herbs from farmers and supplies them to consumers and companies.

The company’s B2B brand, Flavoherbs, serves the herbal tea industry, while its retail brand produces and distributes premium quality herbal products directly to consumers. It currently works with more than 1,500 farmers, educating and training them on practices to yield certified organic produce for major global markets, the statement added.

Krishnan Neelakantan, senior investment director at Ankur Capital said, “We were attracted by Carmel Organics’ positioning as a quality supplier of medicinal herbs and its traction in markets like Europe and Australia.”

The early-stage venture capital firm, which is investing out of its Rs 50-crore debut fund, focuses on technologies and product innovations in agriculture, healthcare and education, among others, to create large-scale impact.

In February, Ankur Capital had invested in Agricxlab, an agri-tech venture that uses smartphone imaging to assess the quality of agriculture products.

Its other investments, which are largely skewed towards the agri-food tech segment, include farm management software Cropin Technologies, online agri-input distribution BigHaat, sustainable bio-inputs firm Suma Agro, clean-tech cold chain TESSOL and health food maker Health Sutra.

The impact investor was planning to raise $30-40 million for its new fund in the April-June quarter.

Comment
image
Related opportunities
  • About Skoolbag Children take their first step in the world of..
    Locations looking for expansion Uttar pradesh
    Establishment year 2017
    Franchising Launch Date 2019
    Investment size Rs. 5lac - 10lac
    Space required 1000
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Noida Uttar pradesh
  • Competitive Exam Coaching Institute
    About Us: Searching for a premium franchise opportunity in booming education..
    Locations looking for expansion Karnataka
    Establishment year 2009
    Franchising Launch Date 2009
    Investment size Rs. 2lac - 5lac
    Space required -NA-
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Bangalore Karnataka
  • Quick Service Restaurants
    About Us: The Khoune Pizza franchise model is a unique, one-of-its-kind..
    Locations looking for expansion Delhi
    Establishment year 2019
    Franchising Launch Date 2019
    Investment size Rs. 5lac - 10lac
    Space required 60
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
  • Multi Cuisine Restaurant
    About Us: Shaking up the traditional food & drink space with..
    Locations looking for expansion Gujarat
    Establishment year 2004
    Franchising Launch Date 2018
    Investment size Rs. 1 Cr. - 2 Cr
    Space required 3000
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Ahmedabad Gujarat
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