Omnivore Partners to raise its second fund of almost $50 million
Agriculture and food-tech focused venture capital firm Omnivore Partners plans to raise its second fund of almost $50 million (about Rs.325 crore) to invest in agriculture and food businesses, according to senior company executives.
“We have exhausted more than 50% of the fund in the 11 investments that we have made so far. By end of this year, we are looking at making a few series B investments in our portfolio companies and then we will start raising a new fund early next year,” said co-founder and partner Jinesh Shah. The firm will raise the funds from domestic institutional investors and high net worth individuals.