Monthly Archives

August 2015

Omnivore Partners to raise its second fund of almost $50 million

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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.

Skymet planning to go global, raise $20 million

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Skymet planning to go global, raise $20 million

SkymetWeather Services Pvt. Ltd, an Indian weather forecaster, plans to raise at least $20 million (about Rs.127 crore) that will fund plans to go global, founder and chief executive officer Jatin Singh said on Tuesday.

“The plan is to have a stronger pan-India presence and expand all our business lines. We want to make our website a global weather data website, with properties like long- and medium-term forecasts, and serve the under-served geographies like East Asia and Africa,” said Singh.

Skymet, which competes with government agency India Meteorological Department (IMD), will also use the funds to set up a global research and development (R&D) centre in the US and increase headcount, which currently stands at 200.