Organic agri produce procurement firm Safe Harvest raises funding from Palaash Ventures, others
Bangalore-based Safe Harvest Pvt Ltd, which procures organic produce from farmers and sells it directly to retail customers, has secured Rs 1.74 crore (over $250,000) from Delhi-based early-stage investor Palaash Ventures and a few other investors, including Ford Foundation’s South Asia representative Ganesan Balachander, apart from six farmer producers’ organisations.
Palaash invested Rs 67.5 lakh through debt funding, while the rest of the money came from other investors. The company will use the funds for procurement of agriculture produce as well as streamlining its operations, its founder and CEO Rangu Rao told VCCircle.
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