| Log in

Aavishkaar Invests Rs 1 Cr In Zameen Organic

09 September, 2009
Aavishkaar India Micro Venture Capital Fund has invested Rs1 crore in Zameen Organic, a Hyderabad based organic cotton trading company. Zameen will invest the amount to strengthen its sales teams across the US, Europe and India. 
 
Satish Chukkapalli, Director, Zameen said that the fund will facilitate initial growth of the company and scale up the farming societies that govern the company. “In order to maximise farmer benefits, we aim to go main stream and hit the high street.  We have earmarked a large proportion of this funding for the support of our sales teams across Europe, the US and India,” said Chukkapall.
 
The company further stated that it sees a significant growth in domestic organic food market. The company is currently working with the farmers to develop a business plan and new product range. Zameen believes that the fresh cash inflow will help the company to launch its new range of food early next year, that include dhal among others.
 
Vineet Rai, Director, Aavishkaar said that Zameen was a perfect fit with their investment portfolio as both the companies believe in producer ownership and their commitment to the management team.
 
Last season, Zameen has harvested around 374 tonnes of organic cotton lint from its farms in Maharastra and Andhra Pradesh.

 


Leave Your Comment
Aavishkaar Invests In Horticulture Firm Insight & Intellec

Aavishkaar Invests In Horticulture Firm Insight & Intellec

Madhav A Chanchani 7 years ago
Social venture capital firm Aavishkaar Venture Management has invested an...
Aavishkaar backs organic textiles maker CAOS Apparels

Aavishkaar backs organic textiles maker CAOS Apparels

Madhav A Chanchani 4 years ago
Aavishkaar Venture Management, a venture capital firm focused on India’s...
NCMSL Raises Rs 101.75Cr From Rabo Equity, IFC & Others

NCMSL Raises Rs 101.75Cr From Rabo Equity, IFC & Others

Shrija Agrawal 6 years ago
National Collateral Management Services Ltd (NCMSL), a leading private agri...
No Comments

Aavishkaar Invests Rs 1 Cr In Zameen Organic

Powered by WordPress.com VIP