Nutreco buys Indian aquatech Eruvaka for $40m-$50m in exit for Omnivore
The Netherlands-based animal and fish feed producer has acquired close to 94% in Indian aquatech company Eruvaka as impact fund Omnivore and Eruvaka team exit.
The Netherlands-based animal and fish feed producer has acquired close to 94% in Indian aquatech company Eruvaka as impact fund Omnivore and Eruvaka team exit.
The US alt-dairy startup has posted the winning ₹6.38 billion ($79.8 million) bid to take over Sterling Biotech, which entered liquidation in 2019.
The tech-enabled parks are a joint project between India, Israel, the UAE, and the US.
The 7th Agritec Africa Conference was a three-day event showcasing agricultural technologies. Key sessions involved organic agriculture, soil health and its conservation, agri-mechanization and application of plasticulture.
General Mills invested $3 million more into regen ag, Lunchbox acquired another restaurant ordering platform, and Cox delved deeper into indoor farming.
Seed funding will enable the US- and India-based company to further develop its milk alternative made with mammalian cell cultured technology.
It also saw upstream agrifoodtech deal numbers surpass downstream deals for the first time, says Omnivore managing partner Mark Kahn.
It says revenue from its marketplace for new and used farm vehicles grew 7x over the past two years.
It’s digitalizing Asian and African agribusiness with software that helps mid- to large-size operations manage their data and finances.
Rhishi Pethe interviewed 12 agriculture experts from around the world for his new charity e-book. Here are key takeaways from each conversation he had.
Premium Branded Foods remained one of India’s most active categories, despite a pandemic-related slowdown.
Pandemic-related labor shortages and supply chain issues drove early-stage investment in solutions closer to the farm for India’s agrifood startups.
Drones could be revolutionary for Indian agriculture – but their cost means they remain out of reach for most of the country’s farmers.
It’s boosting farm incomes and reducing food waste by providing logistics, warehousing, and financing solutions to small-scale grain growers.
Midstream Tech deals increased in response to the problems and inefficiencies in India’s agrifood supply chains highlighted by the Covid-19 pandemic.
The Chennai-based startup will use the Series D funds to expand into “aligned” categories including alt-protein, according to CEO Karthik Jayaraman.
Online farmer marketplaces like DeHaat, Bijak, and Animall were among India’s big winners when it came to venture investment last year.
The latest edition of AgFunder’s India Agrifood Startup Investment Report, released today, also reveals that food delivery platforms raked in the most dollars during a difficult year.
A sneak-peek at our India Agrifood Startup Investment Report, which comes out tomorrow.
Global agrifoodtech funding is still dominated by the US – but a few massive deals in China, India, and other countries are stealing a greater share.
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International Fresh Produce Association launches year 3 of its produce accelerator