Agritech venture capital firm Omnivore is setting up a new $150 million fund to be invested in tech-driven, predictive crop insights to help improve productivity and profitability for Indian farmers.
Mark Kahn, a managing partner at Omnivore, said the fund will be good for four years. He added that they have been seeing an acceleration in technology adoption in agriculture and expect this to continue.
The venture capital firm already invested in 30 agritech start-ups that have benefitted around 10 million farmers in the country.
Omnivore would start raising its new fund towards the end of this year and would have another $132 million invested in various agritech ventures in the country by 2023.
Some 600 agritech ventures in India collectively raised around $400 million in the last two years, as per industry estimates.
Among them is Amazon India, which recently announced a $250 million venture fund with a portion of it earmarked for agricultural technological innovations.


Wall Street Ends Mixed as Weak Jobs Data Lowers Fed Rate Hike Bets, Chip Stocks Tumble
South Korea Warns Won Is Undervalued, Boosts FX Coordination With Japan
SoftBank’s LY Corp, Bain Raise Kakaku.com Bid to ¥670 Billion, Intensifying Takeover Battle
Gold Price Holds Above $4,000 as Fed Rate Hike Expectations and U.S. Jobs Data Weigh on Market
New Zealand Consumer Confidence Rises in June as Inflation Expectations Ease
China Services PMI Beats Forecasts as Strong Demand Supports June Growth
TetherMax Rebranding Highlights Official Exchange Partnerships as Foundation of Trust
Denmark Central Bank Intervenes to Support Krone Peg Against Euro
U.S. Dollar Drops as Weak Jobs Data Boosts Fed Pause Bets, Yen Jumps on Intervention Talk
Gold Price Surges Above $4,120 as Weak US Jobs Data Lowers Fed Rate Hike Expectations
Chinese Copper Foil Maker Londian Files U.S. IPO as EV Battery Demand Grows
Japan Signals Surprise Yen Intervention Strategy as BOJ Hawkish Stance Puts FX Traders on Alert
US Resumes Dollar Shipments to Iraq After Months-Long Suspension
Kioxia Bets on AI Memory Boom With Next-Gen NAND Production in Japan
Anthropic Tightens AI Access Controls After Reports of China-Based Workarounds
Asian Stocks Slide as Chip Shares Tumble Ahead of Key U.S. Jobs Report
Australia Trade Balance Swings to Surprise Deficit as Imports Outpace Exports in May 



