Omnivore Agritech & Climate Sustainability Fund III
Status: Approved investmentWhy disclosure?
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Disclaimer
The information as disclosed is indicative and provided on an "as-is/as available" basis for general informational purposes only and should not be construed as financial, legal or investment advice, nor as a commitment or an offer to arrange or provide any financing. The final decision to provide financing is subject to the terms and conditions of FMO in its sole and absolute discretion. When providing links to other sites, FMO bears no responsibility for the accuracy, legality or content of the external site or for that of subsequent links. The information on proposed investment for high-risk investments is made available in the language relevant to the country or region where the bulk of operations take place. Translations of any information into languages other than English are intended as a convenience for local stakeholders. In case of any discrepancy, the information provided in English will prevail.
Who is our customer
Omnivore is a dedicated Agri Tech fund manager in India. After launching their first fund (as corporate venture fund from Godrej) in 2012 and a second standalone fund in 2018, the team is currently raising their third fund. Omnivore invests in Agri Tech startups that leverage innovation to address the structural challenges facing Indian agriculture. The team has offices in Mumbai, Delhi, Chennai, and Bengaluru.
What is our funding objective?
Omnivore III will focus on early-stage companies with high growth potential, that have a tech (enabled) value proposition. Their target companies should have the potential to generate significant economic returns, as well as the potential to strengthen the economic position of the smallholder farmers in India and/or improve the environmental sustainability of the agricultural sector.
Why do we fund this investment?
The Projects aligns well with FMO’s strategy to (i) invest in agribusiness for a sustainable future, (ii) support tech (enabled) propositions designed for emerging markets that can significantly improve value chains and create new opportunities, (iii) improve smallholder livelihoods and environmental sustainability in line with the goals of reduced inequallities and climate action.
What is the Environmental and Social categorization rationale?
E&S Category B since Omnivore III will provide early-stage funding to tech-enabled agri companies. Main E&S issues relate to the nascent E&S management systems of early-stage companies, (PS1), decent work conditions (PS2), supply chain (PS2, PS6), resource efficiency (PS 3), sustainable use of natural resources (PS 6) and contextual issues in South Asia. The Fund Manager has a dedicated E&S capacity and an E&S Management System that will be further strengthened in the new Omnivore III.
- Region
- Asia
- Country
- India
- Sector
- Agribusiness, Food & Water
- Publication date
- 9/27/2022
- Effective date
- 2/15/2023
- Total FMO financing
- USD 15.00 MLN
- Funding
- FMO NV
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Risk categorization on environmental and social impacts, A = high risk, B+ = medium high risk, B = medium risk, C = low risk
Environmental & Social Category
(A, B+, B or C) - B