Hotline: 1800 102 2007
Hotline: 1800 102 2007
Search Business Opportunities
Investment 2015-03-31

Aspada invests Rs 20 crore in Mumbai based fresh fruit supply chain INI Farms

Aspada Investment Company has promised to invest Rs 20 crore in Mumbai based INI Farms, a horticulture company focused on pomegranates and bananas.

Aspada invests Rs 20 crore in Mumbai based fresh fruit supply chain INI Farms

Aspada Investment, a holding company backed with a significant commitment from the Soros Economic Development Fund, has made a commitment of Rs 20 crore to Mumbai’s INI Farms that operates across fresh fruit value chains in specific fruit like pomegranate and banana.

Significantly, INI provides farm extension services to the small-hold farmers along with post harvest management and processing for both domestic consumption and export markets.

Commenting on the matter, Pankaj Khandelwal, Chairman and Managing Director, INI Farms said, "We look forward to working with the Aspada team given their significant experience in investing in India's supply chain and agricultural logistics sectors. Aspada's investment will allow us to continue to build scale in the pomegranate and banana business units while expanding into other fruit categories.”

Known as the leading exporter of pomegranates and banana in India, INI Farms has sales in 19 countries across Europe, Middle East and South East Asia. Earlier, the company has received venture investments from Unilazer Ventures of Bollywood Producer Ronnie Screwvala and Aavishkaar along with angel investors like Pavan Vaish and Ashish Gupta.

With the new investments, INI have big expansion plane, as disclosed by the company.

"Over the next 24 months, we will be expanding our sourcing belts by expanding into adjoining regions of Maharashtra, Madhya Pradesh and Gujarat, while also bolstering farm extension activities and augmenting processing capabilities so as to work with many more small-hold producers to enable market linkages for their produce,” unveiled Purnima Khandelwal, Chief Executive Officer, InI Farms.

Meanwhile, Kartik Srivatsa, Managing Partner of Aspada Investment Advisors shared, “We are partnering with an exceptional team that brings significant management experience in India's fruit value chains. We believe that there is a significant opportunity to organize India's fresh fruit supply chains and deliver quality products directly from farm gate to shelf that are traceable, and safe.”

Aspada Investment Company is one of the active investors of India, with investments across agricultural supply chains and logistics, financial services, and education and healthcare. The company also manages the portfolio of the SONG Fund, an early stage venture capital firm funded by the Soros Economic Development Fund, Omidyar Network and Google.

Comment
image
image
image
Related opportunities
  • Join Hands with Apollo diagnostics and start a business that..
    Locations looking for expansion Andhra Pradesh
    Establishment year 2002
    Franchising Launch Date 2015
    Investment size Rs. 2lac - 5lac
    Space required 200
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Hyderabad Andhra Pradesh
  • About Us: Established in the year 2015, Fugazee is a youth..
    Locations looking for expansion Delhi
    Establishment year 2015
    Franchising Launch Date 2018
    Investment size Rs. 10lac - 20lac
    Space required 400
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
  • Gyms and Fitness Centres
    About Us: Started in Hyderabad, Core fitness station is the 1st..
    Locations looking for expansion Andhra pradesh
    Establishment year 2015
    Franchising Launch Date 2017
    Investment size Rs. 1 Cr. - 2 Cr
    Space required 600
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater hyderabad Andhra pradesh
  • Laundry & Dry Cleaning
    About Us: In the 60s, the textile care industry was made..
    Locations looking for expansion Maharashtra
    Establishment year 1968
    Franchising Launch Date 2013
    Investment size Rs. 20lac - 30lac
    Space required 250
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Mumbai Maharashtra
Insta-Subscribe to
The Franchising World
Magazine
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities
More Stories

Free Advice - Ask Our Experts