Agritech Focused VC Omnivore Closes Second Fund At $97 Mn
24 April 2019 9:55 PM GMT
With the Fund 2, Omnivore expects to make around twenty investments, with an average of five per year.
- Mumbai-headquartered impact venture fund Omnivore has announced the final close of its second fund, Omnivore Partners India Fund 2, at $97 Mn.
- Omnivore had announced the first close of the Omnivore Partners India Fund 2 in January 2018 when it raised $46 Mn from DGGF, KfW, SIDBI, AXA Investment Managers, The Rockefeller Foundation, Ceniarth, RBL Bank, and the Sorenson Impact Foundation.
- Mark Kahn, managing partner, Omnivore told Inc42 that the increasing interest of the global investors in the agritech segment has enabled Omnivore to close Fund 2 at a bigger amount than targeted $75 Mn.
- Kahn shared that the ticket size of the first fund was $500K to $2 Mn.
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