Omnivore Capital, which originally invested in Ecozen in 2015, also participated in the latest round. The company said this funding is on top of the investment received in July from Caspian and the Hivos-Triodos Fund.
Ecozen Co-Founder & CEO Devendra Gupta said, “The funding raised will enable us to expand our product range, production capacity, and enter new geographies.”
Founded by three IIT Kharagpur alumni, Gupta, Prateek Singhal and Vivek Pandey, Ecozen develops technology-enabled products to strengthen farm-to-fork value chain of perishables. The startup claims that about 25,000 farmers in India use its products.
It further started that Krishna Kumar, ex-MD of State Bank of India, will be joining Ecozen’s board as the company embarks on its next phase of growth.
INDIA DEAL MONITOR
Here are some of the venture capital transactions in India between December 11-December 12.
|Startup||Headquarter||Investment Size (USD)||Investment Stage||Lead Investor(s)||Other Investor(s)||Sector|
|Ecozen||Pune||6 million||Series A||IFA Fund||Omnivore Capital||AgriTech|
|Purplle||Mumbai||30 million||Series C||Goldman Sachs||IvyCap Ventures, Blume Ventures, JSW Ventures||E-commerce|
|Awign Enterprises||Bengaluru||4 million||Series A||Work10M, Michael and Susan Dell Foundation, Eagle10, Unitus Ventures||-||Technology|
|Freshokartz||Jaipur||150000||Pre-Series A||Innovana ThinkLab Ltd.||-||Agri Tech|
|Five Figs Hospitality Private Limited||Delhi||500000||-||-||-||Food & Dining|
|TapChief||Bengaluru||1.5 million||Pre-Series A||Blume Ventures||-||Technology|
|Binca Games||Mumbai||-||-||Sunil Gavaskar||-||Gaming|
|Koovs||Gurugram||-||-||SGIK 3 Investments Limited||-||E-commerce|