India Deal Monitor: Omnivore, IFA Fund invest $6m in Ecozen and more updates

Pune-based agritech startup Ecozen Thursday said it has raised $6 million in Series A funding from Sathguru Catalyser’s Innovation in Food & Agriculture Fund (IFA Fund).

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.

Expand Table

StartupHeadquarterInvestment Size (USD)Investment StageLead Investor(s)Other Investor(s)Sector
EcozenPune6 millionSeries AIFA FundOmnivore CapitalAgriTech
PurplleMumbai30 millionSeries CGoldman SachsIvyCap Ventures, Blume Ventures, JSW VenturesE-commerce
Awign Enterprises Bengaluru4 millionSeries AWork10M, Michael and Susan Dell Foundation, Eagle10, Unitus Ventures-Technology
FreshokartzJaipur150000Pre-Series A Innovana ThinkLab Ltd. -Agri Tech
Five Figs Hospitality Private LimitedDelhi500000---Food & Dining
TapChiefBengaluru1.5 millionPre-Series ABlume Ventures-Technology
Binca GamesMumbai--Sunil Gavaskar-Gaming
KoovsGurugram--SGIK 3 Investments Limited-E-commerce

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.