India Dealbook: Rabobank, Caspian launch agri fund; Rooters raises funding

Photo by Cezanne Ali on Unsplash

Rabobank and Caspian Impact Investment Adviser Pvt Ltd have set up an agriculture technology-focused fund. In another development, live sports engagement platform Rooter has secured funding from leAD Sports Accelerator Programme

Rabobank, Caspian launch agri fund

Dutch banking giant Rabobank and Caspian Impact Investment Adviser Pvt Ltd have set up an agriculture technology-focused fund with an initial corpus of Rs 15 crore (about $2.1 million), said media reports.

The Rabo-Caspian Agtech Financing Fund will provide customised debt solutions to companies operating in the agri-tech segment. It is particularly interested in companies that are focused on providing data-driven solutions to help farmers increase productivity and income.

The fund size may be increased in future depending on its performance and demand from enterprises.

Rooters bags funding from leAD Sports Accelerator

Delhi-based live sports engagement platform Rooter has secured Rs 3.5 crore in funding from leAD Sports Accelerator Programme, YourStory reported.

Rooter will use the funds to focus on its growth within India and to expand footprint to Europe. Besides, it also aims at increasing its client base to B2B customers.

Founded in 2016 by Piyush Kumar and Akshat Goel, Rooter was among the 10 startups chosen for the 2018 accelerator program last year.