Proparco invests $5 Mn in Omnivore's agritech and climate sustainability fund, marking its first venture capital fund commitment in India.
The investment aims to boost private sector development in emerging economies, focusing on agritech and climate sustainability, aligning with Proparco's goals of reducing inequality and adapting to climate change in India.
This partnership between Proparco and Omnivore is expected to support entrepreneurs in boosting the agriculture, rural economies, and climate solutions across India and Southeast Asia.
French public entity Agence Française de Développement Group’s financing arm Proparco has infused $5 Mn (INR 42 Cr) into Omnivore’s third fund, the Omnivore Agritech & Climate Sustainability Fund.
This LP investment also marks Proparco’s first VC fund commitment in India.